Klaus Ørtoft Madsen

PFA Asset Management A/S (PFA AM) is the wholly-owned asset management subsidiary of PFA Holding A/S in Denmark. The firm was founded in 2014 when PFA Kapitalforvaltning Fondsmæglerselskab A/S and PFA Portefølje Administration A/S (both established in 2010) merged. Headquartered in Copenhagen, PFA AM provides a range of asset management services including equities, fixed-income, mutual fund and alternative investment fund management for clients in Denmark including PFA Pension and PFA Kapitalforening.

Lundbeckfond Invest A/S (Lundbeckfond Invest) is the investment management subsidiary of the Lundbeck Foundation in Denmark. Established in 1999, the firm is based in Copenhagen and manages the Lundbeck Foundation's investments, aiming for long-term, stable returns with moderate risk, such that the Foundation's net capital is not jeopardized and the Foundation is able to meet its commitments in terms of awarding grants and of laying a capital base for its subsidiaries.

Lundbeck Foundation maintains and expands the activities of the Lundbeck Group. It provides funding for scientific research. Its support of scientific activities takes place mainly through the financing of concrete scientific projects in the areas of biomedicine and natural sciences. The firm grants a number of stipends and fellowships, and also supports education and procurement activities in biomedical and natural sciences. The company was founded by Grete Lundbeck on March 4, 1954 and is headquartered in Copenhagen, Denmark.