ATP, Denmark’s biggest pension fund, has hired Christian
Hyldahl as its new CEO from Nordea Asset Management.
Hyldahl will assume his new role on January 1, the pension
fund said in a statement. He succeeds Carsten
Stendevad, who announced his departure in August.
“Christian Hyldahl is a skilled and respected finance
professional and has in-depth knowledge of the financial sector,” said Jørgen
Søndergaard, chairman of ATP’s board. “He is characterized as a leader of high
integrity and great judgement.”
Hyldahl is currently CEO of Nordea Asset Management, a €189
billion ($206 billion) asset manager with offices throughout the Nordics and
Northern Europe, and was previously the group’s CIO and head of investments. He
has a master’s degree in mathematical statistics and operations research from
the Technical University of Denmark.
“Our priority has been to recruit a new CEO who can head ATP
at a time when all institutional investors are facing the challenge of creating
returns on investments,” Søndergaard added.
“As the pensions provider for all of Denmark and
administrator of social benefits for almost all Danes, ATP plays an important
role in the Danish society,” Hyldahl said. “The responsibility of ATP has a huge
impact on a lot of people’s lives. I look forward to becoming part of ATP and
look forward very much to contributing to the work ahead.”
ATP has also gained a new CIO this year, following the
departure of Henrik
Gade Jepsen to Danske Bank in June. Kaspar Arndt Lorenzen, previously head
of liquid markets at the DKK 806 billion ($118 billion) pension, replaced him.
Loses Chief Executive & CIO
Henrik Gade Jepsen Exits ATP