Pension fund Stapi, which is located in Akureyri in the far north of Iceland, has been ordered by a district court to pay its former chief executive Kári Arnór Kárason more than ISK 23 million (EUR 188,000) in accrued wages plus penalty interest on the sum and ISK 2 million in legal costs.
Kárason resigned from the pension fund in the spring of 2016, after his involvement in the Panama Papers scandal came to light.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from AMWatch
Storebrand AM appoints new institutional head in Sweden
The previous head of institutional clients in Sweden is taking a step back but will remain at the organization. Anna Jönsson, who has been at the firm for five years, is stepping into his role.
Pension industry association predicts more arms investments as defense sector heats up
The Danish defense industry has encouraged pension funds in the country to look more positively at investments in weapons. ”We would like it to be considered ordinary societal responsibility,” says an industry leader.
Oil services investments and inflows help BankInvest in Q1
Net inflows have exceeded expectations at BankInvest in Q1. The EUR 20bn manager has been criticized for some of the investments in its sustainable flagship product, but CEO Lars Bo Bertram is proud that the EUR 12bn fund has managed to beat its benchmark despite massive gains for oil and gas.
NATO membership would affect investment decisions, say Finnish pension CIOs
The CIO of Ilmarinen expects Finland’s potential Nato membership to reduce risk premiums, and his counterpart at Veritas believes it will have a positive effect on Finland as an investment target.
Former Danske Bank AM chief joins consultancy
House of Reach has hired a former Danske Bank AM’s Chief Portfolio Manager as COO in order to boost Danish business, and Nordic operations as a whole.
Product Specialist, Corporate Credits 
Vi opnormerer med en privatrådgiver til Sparekassen Thys Danmarks Afdeling på hovedkontoret i Thisted 
Vil du med på vores vækstrejse? 
Teamleder til Folketingets It-supportteam