Danish pension provider Velliv is set to unveil details of the new investment strategy it is currently putting in place once it has installed a replacement for the chief investment officer who it dismissed last week.
Velliv, the DKK270bn (€36.2bn) mutual pensions firm, announced last week that Anders Stensbøl Christiansen resigned as CIO of Velliv, and was being replaced temporarily by deputy CIO Thor Schultz Christensen.
Velliv said Schultz Christensen would handle day-to-day investment management “in close dialogue with CEO Kim Kehlet Johansen”.
Explaining the sudden departure of Stensbøl Christiansen, who has been CIO at the firm since July 2017 when it was still called Nordea Life & Pension, Kehlet Johansen said: “We are implementing a new and clear strategy in the investment area, which has already proven itself in recent months with strong returns for customers.
“In connection with the strategy work, I have come to the conclusion that Velliv needs new eyes and other skills in the investment area,” he said.
Kehlet Johansen was chief risk officer at Danish statutory pension fund ATP until he was poached by Velliv as the permanent replacement for Steen Michael Erichsen, the CEO it lost in 2023 after the board disapproved of a private investment decision he made. He started work as Velliv’s CIO in March this year.
Asked by IPE for information about the new investment strategy, a spokesman for Velliv said: “We have decided to wait with announcing further details about our new investment strategy until a new CIO has taken office.”
Velliv said it thanked Stensbøl Christiansen “for his efforts and contribution to developing Velliv”.
The firm has said a new CIO would be introduced as soon as possible.
Read the digital edition of IPE’s latest magazine
No comments yet