Overseas property exposure almost doubles after SEB Pension takeover. : Danske Bank’s pensions subsidiary Danica Pension has appointed Jakob Kær Nielsen as its chief portfolio manager for foreign real estate — a new role the pension provider says it created in preparation for its increased focus on international property assets. The DKK617bn (€82.7bn) pensions firm said its takeover of SEB Pension’s Danish assets in 2017 had led to an increase in overall assets under management and boosted its foreign property exposure, which almost doubled as a result of the merger.