DENMARK - Pensions administration company Unipension has hired Nordea Invest's current chief executive Cristina Lage as its new managing director.

Lage will join Unipension - which manages three professional collective pension funds  with joint assets of around DKK80bn (€10.7bn) - on 1 September, taking over from retiring director Erik Adolphsen.

The firm said that with the experience she has gained at Nordea Invest, Nordea Life & Pensions as well as at the Danish parliament, Lage has the best prerequisites to safeguard pension fund members' interests.
Erik Bisgaard Madsen, chairman of Unipension's executive committee, said: "We are very pleased that Cristina Lage said yes to taking the helm to work at joint administration company Unipension. She has exactly the combination of professional and human qualities that we think are necessary to be able to manage the task of continuing to develop Unipension."

Lage said she was looking forward to meeting people at the organigisation and getting on with the job.

"From my time at Nordea I have followed Unipension from the sidelines, and I have not been able to ignore the positive development that has happened with new products and great investment returns, and other things," she said.

"I am now pleased to continue the work that has already been done, alongside all the staff," she said.

Lage will start at Unipension in September, with current director Adolphsen retiring from his post around the beginning of October.

Unipension has 85 staff and is the joint adminstration company for the Architects' Pension Fund (AP), the Pension Fund for Danish MAs, MScs and PhDs (MP) and the Pension Fund for Agricultural Academics and Veterinary Surgeons (PJD).