Norwegian pension giant seeking head of ownership risk as Kvam leaves

Influential investor advertises for senior role

Norges Bank Investment Management, the arm of the Norwegian central bank which runs the NOK3.7trn (€500bn) Government Pension Fund, is seeking a new Head of Ownership Risk.
“NBIM seeks a dedicated and result oriented manager to [join] the Ownership Risk group,” NBIM says. “The group is responsible for defining the theoretical foundations and principles upon which our environmental, social and governance (ESG) activities are based.”
The main responsibilities for the new role are to develop and implement strategies on defined focus areas, manage analysts and build “theoretical and empirical anchoring” for NBIM’s ownership policies and principles.

The role requires a master’s degree or PhD and a minimum eight years relevant experience. The deadline for applications for the Oslo-based role is October 11.

It comes as Anne Kvam, the organisation’s Global Head of Ownership Policy, departs for independent riskmanagement business Det Norske Veritas (DNV).

She announced her resignation from one of the highest profile positions in corporate governance in June. At the time, Norges said Kvam’s departure was an opportunity to evaluate its ownership work.

Her responsibility for NBIM’s voting and engagement strategy on its worldwide holdings gave her a high profile internationally. She was instrumental in NBIM’s involvement in the last year on a push for annual re-election of all company directors in the UK. NBIM was also part of a major US corporate governance campaign to nominate board director candidates at six large US companies.

“After almost five years heading up the ownership work of the Norwegian Global Pension Fund I have decided to try something else,” she said. She will join DNV as a senior sustainability consultant. NBIM careers site