Aker ASA has appointed Yngve Slyngstad as CEO and senior partner of Aker Asset Management ("AAM"). Slyngstad will be responsible for building and developing active asset management to become a new business area in Aker, on par with the company's industrial holdings. Active asset management was launched as a new business area in Aker's third quarter report on 5 November. Yngve Slyngstad's mandate will be to develop AAM to become a central part of Aker's portfolio, with clearly defined relations to Aker's industrial companies and businesses. Slyngstad will assume the position on 1 March 2022. He has worked for Norges Bank Investment Management (NBIM) since its inception in 1998, where he was responsible for building up NBIM's equity management activities. Slyngstad was CEO of NBIM and responsible for the Government Pension Fund Global, from 1 January 2008 until he resigned on 1 September 2020. During this period, the fund increased from approximately NOK 2,000 billion to over NOK 10,000 billion and became the single shareholder in the world's stock markets.