Industriens Pension has named Peter Mikkelsen as its new Head of Real Assets. Mikkelsen, who has served as co-owner and Chief Investment Officer at Danish fixed-income specialist Fondsmæglerselskabet Marselis since late 2022, previously spent the majority of his career at Nordea in various management roles.

“I am delighted to share that I am joining Industriens Pension as Head of Real Assets and Strategic Asset Allocation on 1 March,” announces Peter Mikkelsen on LinkedIn. “A warm thank you to everyone who helped the process along. This is a unique opportunity at an equally unique organisation, and I am really looking forward to getting started.”

“I am delighted to share that I am joining Industriens Pension as Head of Real Assets and Strategic Asset Allocation on 1 March.”Peter Mikkelsen

Mikkelsen will join Industriens Pension on March 1 from Marselis, a boutique that manages two European high-yield strategies and a quantitative global cross-asset allocation strategy. One of the credit strategies employs dynamic leverage and is part of the fixed-income universe in the Nordic Hedge Index. Previously, Mikkelsen held various management roles at Nordea for many years, most recently overseeing the group’s liquid bond portfolio amounting to DKK 370 billion DKK (around €50 billion), as well as its alternative investments portfolio of about €2 billion. Earlier in his career, he held management positions at ABN AMRO Bank in Copenhagen and London.

Mikkelsen succeeds 65-year-old Jan Østergaard as Head of Real Assets at Industriens Pension, part of a planned generational transition. Østergaard will continue in a specialist role within the department, contributing to investment-related product development across the organization. As Head of Real Assets, Mikkelsen will lead a department managing approximately DKK 40 billion, a key allocation in Industriens Pension’s portfolio. The investments are divided into around DKK 29 billion in global infrastructure assets and DKK 11 billion in Danish and international properties. Peter Mikkelsen will also be responsible for optimizing the composition of Industriens Pension’s investment universe to ensure efficiency.

“Peter’s broad background in the investment world equips him well to deliver strong results in complex areas such as infrastructure and real estate.”Peter Lindegaard, the Chief Investment Officer at Industriens Pension.

“I am convinced that we at Industriens Pension can benefit greatly from Peter Mikkelsen’s many years of experience with investments across asset classes at a high level,” says Peter Lindegaard, the Chief Investment Officer at Industriens Pension. “Peter’s broad background in the investment world equips him well to deliver strong results in complex areas such as infrastructure and real estate.”