Kim Kehlet Johansen was named CEO of Danish pension fund Velliv, Ballerup, a spokesman confirmed.
Mr. Kehlet Johansen will replace Steen Michael Erichsen, who was dismissed in May. He is expected to start on March 1.
The 330 billion Danish kroner ($48.5 billion) pension fund dismissed its previous CEO of 15 years after he made a private investment that violated company guidelines.
Mr. Erichsen was replaced by Chief Commercial Officer Morten Moller on an interim basis. Mr. Moller will continue in his role as CCO when Mr. Kehlet Johansen arrives at the fund.
Mr. Kehlet Johansen is chief risk officer at the 678 billion kroner pension fund ATP, Hilleroed, Denmark.
"Kim has managed to create business and drive results throughout his career among other places at SEB and most recently at ATP. As actuary and with a lifelong career in pension, he is professionally top shelf. Furthermore, he is a team player, who is able to both listen and make the necessary decisions in a way that inspire respect,"Anne Broeng, chairwomen of the board said in a new release Tuesday.
An ATP spokesman said the fund will now begin the search for Mr. Kehlet Johansen's replacement.