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Norway sovereign wealth fund CEO job attracts 82 applicants, including current chief

Published by Global Banking & Finance Review

Posted on February 18, 2025

1 min read

· Last updated: January 26, 2026

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Norway sovereign wealth fund CEO job attracts 82 applicants - Global Banking & Finance Review
Image illustrating the competitive landscape for the CEO position at Norway's sovereign wealth fund, which has attracted 82 applicants including current CEO Nicolai Tangen. This highlights the fund's significant role in global finance.
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COPENHAGEN (Reuters) - Norway's central bank said on Tuesday it had received 82 applications for the position of CEO of the country's vast sovereign wealth fund. The list included the current CEO

82 Applicants Compete for Norway Wealth Fund CEO Position

COPENHAGEN (Reuters) - Norway's central bank said on Tuesday it had received 82 applications for the position of CEO of the country's vast sovereign wealth fund.

The list included the current CEO Nicolai Tangen who last year said he would seek a new term as he felt the job was not yet done.

Tangen, 58, became the fund's CEO in September 2020, for a five-year term, which can be renewed once.

The applicants also included former Deputy Minister of Finance Erlend Grimstad as well as Greenpeace Norway's leader Frode Pleym.

A stand-up comedian, several teenagers and some candidates with no current job were also on the list.

The $1.8 trillion sovereign wealth fund, the world's largest, invests the proceeds of the Norwegian state's oil and gas revenues in foreign bonds, stocks, property and renewable energy projects.

(Reporting by Stine Jacobsen, editing by Terje Solsvik)

Key Takeaways

  • 82 applications received for Norway's wealth fund CEO.
  • Current CEO Nicolai Tangen seeks a new term.
  • Applicants include former Deputy Minister of Finance.
  • The fund manages $1.8 trillion in assets.
  • Investments include foreign bonds and renewable energy.

Frequently Asked Questions

What is the main topic?
The main topic is the application process for the CEO position of Norway's sovereign wealth fund, which attracted 82 applicants.
Who is the current CEO?
The current CEO is Nicolai Tangen, who is seeking a new term.
What is the value of the sovereign wealth fund?
The sovereign wealth fund is valued at $1.8 trillion.

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