ATP, Hilleroed, Denmark, named Carsten Stendevad as CEO, a spokeswoman for the 789 billion Danish kroner ($138 billion) pension fund confirmed.
Mr. Stendevad is New York-based managing director and global head of the financial strategy group at Citigroup. He will replace Lars Rohde, who will become the central bank governor of Denmark in February.
According to a staff memo from Citigroup to the global corporate and investment banking division, Mr. Stendevad will be replaced “in due course.”
Mr. Stendevad will join ATP by May. Henrik Gade Jepsen, ATP's chief investment officer, is acting CEO in the interim.