News in brief: 4 December

- Insurance and Pension Denmark has reshuffled its organisation to be split into two main areas.

With effect from 3 December 2020, the association will have an area focused on its members, consisting of five departments including IT and digitisation. Its second area of interest management will consist of four policy departments and an analysis department.

“In executing our strategy 2025, we have decided that we will stand on two legs. We will be more efficient in our interest management and we will develop member services and industry solutions with high value for our members,” Insurance and Pension Denmark CEO, Kent Damsgaard, said.

- BNY Mellon (The European Bank) has opened a new branch in Copenhagen, Denmark, to support existing and prospective clients.

European Bank CEO, Leonique van Houwelingen, said: “We have been conducting business in this region for more than a century and the opening of our newest European Bank branch is yet another step in our ambitious international growth strategy.

“Our partnerships in Denmark and the wider Nordics are deep and enduring and we have the breadth of experience and the technological infrastructure to meet the needs of large, sophisticated pension schemes and other asset owners and managers in the region.”

- First Sentier Investors (FSI) has concluded the series one fundraising for the European Diversified Infrastructure Fund III (EDIF III), with over €2.2bn in fund commitments and a further approximately €1.2bn of potential co-investment commitments received from 36 leading global institutional investors.

Investors who are already invested in EDIF III’s predecessor funds (EDIF I & II) represent 60 per cent of commitments to EDIF III. More than 80 per cent of underlying EDIF III investors are European institutional investors, with further commitments from Asian, Australian and North American institutional investors.

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