Board of Directors

As from 13 March 2019, the Board of Directors consists of the below members.

Torben Dalby Larsen - Chairman
Elected at the annual general meeting
 

Born: 1949

Joined PFA Holding’s and PFA Pension‘s Board of Directors: 1992

Current employment: Chairs the Board of Directors of PFA Holding A/S and PFA Pension, forsikringsaktieselskab

Previous employments:
1986-2018   Chief Editor, CEO, Sjællandske Medier A/S
1978-1985   Editor, Frederiksborg Amts Avis
1972-1978   Journalist, Frederiksborg Amts Avis

Education:
Journalist from the Danish School of Media and Journalism

 


   
Honorary posts:
Chairman:   
  • PFA Brug Livet Fonden
  • PFA-Fonden
Board member:
  • ATP
  • Liselundfondet
  • The Danish Employees’ Guarantee Fund (LG)

Member:
  • PFA Pension’s Remuneration Committee (chairman)
  • PFA Holding's Group Audit Committee
  • ATP’s Board of Representatives
  • PFA Pension's Audit Committee
  • Sparekassen Sjælland-Fyn A/S’ Board of Representatives

 


Photo by David Kahr
Lasse Grønbech - Vice-Chairman
Elected at the annual general meeting
 

Born: 1965

Joined PFA Holding’s and PFA Pension‘s Board of Directors: 2016

Current employment: CEO, Lasse Grønbech Holding ApS, Lasse Grønbech Power Electronics ApS

Previous employments:
2010-2016  Deputy Chairman, Danish Society of                    Engineers, IDA (honorary office)
1998-1999  R&D Manager, Inelco A/S
1994-1998  R&D Project Manager, Silcon Power                            Electronics ApS (Schneider Electric)

Education:
MSc in Engineering (Cand.polyt.) and Ph.D.
INSEAD Executive Board Programme

 


   
Honorary posts:
Member:
  • PFA Holding’s Group Audit Committee
  • The Danish Society of Engineers IDA’s Board of Representatives
  • PFA Pension’s Audit Committee

 


Photo by David Kahr
Niels-Ulrik Mousten - Vice-Chairman
Elected at the annual general meeting
 

Born: 1963

Joined PFA Holding’s and PFA Pension‘s Board of Directors: 2016

Current employment: CEO, Netsuom ApS

Previous employments:
2001-2016  CEO, Danske Capital (Danske Bank A/S)1999-2001  CEO, SEB Asset Management
                  (Denmark)
1990-1999  Head of Equities, Unibank Investment                      Management
1990-1990  Head of Investments, Baltika Finans
1984-1990  Head of Investments, BankInvest

Education:
Master of science in Economics and Business Administration
Chartered Financial Analyst (CFA)

 


   
Honorary posts:
Chairman:
  • FinPro ApS
  • Fondsmæglerselskabet CABA Capital A/S
  • Investeringsforeningen Nykredit Invest
  • Investeringsforeningen Nykredit Invest Engros
  • Investment Management Distribution ApS
  • Kapitalforeningen Nykredit Invest
  • Kapitalforeningen Nykredit Invest Engros
  • Mercurius International / Mercurius International Group, Dubai
  • Novaro ApS
  • Placeringsforeningen Nykredit Invest (kapitalforening)
Board member:
  • Advanced Cooling A/S
  • Advanced Cooling Investment A/S
  • Hovedstadens Liberale Erhvervsklub
  • PFA-Fonden
  • Retail Brands ApS
  • Wide Invest ApS
Member:
  • Advisory Board i Thylander Gruppen
  • Nordic Eye's Investment Committee
  • PFA Pension's Investment Committee
  • PFA Holding's Group Audit Committee (chairman)
  • PFA Pension's Audit Committee (chairman)
  • Senior policy advisor in InvestIn, SICAV-RAIF, Sub-Fund Nykredit Infrastructure, Luxembourg

 


