Christiane Eckert, chief global real estate portfolio manager at ATP, has left the Danish pension fund, citing plans to scale back its activity in international property markets.
Eckert, who confirmed to IPE Real Assets she had left ATP, posted on LinkedIn that she was “off to new adventures as ATP has decided to significantly reduce their exposure to foreign real estate investments”.
ATP Real Estate, the property arm of the pension fund, said it was currently reviewing its strategy, as it did on a regular basis, and it was therefore too early to comment on international investments going forward.
Late last year, Vang Hansen, CEO of ATP Real Estate, told IPE Real Assets: “We have grown substantially in the past five, six or seven years, and what we are focusing on in 2020 – and probably 2021 as well – is building up a strong asset management function to take care of our customers as well as possible along with a strong ESG focus.”
Eckert’s exit comes less than two years after Vang Hansen took over from Michael Nielsen as real estate chief and just over a year since Kenneth Olsson was drafted in to take up a new position of real estate CIO.
She worked at ATP for three years, having undertaken real estate portfolio management roles at fellow Danish pension fund PFA before that.
Earlier this year, ATP announced that Jan Johansen was joining as chief property officer, replacing Christian Hartmann.
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