ATP CEO Carsten Stendevad quits

The catalyst for Stendevad's decision to leave was a severe health-related issue within his family and it will see him move back to the United States, which he left to join ATP in Denmark three years ago.

He became the CEO of the Hillerød-based pension fund in 2013 from Citigroup in New York, where he had been a managing director in the group's investment banking division. Stendevad was hired by Citi in 2002 and held various positions in New York and Mumbai before his move to ATP.

Prior to Citi, he spent five years as a project manager with consulting firm McKinsey & Company in Copenhagen and New York.

ATP is a pension fund financed by an 8% payroll tax on Danish employees. It invests across multiple alternative asset categories, most notably real estate, infrastructure and private equity, with both direct, fund and co-investments made. In addition to the main fund balance sheet, ATP's group also includes the dedicated private equity arm ATP Private Equity Partners and its venture vehicle Via Venture Partners.

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