Norway’s SWF chief to step down after 12 years

nbim-chief-yngve-slyngstad

The chief executive of Norway’s sovereign wealth fund, Yngve Slyngstad, is to step down, Norges Bank revealed on October 30.

Slyngstad has led Norges Bank Investment Management since January 2008, a transformative period in which the fund quadrupled its assets to reach 10 trillion kroner ($1 trillion) earlier this month. He will remain at the helm of the world’s largest sovereign wealth fund until Norges Bank finds a new CEO.

“I am proud of having been part of building up a leading

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