Denmark’s AP Pension loses investment director to Nykredit | #retirement | #elderly | #seniors
Ralf Magnussen will join Nykredit Asset Management as director, leaving Danish pension fund AP Pension, Copenhagen.
Nykredit’s director is currently Morten Therkildsen, according to the manager’s website. Spokesmen could not be reached for comment, and further details on Mr. Magnussen’s new position were not available.
Mr. Magnussen is investment director at AP Pension and will leave at the end of July, an AP Pension news release said. The fund, which had 171.3 billion Danish kroner ($28.3 billion) as of Dec. 31, is looking for a replacement, the news release said.
Any replacement must agree with the fund’s sustainable investing profile and be passionate about contributing to the green-economy transition, CEO Bo Normann Rasmussen said in the release.
Spokesmen for AP Pension could not be reached for comment.