Martin Skancke (born 1966) is a
Norwegian sovereign wealth fund and asset-management expert and former civil servant.
Early life and education
Skancke graduated as ''
siviløkonom'' from the
Norwegian School of Economics (NHH) and earned his master's degree at the
London School of Economics. He served his military service at the elite Russian language program of the
Norwegian Armed Forces, which, in addition to extensive Russian language training, included courses in
intelligence and
international security
International security, also called global security is a term which refers to the measures taken by states and international organizations, such as the United Nations, European Union, and others, to ensure mutual survival and safety. These meas ...
.
Career
Skancke started his career as a consultant and deputy secretary in the
Norwegian Ministry of Finance in 1990. From 2001 to 2002 he left the government administration to work as an advisor in
McKinsey, but he returned as Director General in the
Office of the Prime Minister. In 2006 he was appointed Director General in the Ministry of Finance Asset Management Department, which acts as the owners and decides the investment strategies of the Government Pension Fund - Global and the Government Pension Fund - Norway, which together comprise
The Government Pension Fund of Norway.
According to news media in August 2011, Skancke, who had "long
een
Een ːnis a village in the Netherlands. It is part of the Noordenveld municipality in Drenthe.
History
Een is an ''esdorp'' which developed in the middle ages on the higher grounds. The communal pasture is triangular. The village developed dur ...
known as the brains behind much of the success of Norway’s so-called 'oil fund,'
adresigned from his top post in the Finance Ministry to start advising other countries that are building up their own funds. He
ould Ould is an English surname and an Arabic name ( ar, ولد). In some Arabic dialects, particularly Hassaniya Arabic, ولد (the patronymic, meaning "son of") is transliterated as Ould. Most Mauritanians have patronymic surnames.
Notable p ...
also help guide investing by Norwegian insurance firm
Storebrand
Storebrand is a financial services company in Norway. By volume, the company's main activities are related to life insurance and pension savings. However, the company also has major divisions working on investments, banking and, until 1999 and ...
."
References
Notes
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{{DEFAULTSORT:Skancke, Martin
1966 births
Living people
Norwegian civil servants
Norwegian School of Economics alumni
Alumni of the London School of Economics