Oilfund, Norges Bank Investment Management

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Leader group
The leader group in Norges Bank Investment Management


Nicolai Tangen
Chief Executive Officer
Nicolai Tangen is responsible for the management of the Government Pension Fund Global. This includes the daily operation and the development of Norges Bank Investment Management.

Tangen joined Norges Bank Investment Management as Chief Executive Officer on 1 September 2020. 

Tangen was previously Chief Executive Officer and Chief Investment Officer in AKO Capital, which he founded in 2005. He also set up the AKO Foundation in 2013, which supports charitable initiatives to improve education, promote the arts and mitigate climate problems. Prior to this, Tangen was a partner and senior analyst at Egerton Capital and an equity analyst at Cazenove & Co.

Tangen holds a Bachelor’s Degree in finance from the Wharton School and Master’s Degrees in the History of Art from the Courtauld Institute of Art and in Social Psychology from the London School of Economics. He has also studied Russian at the Norwegian Armed Forces’ School of Intelligence and Security.

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Trond Grande
Chief of Staff/Deputy Chief Executive Officer





Birgitte Bryne
Chief Technology and Operating Officer





Patrick du Plessis
Chief Risk Officer





Carine Smith Ihenacho
Chief Governance and Compliance Officer





Malin Norberg
Chief Investment Officer Market Strategies




Pedro Furtado Reis
Co-Chief Investment Officer Active Strategies






Daniel Balthasar
Co-Chief Investment Officer Active Strategies






Ada Magnæs Aass
Chief Human Resources Officer





Marthe Skaar
Chief Communications and External Relations Officer




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