Former NBIM CEO Yngve Slyngstad to leave bank

The former CEO of Norges Bank Investment Management (NBIM), which is responsible for the Government Pension Fund Global (GPFG), is to leave the bank.

Slyngstad is leaving to join Aker ASA, where he will build up the capital management organisation. He was CEO of NBIM for 13 years, and prior to that he built and led the fund’s equity management organisation through the first 10 years after Norges Bank’s capital management organisation was established in 1998.

“I have been very fortunate to have participated in building the Norwegian sovereign wealth fund. Its value has increased more than a hundredfold since we established the capital management organisation in 1998. The fund will remain one of the most important foundations for the Norwegian society laid down by our generation,” Slyngstad said.

“I was pleased to pass on the baton to Nicolai Tangen in September last year, and I will always cheer on from the side-line. When I now start building up a new asset management organisation, what I will miss the most are the extraordinary people who manage the fund in such a professional and trustworthy manner.”

Current CEO, Nicolai Tangen, said Slyngstad had been “instrumental” in the development of NBIM.

“I am truly grateful that he continued in the fund after stepping down as CEO in order to help my transition and to teach me the tricks of the trade. I am thrilled that he is staying in Norway to help expand the asset management industry based here,” Tangen said.

    Share Story:

Recent Stories


Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.

In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.

Podcast - The power of three: Using Common Contractual Funds to improve tax outcomes for investors
Large asset owners are still investing in equities in a way where they are taxed on their income. The implication is that they get a poorer return. They need to, and can, improve this, but how?

In this podcast, AMX Head of Client and Manager Development, Aaron Overy, and AMX Product Tax Specialist, Kevin Duggan, discuss with European Pensions Editor, Natalie Tuck, about three options to help ensure good withholding tax outcomes for institutional investors.

Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows