Danske Bank CEO joins lobby supervisory board
Thomas F. Borgen, the chief executive of Danske Bank, has joined the supervisory board of Finans Danmark, the Danish industry group for banks, mortgage banks and investment fund associations. Borgen, who replaces management colleague Tonny Thierry Andersen, has been named second deputy chairman of Finans Danmark, and is slated to eventually being named chairman at some point in the future.
Pareto hires former Nordic chief for Calyle
Pareto Securities has hired Thomas Lindström as part of the Pareto Stockholm investment management team, where he will lead the real estate business, managing real estate assets of some EUR 1 billion, writes news service Realtid.se. Lindström has worked in Nordic real estate in more than 25 years, and was previously Nordic chief for Carlyle for more than eight years, and he has also worked at GE Real Estate, DTZ and CBRE.
Brunswick Real Estate hires new partner with political past
Brunswick Real Estate has named Mathias Kryspin Sørensen as new partner in its Copenhagen office, writes EjendomsWatch. He has previously worked at investment bank FIH Partners and EY Corporate Finance, and has also run for the Danish parliament as a candidate for the Social Liberal party.
Swedish central bank names new head of financial stability
The swedish central bank, Riksbanken, has named Olof Sandstedt as new head of the bank's financial stability division. He was previously acting head of the division, and was hired by the bank from JP Morgan in 2007. In 2015, he moved from being head of the bank analysis unit to being deputy head of the financial stability division.
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Grant-making association Realdania has its roots in the history of Danish housing needs -- all the way back to the devastating Copenhagen Fire of 1795. But with his eye firmly fixed on today's financial market challenges, CIO Peter Johansen tells AMWatch the private philanthropic organization is now set for a big boost in its alternative assets.
Both Alecta and AMF are busy shifting assets into new investment types: Alecta has more than doubled its green bonds investments in 2017, while AMF’s CIO says her fund has been working to manage assets outside the traditional asset classes.
Over the years, Pensiondanmark has built up a large portfolio of alternatives, which in 2017 yielded a return that compares with equities. Investments in infrastructure, property and non-listed assets will help protect the savings of more than 700,000 members against future equity unrest and interest rate hikes.
Spiralling costs for government pensions, a large sector of the population with scant pension savings, particularly poor pensions among women -- and a group with no pension coverage at all. The latest OECD pension report lays bare the fact that Germany has a steep hill to climb, with pensions in need of far-reaching reforms.