Denmark’s PFA lures Industriens CIO to co-head new investment team

first_imgPFA Pension, Denmark’s largest commercial pension fund, has put a new asset management team in place following the loss of its joint heads of the division to Danica earlier this year, poaching Henrik Nøhr Poulsen from his job as CIO at Industriens Pension.PFA Pension, which manages assets of DKK552bn (€74n), said it appointed Nøhr Poulsen as one of the three directors of its subsidiary PFA Asset Management.He will take up the post on 1 December.The other two directors of the three-man management team will be Christian Lindstrøm Lage and Rasmus Bessing, who are already in their roles as directors. In the new management team, Nøhr Poulsen will be in charge of equities and alternative investments, while Lindstrøm will be responsible for fixed income and credit, and Bessing for back and middle office.Henrik Henriksen, PFA’s chief strategist – who has been acting as the third director of PFA Asset Management alongside Lindstrøm Lage and Bessing recently – will continue is his role as part of the leadership team in PFA’s investment and risk business area, with particular responsibility for investment strategy, client mandates and communication.In May, Danica announced that it hired the joint managing directors of PFA Asset Management Poul Kobberup and Jesper Langmack.Danica said at the time the appointments were part of the new investment strategy conceived by its CFO Jacob Aarup-Andersen and approved a year ago.Following that announcement, PFA said its group director Anders Damgaard would take over the daily management of PFA Asset Management.Once the three permanent directors are in place, Damgaard will continue to have overall responsibility for PFA’s investment strategy, including PFA Asset Management’s activities.Anders Damgaard said: “It is a pleasure to be able to say we now have a strengthened and forward-looking team in place in PFA Asset Management.”He said PFA had taken the current team as the basis for identifying those areas that would be strengthened further.No one at PFA was immediately available to say which these areas were.Damgaard Jensen said the new leadership at the asset management division was built on the strong investment team it already has, and that some new faces would be joining this team.Erik Hallarth is coming to PFA as chief portfolio manager, while Henrik Nordestgaard – who has been a director at Barclays Capital in London for the last few years – will join PFA Asset Management shortly.Hallarth was previously CIO at Denmark’s AP Pension.last_img read more

Wanted: 612 para-teachers to assist Antique students

first_img“The para-teachers will be the ones who will assist children in going through their modules at their homes,” she said on July 23. The initiative will be implemented in partnership with the Department of Education (DepEd) Division of Antique through the Tulong Panghanapbuhay Para sa Ating Disadvantaged/Displaced Workers-Government Internship Program for four months starting August 17, according to DOLE provincial director Melisa Navarra. SAN JOSE, Antique – The Department of Labor and Employment (DOLE) provincial office will hire 612 para-teachers who will assist learners in classes which will begin on Aug. 24. Para-teachers are expected to fill in the gap and provide the much-needed assistance to learners for them to cope with the new learning modality. Each of the 590 barangays in this province will be assigned with one para-teacher each while the other 22 will report in the district offices of DepEd.“Education graduates or those with Information Communication Technology knowledge who are still unemployed may apply as para-teachers. They can come to the DOLE provincial office in San Jose town as walk-in applicants or they can put their documents on the dropbox placed in front of the office,” said Navarra.Those interested may also coordinate with the Public Employment Service Office (PESO) in their respective municipalities.“The para-teachers will be receiving a daily salary of P395. Their payday is every 15th and 30th of the month,” she said.According to Navarra, the project was the initiative of Antique lone district representative Loren Legarda, chairperson of the House Sub-Committee on the New Normal.Legarda, in her July 20 statement, said para-teachers will be required to attend capability-building activities such as mentoring and coaching by DepEd-Antique so that they could perform their duties and functions well. (With a report from PNA/PN)last_img read more