Denmark’s new crisis fund created to recapitalise large companies struggling with fallout from the COVID-19 outbreak has found its executive leader in Jens-Christian Stougaard, a former top manager at PensionDanmark.

Stougaard, who has been running his own consultancy HaNoLo Analytics for the last three years, has been appointed chief executive officer of the new Danish Recovery Fund (Danmarks Genopretningsfond), the DKK10bn (€1.3bn) equity investor of last resort which opened for investment applications a month ago.

Torben Möger Pedersen, the fund’s chair, said in an announcement: “I know Jens-Christian really well from our time together at PensionDanmark and am very pleased that he has said ‘yes please’ to the task of director.”

In a post on LinkedIn, Stougaard said he was “enormously proud to get this opportunity and of the confidence the board have shown me.”

The appointment took effect on Friday.

Until 2018, Stougaard worked for PensionDanmark for nearly 14 years, carrying the title of senior vice president business development, analysis, public affairs and CSR in the last four years of his employment.

As a consultant in the years following that, he has focused on business development and pensions, working inter alia for the European Commission’s DG Reform on retirement systems and pensions reforms in Ireland, Greece and Croatia.

Stougaard has also been a judge of the IPE Awards.

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