Stephen Hirsch will resign as deputy CEO of Norges Bank Investment Management effective Oct. 1. NBIM manages assets of the 2.76 trillion Norwegian kroner ($413 billion) Government Pension Fund-Global, Oslo.
Mr. Hirsch will move back to the U.S. with his family, according to a news release from NBIM. No further information was available on Mr. Hirsch’s post-departure plans, NBIM spokesman Oystein Sjolie said.
It has not been decided whether NBIM will replace Mr. Hirsch, Mr. Sjolie said.