Norway wealth fund to replace real estate chief in reshuffle

This post was originally published on this site

https://i-invdn-com.akamaized.net/news/LYNXMPEB2C0AG_M.jpg

Karsten Kallevig, who built up the fund’s real estate investments since they started a decade ago, will become a special adviser to recently appointed chief executive Nicolai Tangen, and will no longer be part of the leadership team.

“I am pleased to have Karsten in a more strategic role,” Tangen said in a statement. “He has built a high-quality organisation over the past decade and carries with him valuable investment experience which will benefit us going forward.”

The fund now plans to recruit a head of so-called real assets, it added.

The new leadership group is scheduled to be announced in October.