Danish media have reported that Anders Svennesen is leaving ATP to take over the investment director role at Danica Pension previously held by Peter Lindegaard, who left in August.
Svennesen is still listed on ATP’s website as responsible for investment allocation across ATP’s five risk classes. ATP’s investment department is responsible for some DKK650bn (€87bn) of assets.
ATP has some 4.8 million members, making it the biggest supplementary pension scheme in Denmark.
Danica Pension claims some 600,000 customers, with total pension funds of DKK324bn and annual contributions of some DKK25bn (€3.4bn). The business, which is wholly owned by Danske Bank Group, has ten regional offices in Denmark, and subsidiaries in Norway and Sweden.
Lindegaard spent five years in his previous role with the pension provider, but in August was reported in Børsen stating that Danica was seeking to implement a new investment strategy.