Photo by David Kahr
Kim Graugaard
Elected at the annual general meeting
 

Born: 1961

Joined PFA Holding’s and PFA Pension‘s Board of Directors: 2019

Current employment: Acting Director General, Deputy Director General, the Confederation of Danish Industry

Previous employments:
2008-         Deputy Director General, the                                       Confederation of Danish Industry
1999-2008 Deputy Director General, member of the                   Board of Management with responsibility                        for conditions of employment,                                        collective agreements, working                                   environment, remuneration and                                   labour market policy, the                                             Confederation of Danish Industry
1995-1999  Assistant Director with responsibility for                          industrial policy analyses and the                                   regional associations of the                                        Confederation of Danish Industry,                                   the Confederation of Danish                                        Industry
1993-1995  Head of department with responsibility                         for business economics and industrial                         relations, the Confederation of Danish                         Industry
1987-1993  The Confederation of Danish Employers: 
                   Secretary in the International Secretariat
                   Secretary to the Director General
                   Head of the executive secretariat
                   Deputy head of the department for                              employment law and                                                  collective agreements

Education:
Master in Political Science

 


   
Honorary posts:
Board member:
  • ATP
  • The Confederation of Danish Employers
  • Industriens Pensionsforsikring A/S (vice-chairman)
  • Industriens Pension Service A/S (vice-chairman)
  • Industripension Holding A/S (vice-chairman)
Member:
  • PFA Pension’s Remuneration Committee
  • CEEMET's Directors Conference og General Assembly
  • ATP’s Board of Representatives
  • Teksam (chairman)

Other managerial posts:

  • Judge, the Danish Labour Court

       

 


Photo by David Kahr
Peder Hasslev
Elected at the annual general meeting
 

Born: 1963

Joined PFA Holding’s and PFA Pension‘s Board of Directors: 2017

Current employment: Managing Director, Saminvest (Sweden)

Previous employments:
2009-2016 Vice President/CIO, AMF
2007-2009 Head of Equities, AMF Pension
2002-2007 Head of Equities, SEB Asset Management
1998-2002 Head of Equity and Asset Management,                         Folksam Kapitalforvaltning
1995-1998 Sector Analyst, Pulp/Paper/Packaging,                           Deutsche Bank
1992-1995 Equity Analyst, H&P/SG Warburg
1990-1992 Equity Analyst, Danske Securities

Education:
Double degree, Bachelor of Commerce and Master of Philosophy in Political Science

 


   
Honorary posts:

Chairman:
  • Inlandsinnovation AB
  • Fourier Transform AB
Member:
  • PFA Pension’s Investment Committee (chairman)

 

Photo by David Kahr
Claus Oxfeldt
Elected at the annual general meeting
 

Born: 1962

Joined PFA Holding’s and PFA Pension‘s Board of Directors: 2018

Current employment: Union President, The Danish Police Union

Previous employments:
2007-2013 Chairman of the Copenhagen Police Association (Københavns Politiforening)

Education:

  • Upper secondary examination
  • Electrician
  • Police officer
  • Diploma in Management

 


   
Honorary posts:
Board member:
  • A/S Knudemosen
  • FH – Danish Trade Union Confederation’s Executive Committee
  • Lån & Spar Bank A/S (Vice Chairman)
    Lån & Spar Fond
  • Statstjenestemændenes Centralorganisation 10 (CO 10) (Vice Chairman)
  • Forbrugsforeningen af 1886
  • Stats- og Kommunalt Ansattes Forhandlingsfællesskab (SKAF)
Member:
  • Executive Committee in The Danish Officials’ Loan Association (Forretningsudvalget i Tjenestemændenes Låneforening)
  • Executive Committee in FH – Danish Trade Union Confederation
  • PFA Pension’s Investment Committee

 

Photo by David Kahr
Laurits Kruse Rønn
Elected at the annual general meeting
 

Born: 1963

Joined PFA Holding’s and PFA Pension‘s Board of Directors: 2012

Current employment: Director, the Danish Chamber of Commerce, Dansk Erhverv Arbejdsgiver, Dansk Erhvervs Administrationsselskab A/S

