NORWAY - The giant Norwegian sovereign pension fund could soon have a new CIO as Norges Bank Investment Management is searching for a new chief investment officer, chief risk officer and chief treasurer.
Advertisements have been placed globally in newspapers and through online recruitment services this week, announcing the group responsible for managing Norway's Government Pension Fund - Global is now looking to make new appointments.
Yngve Slyngstad, executive director of the pension fund and chief executive officer at NBIM, is currently CIO but appears to be relinquishing his investment role, while Stephen Hirsch also acts as both deputy CEO and chief operating officer.
Slyngstad took up the CEO role on 1 January 2008, following the departure of Knut Kjaer, and he recently joined ABP's investment committee as well as becoming president of RiskMetrics. (See earlier IPE storioes: NBIM names Kjaer's successor, ABP taps ex-NBIM Kjaer for advice and Wednesday people roundup: 29 April 2009)
No further information is available about the decisions behind these moves as there is a public holiday in Norway today, and officials were therefore unavailable for comment at the time of publication.
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