UPDATE 2-Eight men in frame to run Norway wealth fund, including deputy CEO [Reuters]
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Source: Reuters
UPDATE 2-Eight men in frame to run Norway wealth fund, including deputy CEO (Adds background) By Terje Solsvik OSLO, Feb 25 (Reuters) - Eight candidates have applied to head Norway’s sovereign wealth fund, the country’s central bank said on Tuesday, as its board prepares to decide who should steer the global portfolio of assets worth $1.1 trillion through a time of transition. The bank’s all-male list of candidates identified seven applicants, including the fund’s deputy chief executive, 49-year-old Trond Grande. The deadline for applications was Friday, and one name was kept confidential, as permitted in exceptional circumstances such as when publicity could harm a current employer. The successor to Yngve Slyngstad, who is stepping down as CEO after a dozen years, will take over the fund as its regulators grapple with strategic changes, such as how to respond to climate risk and a proposed $100 billion increase in investments in the United States. The world’s largest sovereign wealth
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