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Norges Bank deputy governor to step down

Matsen had special responsibility for Norway’s sovereign wealth fund


Elena Johansson

Egil Matsen, deputy governor of Norway’s central bank Norges Bank, has informed the Ministry of Finance that he will leave the post nearly two years before the end of his term.

He commented: “I have now decided that I would prefer to spend more of my time with my family in Trondheim.”

Matsen is also on leave from his position as professor and head at the department of economics at the Norwegian University of Science and Technology, a spokesperson at Norges Bank told Expert Investor.

His date of departure will be agreed with the Ministry of Finance, which will also appoint his successor, the spokesperson added.

In November 2015, Matsen was appointed to the newly created post of second deputy governor with special responsibility for the Norwegian Government Pension Fund Global (GPFG) for a six-year term.

The Norwegian oil fund is one of the world’s largest funds.

It has a small stake in more than 9,000 companies worldwide and its market value passed NOK10trn (€987bn) on 25 October.