Nordea names future group CFO
At 1 March, Christopher Rees, 46, will replace Heikka Ilkka as group chief financial officer at Nordea.
Currently, the future CFO works as head of Nordea Markets and deputy head of wholesale banking, however, and as part of the promotion, he will enter Nordea’s executive management board.
He has previously worked at British Barclays and the American Morgan Stanley and Merrill Lynch
Nordea has begun a process to identify a successor head of markets. In the meantime, Martin Persson will act as interim while also being head of wholesale banking.
Intrum searches for CFO
Swedish credit management company Intrum is looking for a new Cheif financial Officer and Intrum expects the process to be finalised later this spring. Current director of business control at Intrum, Thomas Moss, has been appointed as acting Chief Financial Officer, however, he leaves the company in 2018.
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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.