Top Bank Strategist Joins Danish Pension

(February 10, 2014) — The chief equity strategist at the markets unit of Scandinavian institution Danske Bank is to join one of Denmark’s largest pension funds, aiCIO can reveal.

Morten Kongshaug will join Industriens Pension, the fund for construction, metal, and other blue collar workers, as tactical asset allocation portfolio manager and investment strategist.

The move comes as the previous head of equities and alternatives, Henrik Nøhr Poulsen, has been promoted to the role of head of investments, after 12 years with the fund.

“Morten is one of the highest ranked strategists in the Danish investment community and we are very excited to have him joining our team,” Poulsen told aiCIO.

Kongshaug is well-known in the Danish market and has been a frequent media commentator on local markets.

Industriens has €15 billion in assets and is a young, growing fund. It has been one of the most active investors in renewable energy plants and infrastructure in Europe, and has plans to increase its real asset allocation. It has been nominated and shortlisted to aiCIO’s second annual European Innovation Awards.

The pension was also part of a consortium of six Danish funds to withdraw from the United Nations’ Principles of Responsible Investment in December, citing internal governance issues within the organisation.

For an in depth interview with Henrik Nøhr Poulsen, pick up the upcoming edition of aiCIO.

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