Anders Svennesen was appointed chief investment officer at Danica Pension, said a spokesman for the pension provider.
Mr. Svennesen will join Dec. 1, and replace Peter Lindegaard, who left the 324 billion Danish kroner ($55.3 billion) firm earlier this year, the spokesman said. Mr. Lindegaard’s plans could not be learned by press time.
Mr. Svennesen is co-chief investment officer of the 600 billion kroner ATP, Hilleroed, Denmark. His responsibilities and role — which he will leave “shortly” — will be taken on by Kasper Ahrndt Lorenzen, who will become chief investment portfolio manager at ATP, a spokesman said in an e-mail. Mr. Lorenzen was head of cross asset volatility.
At Danica Pension, Mr. Svennesen will develop the firm’s investment department and its continued focus on direct investments. He will lead the firm’s planned investment of more than 10 billion Danish kroner in “solid” Danish and foreign companies, according to a news release by the firm.