Norges Bank Investment Management is the asset management unit of the Norwegian central bank (Norges Bank). We manage the Government Pension Fund Global, often referred to as the Norwegian oil fund, and some of Norges Bank's foreign exchange reserves.
Norges Bank Investment Management aims to get the highest possible return on the fund within the investment mandate set by the Ministry of Finance. We seek to safeguard the long-term financial interests of Norway's future generations through active management and active ownership.
The assets of the Government Pension Fund Global are invested outside Norway. The international scope of investments is reflected in our organisation, which has expanded abroad since being set up in 1998. In addition to the headquarter in Oslo, we have offices in London, New York, Shanghai and Singapore. Our global presence brings us closer to the markets we invest in, helping form stronger ties with partners in different parts of the world.
As manager of one of the world's largest funds we have developed a highly skilled investment organisation with a global outlook. We are around 550 employees from 34 nations. To match the growing size of the fund and an increasingly complex investment mandate, we focus on recruiting people with a high level of expertise, specialisation and innovation. Our work environment is fast-paced, diverse and results-oriented.
The leader group
In addition to the CEO and Deputy CEO the leader group in Norges Bank Investment Management have three Chief Investment Officers responsible for the fund's strategies. There are in addition Chiefs responsible for risk, operations, Chief Corporate Governance Officer, Chief Financial Officer, Chief HR Officer and compliance and control. For the real estate management there is a separate leader group with corresponding responsibilities.