Norges Bank stands by Tangen amid fresh criticism
Head of supervisory board says central bank broke rules in appointing Nikolai Tangen
Norges Bank governor Øystein Olsen has again defended the central bank’s decision to appoint Nikolai Tangen to head Norway’s sovereign wealth fund, as the decision came in for fresh criticism today (August 10).
In hearings in Norway’s parliament, Julie Brodtkorb, head of Norges Bank’s supervisory board, said Tangen’s appointment appeared to breach regulations. A key issue is whether Tangen’s role as founder of AKO Capital might create conflicts of interest with his new role, even though he has
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