Bjarne Graven Larsen quits Canadian pension fund and returns to Denmark

The former CIO of the Danish pension provider ATP and former co-CEO of the Danish investment bank FIH Bjarne Graven Larsen has resigned from his position as CIO and executive vice president of the Canadian pension fund Ontario Teachers' Pension Plan.

After two years away from his homeland, Bjarne Graven Larsen is to leave Canada and return to Denmark with his family. He has resigned as CIO and executive vice president of the large Canadian pension fund Ontario Teachers' Pension Plan. In the last two years, Larsen has been responsible for managing assets currently valued at CAD 189.5 billion (EUR 120 billion).

"I would like to thank Bjarne for his many contributions over the last two years and to wish him all the best," says Ron Mock, CEO of OTPP, who was recently appointed as acting CIO as well, until the pension fund fills the position.

In January 2016, Bjarne Graven Larsen left his job as head of finance for Novo A/S, which is now called Novo Holdings and is the parent company of the Danish pharmaceutical and biotechnology firms Novo Nordisk and Novozymes.

In 1999, Bjarne Graven Larsen, who has an MA in economics, was appointed as ATP's CIO and head of investment. That happened in conjunction with the present Governor of the Danish Central Bank, Lars Rohde's appointment as CEO of ATP.

He became a co-CEO of FIH Bank in 2010, which he left in the fall of 2014. He left FIH Bank after it became known that the bank's owners, which included ATP and the Danish pension provider PFA, decided to execute a solvency liquidation of the bank after it had received a state bail out in order to survive.

OTPP is one of the world's largest pension funds and is known in Denmark for its investments in the Danish facility service company ISS and the Copenhagen Airport.

The future career plans of the 54-year old Bjarne Graven Larsen remain unknown.

OTPP achieved returns at 9.7 percent in 2017 for the 323,000 school teachers who save up for their pensions through OTPP.

English edit: Daniel Frank Christensen

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