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PFA hires alternatives advisor from decommissioned commercial bank

The CEO of FIH Erhvervsbank, which has been in the process of shutting down for ten years, will now join PFA Pension as an advisor within its portfolio of alternative investments.

Henrik Sjøgreen from FIH Erhvervsbank is a new advisor at PFA Pension. Photo: Uffe Frandsen/Jyllands-Posten/Ritzau Scanpix

FIH Erhvervsbank had its golden days in the early 2000s, with significant growth in lending to the business and real estate sectors and an ambition to become a large financial institution with investment banking and its own stockbroker division. Now, the CEO has been hired as an advisor at PFA, Danish business media Insidebusiness reports.

The big dreams at FIH were shattered by the financial crisis, and when the bank threw in the towel, Henrik Sjøgreen was responsible for the clean up, helped by Bjarne Graven. This task is almost completed, and Sjøgreen has now been hired by PFA to advise the company about alternative investments.

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