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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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.