Norway Sovereign Wealth Fund Promotes Internally for Co-CIOs of Equities
Posted on 06/10/2022
Balthasar and Furtado Reis will be co-responsible for company investments, including internal equity and credit security selection. Daniel Balthasar and Pedro Furtado Reis have been appointed Co-Chief Investment Officers Equities at Norges Bank Investment Management (NBIM), which oversees Norway Government Pension Fund Global. They will take up their positions on July 1, 2022. Norway Government Pension Fund Global is a major owner of listed stocks globally. The oil-based sovereign wealth fund is a universal asset owner in terms of stocks.
“I’m very pleased that Daniel and Pedro are taking up the positions as Co-Chief Investment Officers Equities. They are both brilliant professionals who impress me a lot with their deep knowledge about equity markets. In addition, they are remarkable, yet humble leaders, who care deeply about their people. I think they will be an excellent addition to our leader group”, CEO Nicolai Tangen at Norges Bank Investment Management says.
Internal Promotions
Balthasar joined the fund in 2006 as a Portfolio Manager. In 2014, he became Head of Basic Industries and Autos – a position he held until end of 2020, when he was appointed Global Co-Head of Sector Strategies.
Furtado Reis joined Norges Bank Investment Management in 2011 as a Portfolio Manager. In 2014, he became a Senior Portfolio Manager and Head of Banks – a position he held until he was appointed Global Co-Head of Sector Strategies together with Balthasar.
In May 2022, long-time chief equities investment officer Petter Johnsen announced he would step down from his role. Petter Johnsen will remain in his current role until Balthasar and Furtado Reis take over.
