Impax appoints Magnus Kristensen as head of Nordics

Impax Asset Management, the specialist asset manager investing in the transition to a more sustainable economy, has appointed Magnus Kristensen as head of Nordics.

Based in Denmark, Kristensen (pictured) joins from Federated Hermes, where he was head of Nordics, managing client relationships and driving new business among institutional investors across the region.

Prior to this he held similar roles at Jyske Bank and Neuberger Berman and has over two decades of experience in business development and client service.

As head of Nordics, he will be responsible for business development and providing an excellent service to Impax clients based in the region.

He reports to Paul Voûte, co-head, client group, Impax. Viktoria von Kunow, who previously led Impax’s business development activities in the region, will now focus on clients in Germany, Austria and Switzerland.

His appointment comes during a period of growth for Impax in the Nordics. In July 2024 it completed its acquisition of Danish fixed income manager, Absalon Corporate Credit (Absalon).

Formerly part of the Formuepleje Group, Absalon serves European institutional investors and Danish high net worth individuals. Impax has operated in the region since 1999 when it was asked by a Danish bank to design and manage an environmental fund investing in listed equities.

Kristensen and the four portfolio managers from Absalon will be based in Impax’s new Danish office in Køge, near Copenhagen.

Paul Voûte, co-head, client group, Impax, said: “We are excited to welcome Magnus to the team. 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.”

Kristensen said: “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. I’m really looking forward to working closely with the whole team to help drive forward its presence in the region.”