Previous employments:
1996-1998  The Confederation of Danish Employers (DA)

Education:
Lawyer

 


   
Honorary posts:
Chairman:
  • The Pension Association for Salaried Employees
Board member:
  • The Confederation of Danish Employers (DA)
  • Dansk Erhvervs Administrationsselskab A/S
Member:
  • PFA Pension’s Investment Committee

 


Photo by David Kahr
Mogens Steffensen
Elected at the annual general meeting
 

Born: 1970

Joined PFA Holding’s and PFA Pension‘s Board of Directors: 2018

Current employment: Professor and Head of Section for Insurance and Economics in the Department of Mathematical Sciences at the University of Copenhagen

Previous employments:
2004 - 2008   Associate Professor, Department of                            Mathematical Sciences, University of                            Copenhagen
2001 - 2004   Assistant Professor, Department                                 of Mathematical Sciences, University of                       Copenhagen

Education:

  • M.Sc. in Actuarial Mathematics
  • PhD in Actuarial Mathematics

 


   
Honorary posts:
Member:
  • The Danish FSA’s advisory accounting committee for insurance and pension (Finanstilsynets rådgivende regnskabsudvalg for forsikring og pension)
  • PFA Holding’s Group Audit Committee
  • The Accounting and Solvency Committee in The Danish Society of Actuaries
  • PFA Pension’s Audit Committee

 


Photo by David Kahr
Per Niels Tønnesen
Elected at the annual general meeting
 

Born: 1960

Joined PFA Holding’s and PFA Pension‘s Board of Directors: 2013

Current employment: Chairman, HK Handel

Previous employments:
1988-           Elected to the HK Union
1985-1988   HK
1980-1985   The transport sector

Education:  
Collective and individual labour and employment law
Management and IT
Forwarding agent

 


   
Honorary posts:
Board member:
  • FH – Danish Trade Union Confederation’s Executive Committee
  • The Pension Association for Salaried Employees (Vice Chairman)
  • HK Denmark's Executive Committee
  • Nordiske Komité
  • UNI Europa
  • UNI Europa Handel
  • UNI World
  • UNI World Handel
Member:
  • PFA Pension's Remuneration Committee
  • HK's Daily Management
  • HK's Executive Committee
  • Treasurer at Nordisk Handel

 


Photo by David Kahr
Helle Valentin
Elected at the annual general meeting
 

Born: 1967

Joined PFA Holding’s and PFA Pension‘s Board of Directors: 2017

Current employment: Managing Director & Global Account Partner, IBM Corporation

Previous employments:
2016-2018 Global COO, Watson Internet of
                  Things, IBM Corporation
2013-2016 COO, Strategy & Transformation, IBM                            DACH, Germany
2012-2012 Change Programme Executive, IBM                                Executive Services Corps, Morocco
2010-2013 COO, Global Technology Services, IBM                          Nordic
2009-2010 Operations Executive, Integrated                                   Accounts, IBM World Wide Sales &                              Distribution, Travel & Transportation
2006-2008 Integration Executive, Maersk Data                             Acquisition, IBM
2004-2006 COO, Software Group, IBM Nordic
2000-2004 Executive, Worldwide Strategy and                              E-Business, IBM Software Group, USA
1998-2000 Division Manager, Software Manufacturing,                   IBM EMEA & LA
1996-1998 Manager, Translations Support Services,                      IBM EMEA
1992-1996 Project Manager, Software Manufacturing,                    IBM EMEA
1990-1992 Sales Engineer, Caltronic

Education:
Engineer, the Technical University of Denmark

 


   
Honorary posts:
Board member:
  • IBM Danmark
  • Royal BAM Group nv
Member:
  • PFA Pension’s Remuneration Committee
  • Nomination Committee in Royal BAM Group nv
  • Remuneration Committee in Royal BAM Group nv

 

