New top management member at SEB Pension in Denmark
SEB has named Vivian Byrholt as an aditional member of the management board at SEB Pension in Denmark. The 48-year old Byrholt has a degree in actuarial sciences, and has been Chief Executive of SEB Administration in Denmark for the past four years. Prior to that, she was head actuary in SEB Pension. The management board will now consist for CEO Søren Lockwood, Kim Johansen, Mark Payne and Vivian Byrholt.
Swedish central bank governor gets another term
The Swedish central bank governor, Stefan Ingves, has been named to a new five year term, after serving for the past 12 years as governor. In addition, first deputy governor Kirstin af Jocknick has been named for a new six year term. It was expected that the Swedish politicians would name a new governor, but disagreements about the candidates led to a decision to renew Ingves’ term.
Betri Bank in the Faroe Islands names new Chief Executive
Betri Bank, which was reconstructed on the remains of the failed Eik Bank in the Faroe Islands, have named Ben Arabo as new Chief Executive. He was previously CEO of Atlantic Petroleum. He replaces temporary CEO Bjørn Mortensen, who took over after Súni Schwartz Jacobsen suddenly resigned in July.
Danish mortgage giant names new executive board member
Realkredit Danmark, the mortgage banking arm of Danske Bank, has named Klaus Kristensen as new member of the executive board, joining Chief Executive Carsten Nøddebo Rasmussen. Klaus Kristensen has worked at Realkredit Danmark for more than 20 years, most recently as head of risk management.
Swedbank names new head of CEO Office
Swedbank has named Ragnar Gustavii as new head of the CEO Office and new member of the Group Executive Committee. He currently works at EY, where he is part of the Nordic management team. At Swedbank he will be responsible for Group human resources, group legal, group infrastructure, group communication, sustainability and branding and marketing. The present head of the CEO Office, Mikael Björknert, has been appointed to a new position as head of Group Strategy.
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Søren Dal Thomsen, the newly appointed CEO of Kirstein offshoot Spektrum, is already working with the firm on a fund giving smaller institutional and professional investors exposure to infrastructure assets. The firm’s founder Jesper Kirstein tells AMWatch it is not just large pension funds that need alternatives in their portfolios.
The Danish labour-market pension fund has been actively making tactical changes to its investment portfolio to protect investment gains it made over the last few years. Both equity and bond markets are set for a bout of weakness six to 12 months from now, though a real crash is unlikely, predicts Morten Kongshaug, the fund’s investment strategist.