Norway’s SWF leadership caught up in expenses scandal

Yngve Slyngstad, Norges Bank Investment Management’s current chief executive

Photo: André Clemetsen/Norges Bank/Flickr

- Victor Mendez-Barreira
- 20 Apr 2020

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The leadership of Norway’s $1 trillion sovereign wealth fund is involved in an expenses scandal affecting both the incoming and incumbent chief executives.

Over the weekend, the fund’s current head, Yngve Slyngstad, acknowledged he accepted a private flight from Philadelphia to Oslo in November 2019 paid for by the man who would later be appointed his successor, Nicolai Tangen. In the US, Slyngstad had attended a seminar organised by Tangen at the Wharton Business School.

Today (April 20)

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