People moves: Denmark’s Velliv names chief financial officer

Velliv – Jacob Carlsen has been appointed by the Danish pension provider as its new chief financial officer and member of the executive board, with effect from 1 March 2026.

He is currently director of PFA’s actuarial and accounting department, having held senior roles at PFA – Denmark’s biggest pensions firm – since 2002. Carlsen is replacing PFA’s current CFO, Gitte Aggerholm, who Velliv said had resigned in connection with Carlsen’s appointment.

Commenting on Carlsen’s appointment, Velliv’s CEO Kim Kehlet Johansen said Velliv was facing a new strategic period “with ambitious goals for our customer community”. For that reason, he said, the firm had adapted and renewed the management team to reflect the skills and needs that best supported its strategic goals and Velliv’s future development. 

At the beginning of September, Velliv replaced its chief commercial officer of 11 years, Morten Møller, with Søren Herrestrup Husted, who had been director of sales and consulting, with Kehlet Johansen also citing the company’s new strategy period as a motivation for that staffing change.

Møller served as acting CEO in 2023 during the management crisis following the firing of CEO Steen Michael Erichsen, ahead of Kehlet Johansen’s arrival from ATP to lead the firm.

Schroders – The asset management company has appointed Dan Morris as head of investment. This strategic role will drive innovation, building on the firm’s existing market-leading capabilities to support the delivery of bespoke client solutions across public markets at scale, it said.

Morris, who has previously worked at Schroders, will return to the firm reporting to Johanna Kyrklund, group chief investment officer. He brings a wealth of experience across quantitative investing, client-focused solutions and the development of scalable technology platforms at leading global firms, most recently as CIO, systematic investments, at Allspring Global Investments.

In his new role at Schroders, Morris will bring together many of the firm’s strengths in active management, including strategic modelling, asset allocation, derivatives, quantitative techniques and sustainable investment. Utilising technology such as AI, he will play a critical role in transforming how we scale the delivery of these capabilities into bespoke client solutions through our operating and technology platform.

Investment Association (IA) – Chris Cummings, chief executive officer of the association, will be stepping down from his role in June 2026 following 10 years in the post.

Ann Prendergast, chair of the IA board, and executive vice president and head of EMEA at State Street Investment Management, said that under Cummings’ leadership, “the IA has navigated the industry through a period of substantial change, including Brexit and the global pandemic”.

She added that Cummings had “successfully championed the role of industry in driving economic growth and leading the way in innovation, while staying true to its central purpose of serving clients. I know all in the industry will wish him all the best for the future”.

The association said that recruitment for a new CEO will begin imminently.

PGB – The Dutch multi-sector pension fund has appointed Hans Veltkamp as its new president.

The fund had been looking for a replacement for Jochem Dijckmeester, who joined regulator DNB as head of supervision last year, for one year.

Veltkamp, who will start in his new role on 1 January 2026, is currently president of hospitality sector scheme Horeca & Catering. He has more than 30 years of experience in the pension sector.

The new president will spearhead PGB’s transition to the new defined contribution-based pension system, foreseen for 1 January 2027.

Pension Insurance Corporation (PIC) – The UK specialist insurer of defined benefit pension funds has named Dom Veney, its CFO, as PIC’s interim CEO.

Veney will assume the role on the retirement of Tracy Blackwell, from 31 December 2025.

The board of directors began a formal search for a permanent CEO in February 2025, following Blackwell’s announcement of her intention to retire. This process, in which the board is considering both internal and external candidates, was extended to accommodate the acquisition of PIC by Athora.

Veney joined PIC in April 2018 as chief actuary and has served as CFO since October 2021. He has significant expertise, with nearly 30 years of experience in the UK life insurance industry, including as a partner at PwC, where he led the UK Life Actuarial Practice. His proven track record at PIC, particularly in leading large teams and navigating complex regulatory and market environments, will mean strong, stable leadership during this period of transition.

TPT Retirement Solutions – The UK-based workplace pension scheme provider has named Katherine Lynas as head of consultant relations.

Reporting into Nicholas Clapp, TPT’s commercial director, Lynas will take the lead on sharpening and promoting TPT’s proposition in the market. A central part of her brief will be to identify and build relationships with employee benefit consultants across the full spectrum of consolidation vehicles TPT offers.

In this role, Lynas will work closely with the wider business development team to shape a joined-up sales strategy and help build a strong business pipeline built on deep relationships with key pensions professionals.

Lynas brings more than two decades of experience in the pensions and institutional investment industry. She has held a range of senior roles across marketing, business development and client solutions at leading global firms, most recently serving as a senior consultant at Punter Southall Group. Prior to that, she held senior roles at SEI, and XPS Pensions Group.

Zedra – Aoife Habben has been named chief people officer for Zedra.

She joins the firm with more than two decades of experience in dynamic, high-growth environments, having held senior HR leadership roles at Amazon, GE, and most recently at a private equity-backed fintech firm. “Renowned for her strategic clarity, commercial acumen, and collaborative leadership style, she has a proven track record of building and nurturing high-performing teams,” Zedra stated.

With the business continuing to expand at pace globally, Zedra said Habbn joins at a pivotal time and will be instrumental in driving forward the people agenda in line with further growth ambitions. Currently based in London, she will be relocating to Zedra’s Jersey office in early 2026.

AP3 – Jonas Ranneby has been hired by the Swedish national pensions buffer fund AP3 to the position of senior portfolio manager interest rates and currency, the fund has announced.

Ranneby comes to AP3 from another Stockholm-based national pensions buffer fund, AP4, where he worked as senior portfolio manager for seven and half years. Before that, he worked for Alfred Berg and SEB.

Fredrik Starenius has also been recruited by AP3 as equity manager execution, coming to AP3 from the other Stockholm-based buffer fund, AP1.

AP3 and AP4 are currently in the process of expansion as they are dividing AP1’s assets between them, with the latter fund slated for liquidation at the end of this year as part of a buffer capital system reform. Starenius has worked at AP1 for 18 years, most recently as a foreign exchange, equity and derivatives trader.

AP3 also announced it has hired Patrik Andersson, from Clara Financial Consulting, as a senior employee in its business control/back office department, and Terese Larsson as system and database developer. Larsson was most recently employed by Swedish municipal sector financing organisation Kommuninvest.

Pension Protection Fund (PPF) – David Sproul has been appointed to the UK’s lifeboat pension fund board.

A chartered accountant by background, Sproul brings more than 30 years of experience in leadership roles across the financial and professional services sector, with a strong consumer and service focus. He brings strong expertise in strategy, risk management, audit and organisational transformation, along with a belief in the impact of an open, inclusive culture.

He previously served as global deputy CEO of Deloitte, following eight years as CEO and senior partner of Deloitte UK and North West Europe, where he led the organisation’s globalisation and transformation initiatives. Sproul is currently chair of Pennon Group and Starling Bank, a non-executive director of Safanad, chair of the board of governors at the University of Hertfordshire, and a senior adviser to Bridgepoint Group.

Alternative Credit Council (ACC) – The global representative body for private credit fund managers has announced the appointment of new co-chairs: John Golden, global head of financial regulation at Apollo, and Cécile Mayer Lévi, head of private debt at Tikehau Capital.

Golden and Mayer Lévi assume leadership of the ACC from Deborah Zurkow, former global head of investments at Allianz Global Investors, who has chaired the ACC since January 2023.

ACC, which is an affiliate of the Alternative Investment Management Association (AIMA), represents 250 members that manage over $2trn of private credit assets across corporate lending, ABL, infrastructure and real estate debt strategies.

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