AP Pension appoints senior investment director

AP Pension has promoted Rasmus Cederholm to investment director, effective June 1. He will succeed Ralf Magnussen, who is leaving to join Nykredit Asset Management, according to European Pensions.

Cederholm has served as head of equities at AP Pension, the fourth-largest commercial pension fund in Denmark, since 2017. Prior to that, he spent nearly seven years at Nykredit, serving as senior portfolio manager, asset management.

According to his LinkedIn profile, Cederholm was also a founding partner, portfolio manager at AMBER Fondsmaeglerselskab, an independent asset management boutique, and served as a portfolio manager at Gudme Raaschou Asset Management before that.

“I will be in charge of a strong and well-functioning team, which to that extent has proven its worth over the past four or five years,” said Cederholm. “There is a positive and inclusive culture in the department, where everyone contributes to the professional challenges and discuss