Organisation
NBIM has separate business lines for equity and fixed income management. The head of each business line (Chief Investment Officer) is responsible for all portfolio investments and returns, strategic planning and cost management within his respective area. Each business line also has a Chief Operating Officer who is responsible for support and analysis functions, transactions and IT systems. The COOs report both to their respective CIO and to the Executive Director of NBIM. In addition, NBIM has departments which are organisationally independent of the two business lines and report directly to NBIM’s Executive Director. The Chief Financial Officer’s responsibilities cover risk measurement, performance measurement, accounting, compliance with investment guidelines, negotiation of legal agreements, personnel policy, IT policy and administrative shared services. There is a separate department responsible for corporate governance. NBIM has also set up a project department to plan possible future investments in global property markets. The Ministry of Finance will reach a decision on whether investment should be made in real estate at a later date.
