Executive Team

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Kjetil Houg

Kjetil Houg

Chief Executive Officer

Kjetil Houg took up the post of Folketrygdfondet CEO on 1 September 2018, having previously worked as an investment director at Oslo Pensjonsforsikring, as chief economist at Alfred Berg/ABN AMRO Bank, as chief economist and fund manager at Folketrygdfondet and as a political adviser in the Storting, the Norwegian parliament. Kjetil Houg holds an economics degree from the University of Oslo. He has also served on various boards, shareholder committees and nomination committees of major Norwegian companies.

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Nils-Bastiansen

Nils Bastiansen

Chief Investment Officer Equities

Nils H. Bastiansen has worked for Folketrygdfondet since 1995. Before joining the organisation, he was a stockbroker at Unibank Securities in Copenhagen and DnB Fonds in Oslo. Bastiansen holds a Master of Business and Marketing from Handelsakademiet in Oslo, and a Master of International Management degree from Thunderbird School of Global Management, Arizona, USA. He is also an authorised financial analyst with a Master of Business Administration in finance from Norwegian School of Economics and Business Administration in Bergen.

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Jørgen Krog Sæbø

Jørgen Krog Sæbø

Chief Investment Officer Fixed Income

Jørgen Krog Sæbø has worked for Folketrygdfondet since 2007, initially as a financial analyst in the operations department. He then moved into portfolio management, first as a fixed income portfolio manager and later as chief treasurer. Krog Sæbø holds a master’s degree from the Norwegian School of Economics (2007), is authorised as a fixed income analyst by the Norwegian Society of Financial Analysts (2010), is an Certified European Financial Analyst by the Norwegian School of Economics (2016), has completed the Advanced Credit Risk Analysis Program by the Norwegian School of Economics (2017), and has an MBA in finance from the Norwegian School of Economics (2017).

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Jørn Nilsen

Jørn Nilsen

Chief Operating Officer

Jørn Nilsen joined Folketrygdfondet in 1997, having previously worked as a higher executive officer at the Ministry of Petroleum and Energy and as a scholarship holder at the Norwegian School of Economics. Jørn Nilsen holds a Master of Science degree (siviløkonom HAE) from the Norwegian School of Economics and Certified European Financial Analyst (Norwegian School of Economics).

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Jørn Terje Krekling

Jørn Terje Krekling

Chief Performance Officer

Jørn Terje Krekling joined Folketrygdfondet i 2003, having previously worked as an equity manager at Kreditkassen aktiv forvaltning and Nordeafondene. Jørn Terje Krekling holds an economics degree from the Norwegian School of Economics and an MBA from Bond University. He is also an authorised portfolio manager certified by the Norwegian Society of Financial Analysts.

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Lisbeth Johansen Kvam

Lisbeth Johansen Kvam

Chief Performance Officer

Lisbeth Johansen Kvam joined Folketrygdfondet in 1996. Her previous positions include those of adviser with the City of Oslo and auditor at the Office of the Auditor General of Norway. She holds a Master’s Degree in Business and Economics from Bodø Graduate School of Business and is an authorised portfolio manager (Norwegian Society of Financial Analysts) . Lisbeth Johansen Kvam has studied tourism economics at Sogn og Fjordane University College and has completed the Management programme in teamwork and management at BI Norwegian Business School.

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Christina Stray

Christina Stray

Chief Compliance Officer

Christina Stray has worked for Folketrygdfondet since 2009. Previously, she worked for Oslo Børs ASA as head of the Prospectus and Transactions Department. Before that, she worked in Oslo Børs ASA’s legal department, and for the law firm Wiersholm, Mellbye & Bech. Christina Stray graduated from the University of Oslo with a law degree in 1992, and holds a Master of Laws degree from the London School of Economics and Political Science, where she studied from 1993 to 1994.

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Marika Burvald

Marika Burvald

Communications Director

Marika Burvald joined Folketrygdfondet in 2015. Previously, she worked as Head of Communications for the Norwegian Association of Consulting Engineers, The Norwegian Export Credit Guarantee Agency (GIEK), and the Nordic Council of Ministers' research funding organisation NordForsk. Marika Burvald holds a Cand. Philol. degree in Arts and Letters from the University of Oslo.

Karianne Kirstistuen

HR-leder

Karianne Kirstistuen begynte i Folketrygdfondet i 2022. Hun kom fra stillingen som senior HR business partner i TietoEvry. Før dette var hun i Santander Consumer Bank i tilsvarende stilling. Tidligere har hun jobbet i 12 år som leder for virksomheter med 15-60 ansatte i Oslo kommune innen barn og oppvekst. Hun har en master i organisasjonsutvikling og ledelse fra NTNU, pedagogikk grunnfag og bachelor fra Oslo MET og har også studert arbeidsrett ved Universitetet i Sør-Øst.

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