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Why Denmark's ATP is shaking up its business

The Danish pension fund ATP is primarily known for managing close to DKK 768 billion (EUR 103 billion) on behalf of every employee in Denmark. But along the way, ATP has acquired a long list of public and private administrative tasks. ATP CEO Christian Hyldahl has now undertaken an extensive restructuring so the fund can manage those tasks better. Changes include the dismissal of a key ATP executive after 20 years of service.

ATP CEO Christian Hyldahl has completed a large restructure of the Danish pension fund and administrative giant. But ATP has not said much about it. | Photo: PR/ATP

In Denmark, most people equate the name ATP with the country's largest and most powerful pension fund.

ATP's core tasks include collecting nearly DKK 10 billion (EUR 1.3 billion) of ATP-earmarked capital each year from 160,900 employers; managing the DKK 768 billion fund and paying around DKK 16 billion a year in ATP pensions to roughly 1.1 million pensioners. This has been ATP's role since it was set up in 1964 in cooperation with employers and employees.

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