Future CEO of Norway's oil fund used criticized Panama law firm

Nicolai Tangen, upcoming CEO of the Norwegian oil fund, has previously used the services of Mossack Fonseca, a law firm that has been highly criticized, the Norwegian press reports.

Photo: Carlos Jasso/Reuters/Ritzau Scanpix

by THOMAS BO CHRISTENSEN

Mossack Fonseca was at the center of tax haven cases in connection with the Panama papers scandal. Now it has been revealed that the upcoming head of Norway's oil fund has used the company's services, writes NTP.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Norway wealth fund chief cleared of ethics breach
For subscribers
New oil fund CEO will work around the clock to prove himself
For subscribers
CEO of world’s biggest wealth fund says he "really screwed up"
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Following Ingrid Bonde's resignation, Jan-Olof Jacke has been appointed acting chair of Alecta's board. | Foto: Evelina Carborn / Alecta PR

Pension

Bonde was losing support at Alecta prior to departure, Swedish daily reports

The resignation of pension giant Alecta’s chair may have been caused by pending criticism from the authorities caused by the pension giant’s risky investments – as well as a lack of internal support.

For subscribers

Bettina Lange has been responsible for Castellum's Danish activities for the past seven years. | Foto: PR

People

Castellum's Danish country manager to join Norwegian pension investor

For subscribers

Adam Kybird is the fund manager of the Triodos Food Transition Europe Fund. | Foto: PR/Triodos

Fund Management

Impact pioneer eyes investor appetite for a food revolution

For subscribers

70 companies are part of the Science Based Targets climate initiative. | Foto: Jens Dresling

Responsible Investing

Two Danish pension funds first in the world to receive approval from climate initiative

For subscribers

Ingrid Bonde has stepped down as chair of Alecta's board. | Photo: Evelina Carborn / Alecta PR

Pension

Alecta’s chair resigns from board of the troubled Swedish pension giant

For subscribers

Pension

Storebrand maintains its first municipal pension deal

For subscribers

BankInvest's two alternative funds in negative territory
Investors have withdrawn from BankInvest’s two alternative real estate funds in the first half of 2023, and the funds are expected to deliver negative returns for the remainder of the year.
For subscribers
Finnish pension fund CEOs propose higher risk to overcome demographics
CEOs of pension insurance companies Veritas and Elo comment on the Finnish government’s plans to kick off yet another pension reform as part of efforts to save the welfare state.
For subscribers
S-Bank's head of WM moves to bigger role and asset volumes at OP
S-Bank is looking for a new head of wealth management and deputy CEO, following Hanna Porkka’s announcement that she is joining OP Financial Group next spring.
For subscribers
Mandatum set to debut in Helsinki in biggest listing since 2005
Sampo Oyj is spinning off its unit Mandatum, the biggest addition to Helsinki’s stock market in almost two decades.
For subscribers
Polaris welcomed into new territory: "There is a huge need for capital"
Kim Mikkelsen, CIO of Strategic Investments, thinks that valuations are currently at an attractive level in the small-cap segment.
For subscribers
AP2 teams up with think tank to identify deforestation exposure in global portfolios
A collaboration between Swedish buffer fund AP2 and think tank Climate & Company aims to offer other investors a guideline to identify potential exposure to deforestation.
For subscribers

Impact pioneer eyes investor appetite for a food revolution

As interest from institutional investors grows, Dutch impact investor Triodos Investment Management is aiming to make several new additions to its Food Transition Europe Fund.

For subscribers

Responsible Investing

Two Danish pension funds first in the world to receive approval from climate initiative

In the future, AkademikerPension and PensionDanmark will push their portfolio companies to meet CO₂ targets due to the Science Based Targets initiative’s validation of the funds’ climate plans.

For subscribers

Pension

Alecta’s chair resigns from board of the troubled Swedish pension giant

Ingrid Bonde has chaired Alecta during a turbulent period when risky investments in Heimstaden Bostad and three US niche banks came under increased scrutiny. Now she is history at the pension giant.

For subscribers

Charlotte Mansson (left) and Elisabeth Sterner are BlackRock's head of sustainable & transition solutions, Nordics and Netherlands, and head of Nordics, respectively. | Foto: BlackRock PR / Jeppe Carlsen / Håkan Målbäck

Responsible Investing

BlackRock: High number of US investors plan to increase allocation to green transition

More than half of the institutional investors polled in a new BlackRock survey are planning to increase their low-carbon allocation. In the Nordic region and the US, the percentage is even higher.

For subscribers

People

Castellum's Danish country manager to join Norwegian pension investor

Swedish Castellum loses its Danish country manager, Bettina Lange, who will become CEO of Norwegian-owned KLP Ejendomme based in Copenhagen.

For subscribers

Ole Mikkelsen joined as head of commercial real estate fund BI Erhvervsejendomme in January 2020 and has since then also been responsible for residential rental properties fund BI Boligejendomme. | Foto: PR / Bankinvest

Fund Management

BankInvest's two alternative funds in negative territory

Investors have withdrawn from BankInvest’s two alternative real estate funds in the first half of 2023, and the funds are expected to deliver negative returns for the remainder of the year.

For subscribers

Jobs

See all jobs

Future CEO of Norway's oil fund used criticized Panama law firm

Read the whole article

With your free trial you get:

Get full access for you and your coworkers

Share article

Related articles:

Norway wealth fund chief cleared of ethics breach

New oil fund CEO will work around the clock to prove himself

CEO of world’s biggest wealth fund says he "really screwed up"

Sign up for our newsletter

Front page now

Bonde was losing support at Alecta prior to departure, Swedish daily reports

Castellum's Danish country manager to join Norwegian pension investor

Impact pioneer eyes investor appetite for a food revolution

Two Danish pension funds first in the world to receive approval from climate initiative

Alecta’s chair resigns from board of the troubled Swedish pension giant

Storebrand maintains its first municipal pension deal

BankInvest's two alternative funds in negative territory

Finnish pension fund CEOs propose higher risk to overcome demographics

S-Bank's head of WM moves to bigger role and asset volumes at OP

Mandatum set to debut in Helsinki in biggest listing since 2005

Polaris welcomed into new territory: "There is a huge need for capital"

AP2 teams up with think tank to identify deforestation exposure in global portfolios

Further reading

Impact pioneer eyes investor appetite for a food revolution

Two Danish pension funds first in the world to receive approval from climate initiative

Alecta’s chair resigns from board of the troubled Swedish pension giant

BlackRock: High number of US investors plan to increase allocation to green transition

Castellum's Danish country manager to join Norwegian pension investor

BankInvest's two alternative funds in negative territory

Jobs