Svein Aaser, the previous CEO of DnB NOR, is the primary advocate for creating a major financial industry in Oslo on the pillars of the fund.
-This requirement would have significant ripple effects for Oslo, and not only for the financial sector. It would have a positive effect on most sectors with activity associated with a major financial sector, one financial market actor said.
Among the 43 external managers in the fund, no one is based in Oslo. Actors in the financial community would like to have introduced a requirement that the external managers have to establish an office in Norway.
The financial sector would have a rocket-like boost if a larger local environment was established in Oslo that could compete for contracts from Norways Bank Investment Management.