People move: AMF manager joins as chairman of Sverigeförsäkring | News
Insurance Sweden – Johan SidenmarkCEO of Sweden’s second largest commercial pension fund AMFhas been appointed chairman of the trade association’s supervisory board Insurance Sweden (Swedish Insurance).
The lobby group said he took over from the former chairman Fredrik Bergstrsore on Monday, where Bergström left the role, as he left his job as CEO of Länsförsäcircles. A new chairman will be elected at the association’s annual general meeting on May 12, it was stated.
PFZW – Dirk Schoenmaker has joined PFZW as a board member this week. He will also chair the Fund’s Investment Committee. Schoenmaker replaces board member Age Hillswhose term of office expired.
Schoenmaker is a professor of finance at Rotterdam School of Management and also Head of the Erasmus Platform for Sustainable Value Creation at Erasmus University. Previously, he was Director of European Affairs, Competition and Consumer Policy at the Ministry of Economic Affairs and Deputy Director of Financial Markets at the Ministry of Finance.
Henny Kapteijn became a member of PFZW’s board on 1 January. Kapteijn is an independent supervisor, board member and board advisor. She currently holds board and supervisory positions at the PGB and Shell pension funds, at Achmea IM and the European Money Markets Institute in Brussels.
PFZW announced this week that it would dump fossil fuel companies that have not developed a “convincing and verifiable” strategy to adapt to the 1.5 ° C target in the Paris climate agreement. Companies have two years to do so.
Finnfund – Johanna Raehalme has been appointed head of Finnfunds first regional office in Africa, which is being established in Nairobi, Kenya. The Finnish development financier and power investor, which is 95.7% owned by the Finnish state, said the opening of the new office would strengthen its updated strategic goals, which emphasized Africa, with half of the fund’s future investments to be made on that continent.
Raehalme said that Nairobi was a natural place for the new base, with many of Finnfund’s existing companies invested in as well as co-financiers based in the region. “We also see many new opportunities in East Africa, and having a local presence greatly supports the implementation of new investments,” she told IPE.
Cambridge Associates – The global investment firm has made four senior appointments across Europe: Stefan Lummert as investment manager; Nick Rees as investment manager; Devon Zimmerling as Investment Director; and Sarah Acheson as Investment Director.
Lummert will be based in Munich where he will report to Alex Koriath, Head of European Pensions and Regional Director of Germany. Lummert will manage client investment portfolios with an emphasis on infrastructure, private credit and private equity. Having worked with institutional investors in the DACH region for over two decades, with roles at JP Morgan Asset Management and Allianz, he will play a significant role in strengthening the company’s capabilities in the region.
Rees joined the company in London where he will help European private clients navigate among private assets to realize their investment goals. His expertise in ESG, alternative investment and structuring will be crucial to support the growing demand for sustainable and impact investment services.
In addition, Zimmerling and Acheson have been appointed Investment Directors for the European retail client business. Based in London, both will support Cambridge Associates’ private investment teams due to the growing demand for LP for these strategies. Zimmerling rejoins the company after working with venture capital, while Acheson has moved from the company’s real assets team.
Kempen Capital Management – The company further strengthens its UK management team by appointing Iain Brown as head of strategic clients’ fiduciary management UK from April 2022.
In his role at Kempen, Brown will work with major UK defined benefit schemes and take the lead in introducing asset class specific solutions for major UK institutional prospects, which Kempen has already achieved in the Netherlands.
Brown was a former EMEIA pension and pension manager and UK pension partner EY where he built up the company’s pension consulting business and was one of the founders of EY’s evaluation team for OCIO / trust managers. He advised managers, corporations and governments, including some of the world’s largest pension funds, on governance, OCIO / management, financial and operational risk management, financing policies and investment strategies.
In addition, Nikesh Patel has been promoted to Head of Client Solutions in the UK. He will report to Wilse Graveland, Head of Fiduciary Management and Institutional Solutions. Patel is based in London and will have overall responsibility for Kempen’s UK fiduciary management bill and customer solutions. He was previously Head of Investment Strategy for Kempen in the UK.
