Following a public tender process over the summer, LD Pensions has decided to continue its collaboration with Nykredit Portefølje Administration and J.P. Morgan respectively. Nykredit Portefølje Administration already manages LD Pensions’ investments. Similarly, J.P. Morgan already fulfils the role of custodian and custodian bank.
We are delighted to be able to continue our collaboration with both Nykredit Portfolio Administration and J.P. Morgan. It was not an easy choice to make, as all the proposals were of an exceptionally high standard.
In the tender process, LD Pensions has placed great emphasis on price, in addition to the quality of the services.
“We have found that all bidders have been extremely competitive on price. The partnership between Nykredit Portfolio Administration and J.P. Morgan submitted the most economically advantageous tender, i.e. the best value for money, which ultimately benefits our members,” says Charlotte Mark, adding:
“The task that Nykredit Portfolio Administration, in collaboration with J.P. Morgan, is to undertake on behalf of LD Pensions is a demanding one. These are vital services that require knowledge, technical expertise and efficient processes. We already have great confidence in the two partners we have chosen and are therefore looking forward to continuing our collaboration with two such skilled players in the field.”
The two future partners are to manage total investment assets of approximately DKK 40 billion at Kapitalforeningen LD.
Erling Skorstad, Director of Nykredit Portfolio Administration, says:
“We are incredibly pleased that LD Pensions has once again chosen us to manage its investment assets. It is a complex task, and we are therefore delighted that LD Pensions regards us as its natural partner, capable of shouldering this responsibility. We look forward to continuing our long-standing, close and fruitful collaboration with LD Pensions, and we are delighted to be part of developing their business in the years to come.”
Allan Nedergaard, Head of Nordic Platform Sales at J.P. Morgan, which will continue to act as custodian bank and depositary, said:
“We value our ongoing collaboration with our clients, and we are honoured that LD Pensions has entrusted J.P. Morgan with continuing to provide custodian and custodial banking services in collaboration with Nykredit Portefølje Administration A/S. We look forward to continuing our close collaboration with LD Pensions.”
LD Pensions has the majority of its investments held by its subsidiary, Kapitalforeningen LD. By placing LD Pensions’ listed assets in Kapitalforeningen LD, it is possible to outsource investment management tasks and ensure the efficient and cost-effective operation of technically and legally complex functions through Partners who specialise in these areas.
LD Pensions manages the Employees’ Holiday Allowance Fund and The Cost-of-Living Allowance Fund, with total assets of DKK 46 billion.
