Stockholm (HedgeNordic) – Specialist asset manager Impax Asset Management has appointed Magnus Kristensen as Head of Nordics to lead business development and service clients across the region. His appointment allows Viktoria von Kunow, who previously managed the firm’s business development in the Nordics, to shift her focus to clients in Germany, Austria, and Switzerland.

Kristensen joins Impax from Federated Hermes, where he spent six years as Head of Nordics, cultivating client relationships and driving business growth among institutional investors in the region. Before Hermes, he was Head of Client Relations at Jyske Bank, where he was responsible for client acquisitions and maintenance, setting client and product strategies, among other things. With over twenty years of experience in business development and client services, Kristensen previously worked at Neuberger Berman, Nykredit Asset Management, and Thomson Reuters, among others.

Kristensen will report to Paul Voûte, Co-Head of the Client Group at Impax, who expressed enthusiasm about the new addition to the team. “We are excited to welcome Magnus to the team,” comments Voûte. “He has an extensive network and deep knowledge of the Nordic market and having such an experienced individual based in the region will help us in growing our business and providing an excellent service to our existing clients.”

“He has an extensive network and deep knowledge of the Nordic market and having such an experienced individual based in the region will help us in growing our business and providing an excellent service to our existing clients.”

Paul Voûte, Co-Head of the Client Group at Impax.

Impax is a specialist asset manager investing in the transition to a more sustainable global economy, managing approximately £36.9 billion as of mid-2024 across both listed and private markets strategies. Kristensen’s arrival coincides with a period of expansion for Impax in the Nordics, marked by the acquisition of Danish fixed-income manager Absalon Corporate Credit during the summer of this year. Impax’s history in the Nordic market dates back to 1999, when it was asked by a Danish bank to design and manage an environmental fund investing in listed equities.

“Impax is renowned for its expertise in investing in the transition to a more sustainable economy and has a long history of serving Nordic clients,” says Kristensen. “I’m really looking forward to working closely with the whole team to help drive forward its presence in the region.”