Published by Global Banking & Finance Review®
Posted on March 18, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleNicolai Tangen is reappointed as CEO of Norway's $1.8 trillion sovereign wealth fund, continuing to manage global investments from oil and gas revenues.
COPENHAGEN (Reuters) - Nicolai Tangen has been appointed to a second term as CEO of Norway's vast sovereign wealth fund, the central bank said on Tuesday.
Tangen, 58, who became the fund's CEO in September 2020 for a five-year period, said in November he would seek a new term as chief executive of the sovereign wealth fund as he felt the job was not yet done.
"Nicolai Tangen is highly experienced with in-depth insight into international investment management," central bank Governor Ida Wolden Bache said in a statement.
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 projects.
(Reporting by Stine Jacobsen, editing by Anna Ringstrom and Terje Solsvik)
The article discusses Nicolai Tangen's reappointment as CEO of Norway's sovereign wealth fund.
The sovereign wealth fund is valued at $1.8 trillion, making it the largest in the world.
The fund invests in foreign bonds, stocks, property, and renewable projects.
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