Alastair Greenlees and Arif Saad will be co-heads of the UK’s investment strategy, with a primary reporting line to Michel Iglesias del Sol, chief investment strategist at Van Lanschot Kempen. Daniel Riddaway will be part of the UK portfolio management team as senior portfolio manager in February 2022. He was previously part of the fiduciary management team at Charles Stanley.
Man Group – Man GroupMan Global Private Markets (Man GPM) has hired Matthew Moniot and Jonathan Imundo as co-heads for credit risk sharing. Both connect from alternative credit manager Elanus Capital Management and will report to Eric Burl, head of Man GPM.
Moniot will be responsible for managing Man GPM’s new CRS strategy and team, including portfolio management and call origination.
Imundo will continue to spend the majority of its time on the existing Elanus business, maintaining its role as CEO and Head of Customer Solutions at Elanus with primary responsibility for successful ongoing management and return of capital to existing Elanus investors. In his role as Man GPM, he will focus on business development, working with Man Group’s sales team and customers on new CRS solutions.
The asset class credit risk sharing is growing into a significant market. The institutional pension investors Alecta and PGGM have made 10 co-investments in credit risk since they started a collaboration on this in May 2020.
Barnett Waddingham – The British company has appointed Mark Parry as head of management research to strengthen the continued development of its investment consulting team. Parry has more than 20 years of experience in the industry, having held several senior roles. Before taking a break from his career to raise his young family, Parry was a senior investment manager Aberdeen Asset Management.
The company said it would continue to recruit a significant number of talented people in all business areas and offices over the next 12 months to support increased customer demand.
PKZH – The pension fund in the city of Zurich has chosen Melanie Gajowski as the new chairman of its board of trustees, which replaces the city council Daniel Leupi who announced his resignation on 8 February.
Leupi will continue to be a member of the board as a regular member in order to avoid potential conflicts of interest between the roles on the board, as head of the finance department and in the municipal council.
Gajowski held various positions at Deutsche Bank and UBS. She has been partly self-employed as an economist and ethicist since 2013 and consulted on regenerative economic and financial systems.
Credit Suisse Pensionskasse – The pension fund for the Swiss bank has appointed Joachim Oechslin as the new chairman of the board, succeeds
Philip Hess.
Oechslin has been an employer representative on the Board of Trustees since April last year. Credit Suisse’s Executive Board has named Ina Hasdenteufel and Claude Täschler as new members of the Board of Trustees as employer representatives.
Hasdenteufel succeeds Hess, while Täschler replaces him Christian Machate. Hess was head of the board for more than 20 years. Machate sat on the board for almost 14 years.
Pemberton – The alternative credit specialist has named Olivier Renault as a portfolio manager and head of risk-sharing strategy. This new strategy for Pembertons will invest in junior tranches of loan portfolios created and serviced by banks.
Before joining Pemberton, Renault spent more than 10 years on Citigroup, most recently as global co-head of Financial Institutions Group (FIG) solutions. He also started the structuring and advisory business at Stormharbour, which led to it becoming one of the leading structuring platforms outside the banks in Europe.
BlueMark – Paige Nicol has been appointed Director of Europe, a newly created role, at the provider of power verification services.
Nicol has held several leadership roles in power investing, philanthropy and professional services throughout his career. She was most recently head of strategy & insights at Lumineraa philanthropic organization founded by Pierre and Pam Omidyar and before that she was the head of the intellectual capital team at Omidyar Network.
Natixis Investment Managers – Mabrouk Chetouane has been appointed Head of Global Market Strategy, Solutions, International, a role in which he will lead and lead the Global Market Strategy Team responsible for developing the internal macroeconomic, asset allocation and investment perspectives of Natixis IM Solutions.
Based in Paris, Chetouane joins from BFT Investment Managers, where he was head of research and strategy. Prior to that, he was at IHS Global Insight as a chief economist and he previously also spent six years at the Banque de France.