Industriens Pension – The Danish labour-market pension fund has found a replacement for its outgoing CIO, appointing Karsten Kjellerup Kjeldsen to take overall charge of investment in the role, with effect from April 2016. Kjellerup Kjeldsen will come to the DKK139bn (€18.6bn) pension fund from the role of head of liability-driven investments and head of advisory and trading at Nordea Life & Pensions.
AP Pension – Denmark’s DKK103bn (€13.8bn) mutually owned pensions provider is expanding its investment team for alternatives to meet greater staffing needs for its current property investment activity, as well as future plans. Peter Olsson, previously AP Pension’s head of property investments, has now been promoted to the position of managing director of the pension fund’s property unit, AP Ejendomme.
Aon Hewitt – Yvan Legris has stepped down from his role as global chief executive of Aon Hewitt’s consulting business at the end of December 2015. He will continue to help with client and leadership transitions until the end of June. Legris’s responsibilities are being assumed by other existing senior leaders. Cary Grace will lead the Retirement & Investment group on a global basis, while Michael Burke will lead the Talent, Rewards and Performance group. While Legris says he has no immediate plans for the future, his long-term ambition is to “contribute to the leadership of a global humanitarian organisation”.
Philips – Jan Hoogeveen has been appointed as global head of the pension funds of Philips Lighting. He will be responsible for the company’s pension schemes in 40 countries, with total assets of €27bn, including the €17bn pension fund in the Netherlands. Hoogeveen’s role is a new position following the division of Philips into companies for lighting and healthcare. He arrives from Nordic energy company Vattenfall, where he has been director of compensations and benefits. Before then, he was global employee benefits manager at Swedish packaging firm Tetrapak.
MP Pension – Egon Kristensen has been chosen as chairman of the supervisory board of Denmark’s MP Pension, the pension fund for Danish M.A.s, M.Sc.s and PhDs, which is currently administered by Unipension. He began his duties this week following the selection of the new board in December. He has been a member of the board for the last three years, and works as a grammar school teacher at Ikast-Brande Gymnasium. Separately, Lis Skovbjerg has been selected as deputy chairman of the supervisory board, having been on the MP Pension board since 2013 as a member with particular technical expertise. She holds several other board positions in Denmark’s financial sector and was previously a director of Sampension.
Hymans Robertson – David Walker is to succeed Linda Selman as head of LGPS Investments, assuming overall responsibility for LGPS investment policy and advice, as well as the development of services for Hymans Robertson’s LGPS investment clients. William Marshall will become head of LGPS Investment Clients. Selman is planning to retire.
Capital Cranfield Trustees – Tony Filbin has been appointed chairman of the board, replacing Bob Bridges, who has been chairman for the past three years. Bridges will continue his role as a trustee board member to a number of pension schemes. Filbin has been a non-executive director with Capital Cranfield since 2014. He was previously managing director for workplace pensions at Legal & General.
State Street Global Advisors – Philippe Roset has been appointed head of SPDR ETFs for the Netherlands. Prior to joining State Street, Roset spent three years as head of Benelux for ETF Securities. He was also previously vice-president for Benelux business development and capital markets team associate at iShares.