Danish asset manager Sparinvest has announced the appointment of Jacob Nordby Christensen as its new chief sales officer, effective today.
He replaces Peter Møller Lassen, who resigns by mutual agreement with the board of directors and executive management after a disagreement on the execution of Sparinvest’s 2018 strategy.
“Sparinvest has an ambitious strategy of increasing assets under management from the current DKK76bn (€10.2bn) to DKK100bn (€13.4bn) in 2018. It is, therefore, important not only to maintain our current growth rate but also to put on extra speed.
“The replacement of the CSO should not be seen as dissatisfaction with the historical sales to date, but as disagreement about the future of the sales work,” Sparinvest’s CEO Per Noesgaard said.
Christensen was hitherto co-heading the sales management team of Sparinvest. He joined the firm in 2007 and held roles of fund manager and head of Responsible Investment Unit as well as executive vice president.
Before that, he worked in the equity research departments of Jyske Bank A/S and Alfred Berg Bank A/S (ABN Amro) and has been a senior portfolio manager with Danske Invest.
Christensen is also part of Sparinvest’s investment committee.
Established in 1968, Sparinvest manages DKK76bn (€10.2bn) in assets for 170,000 private and institutional investors.