Norges Bank Investment Management
Norges Bank Investment Management (NBIM) shall be a first-class management organisation by international standards and shall ensure satisfactory management of the foreign currency portfolios for which Norges Bank is responsible. The wing's main responsibilities consist of:
- Managing the foreign currency portfolio of the Government Pension Fund - Global (formerly Government Petroleum Fund) on behalf of the Ministry of Finance
- Managing the foreign currency portfolio of the Government Petroleum Insurance Fund on behalf of the Ministry of Petroleum and Energy
- Managing Norges Bank's long-term portfolio of foreign exchange reserves.
Norges Bank Investment Management has 148 permanent employees (as of 30 June 2007) located in Oslo, London, New York and Shanghai. NBIM's management model is based on separate business areas for equity and fixed income management.
The equity and fixed income business areas have responsibility for all investments, transactions processing and data administration within their respective asset class, as well as strategic planning, annual activity plans and cost control within each business area. NBIM's other departments have responsibility for setting NBIM's administrative policy, risk control and performance measurement, accounting and compliance on total fund levels in addition to administrative support functions.
The following departments constitute NBIM's line organization:
- Equity - Investments / Operations
- Fixed Income - Investments / Operations
- Risk, Performance, Accounting
- Compliance
- IT Infrastructure
- Staff and Legal
Executive Director: Knut N. Kjær
Telephone: + 47 22 31 62 71