Norway's sovereign wealth fund appoints co-heads of equities investment

OSLO (Reuters) - Norway's $1.3 trillion sovereign wealth fund has appointed Daniel Balthasar and Pedro Furtado Reis as co-chief investment officers for equities, the fund's operator Norges Bank Investment Management (NBIM) said on Friday.

"They are both brilliant professionals who impress me a lot with their deep knowledge about equity markets," NBIM Chief Executive Nicolai Tangen said in a statement.

The fund last month announced that long-time chief equities investment officer Petter Johnsen would step down from his role.

Balthasar, who joined the fund in 2006, and Furtado Reis, who joined in 2014, have since 2020 shared global responsibility for NBIM's sector strategies.

(Reporting by Terje Solsvik, editing by Gwladys Fouche)