The manager of the world’s largest sovereign fund has chosen a new real estate boss with Hines executive Alexander Knapp set to join Norges Bank Investment Management from 16 June.
As global head of real estate, Knapp will be responsible for listed and unlisted real estate investments and strategy implementation globally for the $1.7 trillion fund, according to a statement.
“We are delighted to welcome Alexander to lead our real estate team,” Pedro Furtado Reis, NBIM’s co-chief investment officer for active strategies and Knapp’s direct supervisor said. “He brings extensive investment experience and a global perspective. We believe he has both the strategic mindset and leadership style needed to excel in this demanding role.”
“I am incredibly excited to join NBIM, an institution I’ve always respected for its long-term perspectives and responsible investment approach. I look forward to working with the team to continue building a portfolio that supports the fund’s objectives,” Knapp said.
Serving as a member of Hines’ global investment and executive committees, Knapp is said to have grown the company’s European platform from €16 billion to more than €30 billion in assets under management during his six year term as CIO.
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