Keva, PensionDanmark, Norwegian Association of Pension Funds, AP4, Future Fund, BNP Paribas, BlueBay, SPF Beheer, A&O Services, ASR, Comgest, Institutional Money Market Funds Association, Investment Association
Keva – Tapani Hellstén, deputy chief executive at the Finnish pension fund, is to take over the duties of chief executive until further notice. This follows the sudden resignation of chief executive Jukka Männistö, which the board accepted on 8 October. Keva’s board is set to discuss the schedule for appointing a new permanent chief executive at its next meeting on 29 October. Keva said Männistö’s resignation was due to a “crisis of confidence” between him and the management board.
PensionDanmark – Søren Ulslev has decided to leave PensionDanmark, where he has been director of real estate, to look for new challenges, the pension fund said. He is finishing work at the labour-market pension fund at the end of October. He will be replaced temporarily by deputy director Karsten Withington Brink, who will lead the property team until a successor to Ulslev takes over.
Norwegian Association of Pension Funds (Pensjonskasseforeningen) – Espen Kløw has been appointed secretary general and will take up his new role in January 2016. He will replace the current secretary general Rolf Skomsvold.
AP4 – The Swedish buffer fund has lost its head of global equities to Australia’s AUD118bn (€73.2bn) sovereign fund. Björn Kvarnskog joined AP4 in 2008 and in June took a sabbatical from his role to complete a degree in business administration. He will move to Melbourne in 2016 and become head of equities at the Future Fund. The Future Fund’s CIO Raphael Arndt said Sarah Carne, director of equities, would continue as interim head of equities until Kvarnskog’s arrival.
BNP Paribas – Frédéric Janbon is to replace Philippe Marchessaux as chief executive at BNP Paribas Investment Partners. Marchessaux, who oversaw the integration of ABN Amro Asset Management and the investment management business of Fortis into BNP Paribas, is to remain with the company in an as-yet-unannounced role. Meanwhile, BNP Paribas Corporate & Institutional Banking has named Wike Groenenberg as global head of Emerging Market Strategy. She previously worked as head of strategy on the Emerging Markets Macro Fund at BlueBay Asset Management. Before then, Groenenberg worked at Citigroup in London.
SPF Beheer – Martin Mos has started as director of finance and risk management at SPF Beheer, the asset manager and pensions provider for the Dutch railways pension fund SPF and the public transport scheme SPOV. Mos was chief executive at A&O Services, the pensions provider for the Dutch finishing and maintenance sector. Mos succeeds Saskia Slijboom, appointed chief financial and risk officer at insurer ASR.
Comgest – Vincent Strauss is to retire from his executive and portfolio management roles to join the Supervisory Committee of Comgest Global Investors in 2016. Strauss will hand over the role of chief executive to Arnaud Cosserat, effective 1 March 2016. Cosserat joined Comgest in 1996 as a European equity portfolio manager and has more than 27 years’ industry experience. He was appointed CIO in January.
Institutional Money Market Funds Association – Jane Lowe has been appointed secretary general, replacing Susan Hindle-Barone. For 11 years up until 2013, she served as a senior director at the UK Investment Association (formerly known as the Investment Management Association) in a variety of roles.