New Co-Chief Investment Officers Equities

Daniel Balthasar and Pedro Furtado Reis have been appointed Co-Chief Investment Officers Equities at Norges Bank Investment Management. They will take up their positions on 1 July.

10 June 2022

Balthasar and Furtado Reis will be co-responsible for company investments, including internal equity and credit security selection.

"I’m very pleased that Daniel and Pedro are taking up the positions as Co-Chief Investment Officers Equities. They are both brilliant professionals who impress me a lot with their deep knowledge about equity markets. In addition, they are remarkable, yet humble leaders, who care deeply about their people. I think they will be an excellent addition to our leader group", CEO Nicolai Tangen at Norges Bank Investment Management says.

Broad investment experience

Balthasar joined the fund in 2006 as a Portfolio Manager. In 2014, he became Head of Basic Industries and Autos – a position he held until end of 2020, when he was appointed Global Co-Head of Sector Strategies.

Furtado Reis joined Norges Bank Investment Management in 2011 as a Portfolio Manager. In 2014, he became a Senior Portfolio Manager and Head of Banks – a position he held until he was appointed Global Co-Head of Sector Strategies together with Balthasar.

"We are taking on these new positions with thrill and sense of responsibility. Our team is at the core of the fund, and we will work hard to strengthen it even further", Furtado Reis says.

"Under Petter Johnsen’s leadership, the team has delivered excellent returns. Going forward, we want to keep a strong focus on investment process and the quality of decision-making. Also, we want to ensure we utilise tools and resources in the best possible way", Balthasar adds.

Petter Johnsen will remain in his current role until Balthasar and Furtado Reis take over.

Press contact:
Line Aaltvedt
Communications Manager
Tel: +47 948 54 656
Email: press@nbim.no

 

Pedro Furtado Reis

Pedro Furtado Reis is co-responsible for company investments, including internal equity and credit security selection.

Since 1 January 2021 he has held the position of Global co-Head of Sector Strategies. He joined Norges Bank Investment Management on 15 August 2011 as a Banks Portfolio Manager, later becoming a Senior Portfolio Manager and Head of Banks in 2014. He held this position until the end of 2020, before he was appointed Global co-Head of Sector Strategies.

Prior to joining Norges Bank Investment Management, Furtado Reis was a specialist in Financials at hedge fund Theorema Asset Management between 2006 and 2011. Pedro spent the previous five years in Equity Research as a Director at UBS Investment Bank, as part of its top-rated European Banks team.

Pedro Furtado Reis holds a degree in Economics with a specialisation in Finance from Universidade Nova de Lisboa.

He is a Portuguese and British citizen.

Daniel Balthasar

Daniel Balthasar is co-responsible for company investments, including internal equity and credit security selection.

Since 1 January 2021 he has held the position of Global co-Head of Sector Strategies. He joined Norges Bank Investment Management on 1 September 2006 as a Basic Materials Portfolio Manager, later becoming Head of Basic Industries and Automotive in 2014. He held this position until the end of 2020, before he was appointed Global co-Head of Sector Strategies.

Prior to joining Norges Bank Investment Management, Balthasar was Vice President at Deutsche Asset Management between 2001 and 2006.

Daniel Balthasar holds a degree from Frankfurt School of Finance and Management and is a CFA Charterholder.

He is a German citizen.