Nato secretary-general Jens Stoltenberg has been named as Norway’s next central bank governor despite warnings that his appointment could threaten its independence and was untimely given the military alliance’s tensions with Russia.
Stoltenberg will most likely take over as governor at the end of December after stepping down from his Nato role at the end of September, the Norwegian government said on Friday.
Stoltenberg, a former Norwegian prime minister, will also take on responsibility for overseeing the world’s largest sovereign wealth fund, the $1.3tn oil fund, which is based in the central bank.
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