Norwegian law professors call hiring process for one of the world's most powerful financier roles illegal

Two of Norway's leading law professors believe that Norges Bank acted illegally when it kept Nicolai Tangen's name off the official applicant list for the job of CEO of the oil fund.
Nicolai Tangen, appointed as the new CEO of the Norges Bank Investment Management, poses for a picture in London, March 26, 2020. | Photo: NTB Scanpix/Nina E. Rangoy via REUTERS
Nicolai Tangen, appointed as the new CEO of the Norges Bank Investment Management, poses for a picture in London, March 26, 2020. | Photo: NTB Scanpix/Nina E. Rangoy via REUTERS

The appointment of a Norwegian hedge fund manager with experience from London to the role of CEO of the world's largest sovereign wealth fund, the Norwegian oil fund, has not gone smoothly.

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