Malin Norberg was named co-CIO for asset strategies at Norges Bank Investment Management, the in-house money manager of Government Pension Fund Global, Oslo.
Starting in April, Ms. Norberg will be co-CIO alongside Geir Oivind Nygard, currently sole CIO.
The Norwegian sovereign wealth fund, which has 13.96 trillion Norwegian kroner ($1.31 trillion) in assets, said in a news release Wednesday that due to the continued growth of its asset strategies it decided to create the co-CIO role.
Alongside Mr. Nygard, Ms. Norberg will be responsible for the wealth fund's portfolio management, external manager selection, securities lending and trading activities. She will contribute to the overall strategy of the organization, the release said.
"I'm very happy Malin has accepted this role. Malin has a solid fixed-income and trading background and experience in managing a global team. Besides, she has a strategic mindset and an empathic leadership style," CEO Nicolai Tangen said in the release.
Ms. Norberg is currently global head of fixed-income trading. A spokeswoman said a replacement has not yet been named.