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IMpower incorporating FundForum
27-28 June 2023
The Grimaldi ForumMonte Carlo, Monaco

Rasmus Bessing
Managing Director & Chief Operating Officer at PFA Asset Management

Profile

I am as COO an experienced leader with 15 years proven track record of strong results within the investment and asset management industry. My career has led me from the role as a specialist to leading competitive and highly successful advanced organizations. Responsibilities covering the full value chain from front to back, from idea generation and strategy development to execution and daily operations. I’m visionary, strong in managing and balancing multiple issues simultaneously, deconstruction complexity and driving results.

I practice and advocate Fair Process Leadership. I’m energized by solving challenges jointly with colleagues and other stakeholders through the implementation of sustainable solutions.  I’m a trained communicator and enjoy constructive exchange of opinions.

Work Experience: 

2015-2022: PFA Asset Management: Managing Director, COO (Highlights)

  • Responsible for managing the investment company of Denmark’s largest commercial pension fund. Increasing AUM from EUR 52b (2015) to EUR 86b (2022) with responsibility for 120 FTE.
  • PFA commitment to Net Zero Asset Owner Alliance (2020). Architect of PFA’s 2024 carbon reduction target across listed equities, real estate and listed credit of 29% compared to 2019-levels across all portfolios and products (e.g. defined contribution, life circle defined contribution schemes and UCITS and AIF).
  • Enhanced ESG-integration (in 2020 I assumed full corporate responsibility for ESG integration in our investment processes across all products and portfolios) including EU regulation implementation (disclosure and taxonomy) and product categorization art 6, 8 and 9 of full product portfolio (2021).
  • Co-architect and chairman of steering committee for IT Strategy including Cloud Strategy for SCD
  • Co-architect for PFA Group Strategy (2019) “PFA 2023” including design and implementation of Climate Plus (low carbon focused defined contribution scheme), currently EUR 2b+ AUM.
  • Design, product development of and implementation of EUR 1.2b structured real estate bond – alternative investment fund PFA Erhvervsejendomme (the fund was sold to Bankinvest and wrap and listed as BI Erhvervsejendomme A/S, Nasdaq CPH)
  • Co-architect of PFA Group Strategy “Investment 2.0” (in 2015 with Oliver Whyman and Mckinsey & Co.) enabling the ability to establish and manage a portfolio with considerable exposure to private assets (from approx. 5% to 20%) (HBR case study 9-218-025). Examples of major investment and operational implementations in accordance with prudent person regulations:
  • Delisting og TDC from Nasdaq
  • Lead Investor in consortium acquirement of 17% minority in Nykredit A/S
  • Walney Extension Off-shore Wind Farm – Equity and debt financing of 659MW
  • Hornsea 1 Off-shore Wind Farm – debt financing of 1218 MW

Agenda Sessions

  • Overcoming the ESG data challenge

    15:00