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FRANKFURT, March 25 (Reuters) – Deutsche Lender (DBKGn.DE) has nominated Yngve Slyngstad, the previous head of Norway’s sovereign prosperity fund, to its supervisory board, Germany’s greatest financial institution reported on Friday.
Slyngstad was main government officer of Norges Financial institution Financial investment Management, which manages the world’s biggest sovereign wealth fund, a posture he held for 13 years.
He just lately joined the Norwegian conglomerate Aker ASA (AKER.OL) to lead its asset management device, focusing on renewable energy tasks. examine a lot more
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Deutsche has been positioning itself to finance the changeover to a a lot more sustainable foreseeable future.
“We will reward from … his vast working experience as one of the pioneers of sustainable investing, as well as his present-day focus on cutting edge matters related to climate change and power changeover,” said Mayree Clark, who oversees the bank’s nomination committee.
Slyngstad will substitute Gerhard Eschelbeck, whose five year phrase is about to conclude.
Shareholders will be called to officially ratify the transfer at the bank’s once-a-year typical conference in May possibly.
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Reporting by Tom Sims and Frank Siebelt supplemental reporting by Gwladys Fouche editing by Maria Sheahan
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