On 26 March 2020, the Board of Norges Bank named Nicolai as the new CEO of Norges Bank Investment Management (NBIM).

Nicolai will start his new position in September 2020. He will step down from all AKO boards and will no longer serve as AKO Chairman, as previously envisaged. Patrick Hargreaves, who has acted as co-CEO for the past year, will become AKO’s CEO. Gorm Thomassen, co-founder of AKO, will continue to manage the European funds as CIO alongside another AKO veteran, Mike Yates.

We are very proud both of him and of the fact that his selection was partially founded on the excellence of the AKO organisation. 

Please read the full press release here: AKO Update March 2020