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FRANKFURT, March 25 (Reuters) – Deutsche Lender (DBKGn.DE) has nominated Yngve Slyngstad, the former head of Norway’s sovereign prosperity fund, to its supervisory board, Germany’s premier financial institution claimed on Friday.
Slyngstad was chief executive officer of Norges Lender Expense Administration, which manages the world’s biggest sovereign wealth fund, a situation he held for 13 a long time.
He lately joined the Norwegian conglomerate Aker ASA (AKER.OL) to lead its asset administration unit, focusing on renewable strength tasks. go through a lot more
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Deutsche has been positioning alone to finance the transition to a a lot more sustainable potential.
“We will profit from … his large practical experience as one of the pioneers of sustainable investing, as properly as his current target on slicing edge issues related to weather alter and energy transition,” mentioned Mayree Clark, who oversees the bank’s nomination committee.
Slyngstad will substitute Gerhard Eschelbeck, whose 5 12 months phrase is about to conclude.
Shareholders will be identified as to formally ratify the move at the bank’s annual typical assembly in May well.
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Reporting by Tom Sims and Frank Siebelt extra reporting by Gwladys Fouche editing by Maria Sheahan
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