AMWatch

Danish pension fund chief explains firing of veteran CIO

Denmark's EUR 9.5 billion pension fund PBU is firing its Chief Investment Officer Morten Schou, who has held the role since 2003. PBU's Chief Executive tells AMWatch why the CIO was ousted. He emphasizes that it had nothing to do with investment returns.

Morten Schou, Chief Investment Officer of Denmark's PBU from 2003 until last week.

Last week, Denmark's Pædagogernes Pensionskasse, or PBU, fired its Chief Investment Officer Morten Schou, who has held the position for the past 15 years.

The dismissal was unexpected, partly because PBU has delivered strong investment returns to members in recent years.

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