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

Van Oord details French offshore wind work

first_img“By taking on this offshore wind project, we are also contributing to the EU-wide renewable energy target of 32% by 2030.” Construction on the subsea drilling template has already started and is scheduled to be delivered in the fourth quarter of the year. “The Saint-Brieuc project will be our first offshore wind project in France and I’m proud of our involvement. Especially since we are delighted to have the opportunity to work with Iberdrola again,” said Pieter van Oord, CEO Van Oord. The Spanish consortium of Navantia and Windar Renovables will manufacture and deliver the jacket foundations for the project. In April, Van Oord revealed it had signed a preparatory works agreement with Iberdrola for the installation of 62 jacket foundations at the 496 MW wind farm. Saint-Brieuc will comprise 62 Siemens Gamesa 8 MW turbines installed 16km off the coast of Brittany. Van Oord is set to start its offshore operations at the French Saint-Brieuc offshore wind farm in 2021 with the installation of pin piles. The Dutch company will use its installation vessel Aeolus, which will in 2022 be assisted by a second vessel to install the jackets foundations. The 496 MW offshore wind farm is expected to be fully commissioned in 2023.last_img read more