Fotograf: David Kahr
Carsten Bach
Elected by employees
 

Born: 1964

Joined PFA Holding’s and PFA Pension‘s Board of Directors: 2017

Current employment: Key Account Manager

Previous employments:
Employed with PFA since 1988

Education:  
The Danish Insurance Academy

 


   
Honorary posts:
No other honorary posts

 


Photo by David Kahr
Lars Christoffersen
Elected by employees
 

Born: 1972

Joined PFA Holding’s and PFA Pension‘s Board of Directors: 2003

Current employment: Representative of employee organisation, PFA Pension

Previous employments:
Employed with PFA since 1995

Education:
Relevant courses at the Danish Insurance Academy

 


   
Honorary posts:
Board member:
  • Forsikringsforbundet’s General Council
Member:
  • PFA Pension's Investment Committee

 

 


Photo by David Kahr
Carsten Holdum
Elected by employees
 

Born: 1967

Joined PFA Holding’s and PFA Pension‘s Board of Directors: 2017

Current employment: Consumer Economist and Head of Advice & Recommendations (Commercial Development)

Previous employments:
Employed with PFA since 2011

Education:

Master of Laws from Copenhagen University 1992 Graduate Diploma (HD/F) from Copenhagen Business School 2004

 


   
Honorary posts:

Member:

  • PFA Holding's Group Audit Committee
  • PFA Pension's Audit Committee


Photo by David Kahr
Janne Korsgaard
Elected by employees
 

Born: 1981

Joined PFA Holding’s and PFA Pension‘s Board of Directors: 2019

Current employment: Head of Insurance Claims, PFA Pension

Previous employments:
Employed with PFA since 2008

Education: Master of Law

 


   
Honorary posts:

No other honorary posts


Photo by David Kahr
Mette Risom
Elected by employees
 

Born: 1969

Joined PFA Holding’s and PFA Pension‘s Board of Directors: 2011

Current employment: Head of Advisory Services Centre, PFA Pension

Previous employments:
Employed with PFA since 1989

Education:
Diplomlederuddannelsen – Zealand Business College
In-house modular management training
Mini MBA – PROBANA Business School
Relevant courses at the Danish Insurance Academy
Servicebranchens chefakademi – Copenhagen Business School

 


   
Honorary posts:
Member:
  • PFA Pension’s Remuneration Committee


Photo by David Kahr

Audit Committee

On 5 February 2009, the Board of Directors set up an audit committee, which, in April 2016, was expanded to include both an audit committee and an investment committee. In April 2017, the Investment Committee was segregated into a separate committee.

As of 13 March 2019, the Audit Committee consists of Niels-Ulrik Mousten (Chairman), Lasse Grønbech, Carsten Holdum, Torben Dalby Larsen and Mogens Steffensen.

Under the Danish Act on Approved Auditors and Audit Firms, at least one member of the Audit Committee must possess qualifications in accountancy or audit. The full Board of Directors has assessed that one member of the Audit Committee meet this demand; Niels-Ulrik Mousten. Niels-Ulrik Mousten has served on the Audit Committee in Danske Bank Finland 2011-2016.

Investment Committee

In April 2016, the Audit Committee was expanded to include both an audit committee and an investment committee. In April 2017, the Investment Committee was segregated into a separate committee.

As of 13 March 2019, the Investment Committee consists of Peder Hasslev (Chairman), Lars Christoffersen, Niels-Ulrik Mousten, Claus Oxfeldt and Laurits Rønn.

Remuneration Committee and remuneration policy

PFA’s Remuneration Committee consists of five members of the Board of Directors:

  • Torben Dalby Larsen (formand)
  • Kim Graugaard
  • Mette Risom
  • Per Tønnesen
  • Helle Valentin

On behalf of the Board of Directors, the Remuneration Committee carries out the preparatory drafting of the remuneration policy for the Board of Directors, the Executive Board and other material risk takers, including recommending the remuneration policy for the Board of Directors’ approval and submitting a proposal to the Board of Directors concerning the Executive Board’s remuneration. In its preparatory work, the Committee is attentive to the company’s long-term interests.