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Nicolai Tangen retains most of the leaders, but the leadership group is reduced from 12 to nine people. It has been known long before that three of the leaders of the old leadership group are leaving. Also, Stephen Hirsch, who has been head of compliance and control, and CFO Hege Gjerde are leaving.
Chief Operating Officer Birgitte Bryne will be new to the management team, as will Mie Holstad. Carine Smith Ihenacho gets more responsibilities. There is no one of foreign origin on the management team.
Here is the entire management team:
- Deputy Chief of Staff and Chief of Staff Trond Grande
- Risk Manager Dag Huse
- Investment Manager Ole Ø vivos Nygård
- Investment Manager Petter Johnsen
- Head of Property and Compliance Carine Smith Ihenacho
- Head of Unlisted Investments Mie Holstad (new)
- CTO Age Bakker
- Operations Manager Birgitte Bryne (new)
– In the coming years, we will continue to work with new technology that can improve fund management. We are not only a financial company, we are also an IT company. We must be among the leaders in technology and big data analytics to ensure the best possible return to the community. We handle 30 million transactions a year. It is more than the Oslo Stock Exchange and illustrates the enormous amount of data we process, says Nicolai Tangen in a message.
Four areas merge into two new ones.
– We have formed a small management team to strengthen professional environments and reap more synergies. Our main task is to continue generating good returns. The new management team will be a collective decision-making body. Decisions that are broad-based are better and less likely to have to change, says Tangen.
Not happy even with female participation
In the new management team, ownership, control and compliance merge. Carine Smith Ihenacho will lead the new area.
The proportion of women in the new fund management group is 33%. The proportion of women in the fund as a whole is 21%.
– This is not good enough. One of my top priorities is promoting diversity. A good organization needs employees with different perspectives. We want to relaunch our apprenticeship program to have an even more diverse work environment, and I want to produce more good women, says Tangen.
Stephen Hirsch, former Chief Compliance Officer, will become Senior Advisor and report to Deputy CEO Trond Grande. The same applies to former CFO Hege Gjerde, who is now called “global chief.” Hirsch was added to the management team by former oil fund manager Yngve Slyngstad in two rounds.
Pass to the central bank governor
Before the new management team was announced on Tuesday, several exits had already been announced, two of them publicly:
- Karsten Kallevig will be Tangen’s special advisor on unlisted investments. Previously, he led the fund’s real estate investments.
- Ole Christian Bech-Moen, who was Head of Assignment, was recently appointed the new Head of the Monetary Policy Department at Norges Bank and is also leaving the management team at Nbim (Norges Bank Investment Management), which manages the Petroleum Fund.
- Nina Hammerstad resigned this summer as director of personnel and operations, but no report has been sent abroad.
The old Yngve Slyngstad management team was gradually expanded to 12 people prior to the reorganization of Tangen.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases via a link, which leads directly to our pages. Copying or other use of all or part of the content may only be done with written permission or as permitted by law. For more terms, see here.
