Less than a year after his controversial appointment, criticism of Nicolai Tangen’s leadership of Norges Bank Investment Management is building
Nearly 10 months into what he has described as his dream job, Nicolai Tangen has started to make his mark. Since becoming chief executive officer of Norges Bank Investment Management (NBIM) in September 2020, the former hedge-fund magnate has reshaped the leadership team. He has set out his key priorities for the management of the Government Pension Fund Global (GPFG) and revised the official strategy placing more emphasis on active management.
Alongside these acts, Tangen has also cultivated a vocal public profile, using his fame and enhanced financial influence to attract young professionals to a career at Norway’s NOK11trn (€1.1trn) oil fund.