ATP, Danish Investment Funds Association, UK Treasury, Department for Work & Pensions, Jim O’Neill, Ros Altmann

ATP – ATP’s head of press, pensions and investment, Anders Klinkby Madsen, is moving to the Danish Investment Funds Association (Investeringsfondsbranchen or IFB) to lead the industry body as chief executive from 1 August. The association said that, with the appointment, it was expanding its management in response to growth in the organisation, as well as an increase in the demands placed on it over the last 10-15 years. The IFB’s current director Jens Jørgen Holm Møller will continue in his role alongside Klinkby, focusing particularly on the technical aspects of work within the sector and continuing to represent Denmark within a Nordic, as well as an international, context, the organisation said.

UK Treasury – Former Goldman Sachs chief economist Jim O’Neill has been appointed commercial secretary at the UK Treasury by re-elected Conservative prime minister David Cameron. He will also be given a life peerage. Chancellor of the exchequer George Osborne, outlining his plans to boost economic activity in the North of England, has said O’Neill will work on devolving power from government, delivering big infrastructure investments and links to emerging economies. 

UK Department for Work & Pensions – In UK government appointments following last week’s Conservative victory in the general election, Iain Duncan Smith has been re-appointed as secretary of state for work and pensions, while Lord Freud, a Conservative member of the House of Lords, is to continue as minister for welfare reform. Priti Patel has been appointed minister for employment. She was exchequer secretary to the Treasury from July 2014 to May 2015. Ros Altmann, a high-profile independent analyst and commentator on pensions, has become the new minister for pensions, replacing Liberal Democrat Steve Webb, who lost his seat in the election. Altmann is to be given a life peerage. Justin Tomlinson has been given the role of minister for disabled people.

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