Karsten Kallevig Named CEO of Norges Bank Real Estate Management

Karsten Kallevig

Karsten Kallevig

Norges Bank’s Executive Board appointed Karsten Kallevig as Chief Executive Officer of Norges Bank Real Estate Management. Norges Bank Real Estate Management is the dedicated organization for managing the unlisted real estate investments in the Government Pension Fund Global (GPFG). Kallevig will start in the new position January 1, 2016. Kallevig comes from the position as Chief Investment Officer Real Estate in Norges Bank Investment Management. Increasingly, Norway’s sovereign wealth fund has deployed massive amounts of capital to overseas real estate in Europe and the United States.

Karsten Kallevig was ranked #3 on the Public Investor 100 – 2015, a presitigous ranking of the 100 most significant and impactful asset owner and public executives of 2015.

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On another note, Runar Malkenes was appointed Director of Communications at Norges Bank. He is currently of Director of Communications at Norway’s Ministry of Finance. Malkenes will take up his post mid-January.

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