10 June 2022
Daniel Balthasar and Pedro Furtado Reis have been appointed Co-Chief Investment Officers Equities at Norges Bank Investment Management. They will take up their positions on 1 July.
Balthasar and Furtado Reis will be co-responsible for company investments, including internal equity and credit security selection.
“I’m very pleased that Daniel and Pedro are taking up the positions as Co-Chief Investment Officers Equities. They are both brilliant professionals who impress me a lot with their deep knowledge about equity markets. In addition, they are remarkable, yet humble leaders, who care deeply about their people. I think they will be an excellent addition to our leader group”, CEO Nicolai Tangen at Norges Bank Investment Management says.
Balthasar joined the fund in 2006 as a Portfolio Manager. In 2014, he became Head of Basic Industries and Autos – a position he held until end of 2020, when he was appointed Global Co-Head of Sector Strategies.
Furtado Reis joined Norges Bank Investment Management in 2011 as a Portfolio Manager. In 2014, he became a Senior Portfolio Manager and Head of Banks – a position he held until he was appointed Global Co-Head of Sector Strategies together with Balthasar.
“We are taking on these new positions with thrill and sense of responsibility. Our team is at the core of the fund, and we will work hard to strengthen it even further”, Furtado Reis says.
“Under Petter Johnsen’s leadership, the team has delivered excellent returns. Going forward, we want to keep a strong focus on investment process and the quality of decision-making. Also, we want to ensure we utilise tools and resources in the best possible way”, Balthasar adds.
Petter Johnsen will remain in his current role until Balthasar and Furtado Reis take over.Source: Norges Bank IM
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