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Norges Bank Investment Management, which manages the NKr2.2trn (€250bn) Norwegian Government Pension Fund – Global, will soon announce five key new appointments. It is seeking a new chief investment officer, chief treasurer, chief risk officer, chief administrative officer and chief operating officer.
An NBIM spokesperson said that in order to meet future needs, NBIM was planning organisational adjustments, particularly to the management structure. He said: “After 11 years of organic growth, with a substantial increase in the size of the fund and with a new CEO last year, this is a natural and continuous process that has been driven forward by Yngve Slyngstad since his appointment as CEO in 2008.
Mr Slyngstad, who last year reorganised the management structure in his first move as CEO, currently also serves as CIO. He has, however, come under fire from the Norwegian media for losses made last year, as well as failure to deliver through active management.
NBIM said that an announcement would be made at a later stage when the new management structure was in place.
