Aquila hires German pension chief

Daniel Just joins Aquila's advisory board just a few months after Olaf Huth, the former chief executive of HSBC Trinkaus & Burkhardt, became a member.

German asset manager Aquila Capital has appointed the chief executive of Germany’s largest public pension fund, Daniel Just, to its advisory board.

The former head of the €66 billion Bayerische Versorgungskammer’s asset management division joined the pension fund in 2013, when it began to make real asset investments a major part of its portfolio. Just will advise the firm on its dealings with institutional investors, he said in a statement.

“Since founding Aquila Capital 15 years ago, [Dieter] Rentsch and [Roman] Rosslenbroich have developed the company into a leading independent alternative asset manager,” Just said. “I look forward to advising Aquila Capital on the development of investment solutions suitable for institutional investors.”

With timberland assets of more than ‎€83 million, Aquila enlarged its European forestry portfolio for institutional investors by buying 3,100 hectares of timberland in Scotland at the beginning of 2016. The firm has other forestry investments in mainland Europe and Finland, the US and Latin America.

The move marks the latest addition to Aquila’s advisory board after Olaf Huth, the former chief executive of HSBC Trinkaus & Burkhardt, joined in July.

Based in Hamburg, Aquila manages about €7.1 billion of assets. In addition to funds, it has crafted a tie-ups with institutional investors, including a two-year-old, €500 million hydro platform alongside the Netherlands’ APG.