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NBIM Names Trond Grande as Deputy CEO

3 February 2011

Norges Bank Investment Management (NBIM), which manages the Norwegian Government Pension Fund Global, has named Trond Grande as its new deputy chief executive officer after Stephen Hirsch stepped down from the position in October last year. Grande has served as NBIM’s Chief Risk Officer since October 2009. He will assume the new position today.

Grande, aged 40, joined NBIM in November 2007 as Global Head of Risk Management and later filled dual roles as Deputy Chief Operating Officer and Global Head of Risk Management. He previously spent 11 years at Storebrand Kapitalforvaltning and held positions including Senior Vice President Finance and Senior Vice President Financial Risk Management.

Grande holds a master’s degree in international management from the Norwegian School of Economics and Business Administration and from ESADE in Barcelona. He also has an MBA in finance from the Norwegian School of Economics and Business Administration.