"Act decently," Pensam CEO tells bankers and lawyers in candid letter

Torsten Fels, CEO of Denmark's Pensam, has made it plain he will not do business with companies which help their customers engage in tax fraud or money laundering. To be crystal clear, the pensions chief wrote to 20 CEOs of Danish and international financial institutions, law firms and audit firms.

Torsten Fels, CEO of Pensam. | Photo: PR.

by ANNE LOUISE HOUMANN

Last week, Torsten Fels, CEO of the Danish labour-market pension provider Pensam, wrote a letter to Danske Bank, Deutsche Bank, Nordea and other financial institutions as well as to several law firms and audit firms.

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"Act decently," Pensam CEO tells bankers and lawyers in candid letter

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Front page now

Akademiker Pension increases focus on biodiversity

Goldman raises USD 14bn for private equity secondaries fund

Only one Nordic fund market increased its AUM in August

Alecta’s CEO rejects controversial Heimstaden investment

Global equities are boosting Danish pension funds

Operational landscape increases popularity of private credit, Finnish manager says

AMF appoints new manager for Swedish equities

Swedish FSA reprimands troubled pension giant

EM manager bets on polluting giant for his sustainable fund: "It sticks out like a sore thumb"

Critics lambast Alecta for secrecy and "incompetence" in major real estate investment

Asset managers rebuffed as EU cracks down on use of ‘ESG’

ATP on admitting billionaire investors into new venture: Our strategy remains unchanged

Further reading

Alecta’s CEO rejects controversial Heimstaden investment

Only one Nordic fund market increased its AUM in August

Swedish agency's new comms head will engage with fund managers

Mandatum, Handelsbanken and Storebrand were the real winners of Q2

Swedish FSA reprimands troubled pension giant

EM manager bets on polluting giant for his sustainable fund: "It sticks out like a sore thumb"

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