He will establish and lead the Copenhagen-based firm’s U.S. operations.
The firm also announced four promotions.
The plan has launched a general investment consultant search previously delayed due to COVID.
The plan has begun a search seeking one or more managers to handle active long credit strategies.
The plan recently made a venture capital and a value-add real estate commitment.
Plans approved alternatives commitments totaling $23 million this week.
He will focus on investment opportunities with the potential to drive technological, security and defense advancements.
The transition is the result of long-term succession planning that began in 2014, the firm said.
The new CEO joins from the United Nations Joint Staff Pension Fund in July.
The new hires will help expand Astara’s portfolio, the firm said.