Yngve Slyngstad was named executive director of Norges Bank Investment Management, which primarily manages the 2 trillion kroner ($371 billion) Government Pension Fund-Global, Oslo, spokesman Vidar Dalsbo confirmed. Mr. Slyngstad replaced Knut N. Kjaer, who announced in September that he will leave to pursue other opportunities after 10 years in the post. Mr. Slyngstad has been at NBIM for 10 years and was head of equity investments, based in London. He will transfer to Oslo. NBIM will be searching for his replacement, Mr. Dalsbo added.