NORWAY'S SOVEREIGN WEALTH FUND CEO TO ADDRESS THE ECONOMIC CLUB OF NEW YORK
For Immediate Release
September 19, 2025 -- New York, NY - American Industrial Acquisition Corporation (AIAC) and Avara Pharmaceuticals shall host their clients, colleagues, and friends at a reception and luncheon program sponsored by the Economic Club of New York, featuring Nicolai Tangen, Chief Executive Officer of Norges Bank Investment Management (NBIM) on October 15, 2025 in New York. As the manager of the world's largest sovereign wealth fund, NBIM oversees the Government Pension Fund Global with assets exceeding $1.9 trillion, representing over 1.5% of all global listed companies. Under Tangen's leadership, NBIM has maintained its position as the world's most influential institutional investor, with stakes in approximately 9,000 companies globally and executing around 49 million trades annually.
Mr. Tangen has been recognized as a visionary leader in global asset management and sustainable investing, guiding the world's largest sovereign wealth fund through periods of significant market volatility while maintaining its long-term strategic focus. At the Economic Club luncheon, Mr. Tangen will share his insights on global market dynamics, the future of sovereign wealth management, responsible investing at scale, and NBIM's strategy of achieving "the highest possible return at acceptable risk" while promoting sustainable value creation.
L. M. Levie, Chairman of AIAC and Avara Pharmaceuticals, and Member of the Economic Club of New York Centennial Society and its Legacy Society, remarked "AIAC and Avara Pharmaceuticals are delighted to welcome our clients, colleagues, and friends to this what promises to be a rare and valuable glimpse into the mind of Nicolai Tangen, who adroitly manages the largest sovereign wealth fund in the world. Under Nicolai's stewardship, the Norwegian Government Pension Fund Global has demonstrated that principled investing and superior performance are not mutually exclusive. Despite his astonishing long term track record and market influence, Nicolai is not widely known. He will share his unique perspective into market dynamics, geopolitics, and the critical role institutional investors play in shaping global economic outcomes. We anticipate a thought-provoking discussion that will benefit all our guests."
About Nicolai Tangen
Nicolai Tangen is Chief Executive Officer of Norges Bank Investment Management, having assumed the role in September 2020 and been reappointed for a second five-year term beginning September 1, 2025. Born on August 10, 1966, Tangen is a Norwegian hedge fund manager who now oversees the management of the Norwegian Government Pension Fund Global, the world's largest sovereign wealth fund.
Tangen holds a Bachelor's degree in finance from the Wharton School of the University of Pennsylvania and Master's degrees in the History of Art from the Courtauld Institute of Art and in Social Psychology from the London School of Economics. He also studied Russian at the Norwegian Armed Forces' School of Intelligence and Security.
Before joining NBIM, Tangen founded and led AKO Capital, a London-based hedge fund that he built into one of Europe's leading investment firms over 15 years. Prior to founding AKO Capital in 2005, he was a partner and senior analyst at Egerton Capital and an equity analyst at Cazenove & Co. Tangen has been recognized for his philanthropic efforts through the AKO Foundation, which he established in 2013 to support education, arts, and climate initiatives.
He has been instrumental in advancing the NBIM’s commitment to sustainable investing, including the implementation of net-zero emissions targets by 2050 and the divestment from companies associated with significant climate risks.
Mr. Tangen is recognized internationally as a thought leader in responsible investing, sovereign wealth management, and long-term value creation.
For further information, please see:
WWW.NBIM.NO/EN/ABOUT-US/LEADER-GROUP/
About Norges Bank Investment Management (NBIM)
Norges Bank Investment Management is a dedicated investment management division of Norges Bank, Norway's central bank, responsible for managing the Government Pension Fund Global on behalf of the Ministry of Finance. Established in 1998, NBIM manages what has become the world's largest sovereign wealth fund, with assets exceeding $1.9 trillion as of June 2025.
The Government Pension Fund Global was established in 1990 to invest surplus revenues from Norway's petroleum sector to benefit current and future generations. The fund invests exclusively in international markets across equities (approximately 70%), fixed income (27.7%), unlisted real estate (1.9%), and unlisted renewable energy infrastructure (0.4%). The fund owns stakes in more than 9,000 companies across all major markets and maintains strict ethical guidelines that exclude companies involved in certain harmful activities.
NBIM's investment strategy focuses on broad diversification across markets, countries, and currencies to achieve exposure to global growth while ensuring risk management. The fund follows a "super transparency" approach, publicly reporting all holdings and voting records. As one of the world's most influential institutional investors, NBIM actively engages with companies on environmental, social, and governance issues to promote long-term value creation.
The fund operates under a fiscal rule that allows the Norwegian government to withdraw up to 3% annually for budget purposes, ensuring long-term preservation of Norway's petroleum wealth. NBIM employs approximately 700 professionals and maintains operational headquarters in Oslo with offices in London, New York, Shanghai, Singapore, and Tokyo.
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About American Industrial Acquisition Corporation
American Industrial Acquisition Corporation (AIAC) is a diversified industrial group with manufacturing and distribution sites in 24 countries in North America, Europe, Africa, Asia, and Australia-New Zealand. AIAC has acquired and grown non-core subsidiaries and divisions of Boeing, Siemens, Lockheed Martin, Northrop Grumman, Raytheon, Johnson Controls, Merck, Pfizer, Astellas, Visteon, Carlyle, Ahlstrom, Tolko, Groupe Suez, Groupe Rexel, and many other leading multinational corporations.
AIAC companies serve companies and governmental entities worldwide in all major sectors, including aviation, space, defense, automotive, truck, rail, marine, petrochemical, solar, nuclear, food, confectionary, beverage, civil engineering and infrastructure, commercial construction, mining, dredging, disaster relief, education, medical devices, and pharmaceuticals. In addition, AIAC companies are exclusive, authorized distributors of leading branded industrial and consumer products and serve as critical suppliers for the construction of major airports, schools, hospitals, performing arts and sports centers, offices and hotels throughout Southeast Asia, Australia, and New Zealand.
Of note, AIAC purchased Boeing Canada in 2005 and has produced over 10,000 unique components for every Boeing jet plane ever since, reliably serving Boeing from manufacturing facilities in North America. A leader in ultra-high precision jet engine component manufacturing, AIAC companies produce 2,200 fan blades for each jet engine produced by GE, Pratt & Whitney, Rolls Royce, and Honeywell.
For further information, please see:
HTTPS://WWW.AIAC.COM/ HTTPS://WWW.AIAC.COM/OUR-VALUES
About Avara Pharmaceutical Services
Avara Pharmaceutical Services is a global leader in contract manufacturing for pharmaceutical and biotechnology companies. With campuses in Arecibo, Puerto Rico; Norman, Oklahoma; and Liscate, Italy, Avara serves 40 countries, producing a wide range of critical medications, including oral solid doses and injectable pharmaceuticals.
During the COVID-19 pandemic, Avara played a key role in manufacturing essential treatments. In 2021, Avara Norman produced the active pharmaceutical ingredients for Remdesivir, a leading COVID-19 treatment. Avara's state-of-the-art facilities ensure compliance with global regulatory standards and enable efficient production processes. Committed to sustainability, Avara invests in advanced manufacturing techniques and environmental initiatives.
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About the Economic Club of New York
Founded in 1907, the Economic Club of New York is the premier forum for discussion on a wide range of issues facing New York City, the United States, and the world. The Club welcomes preeminent thought leaders from across the globe and from the public and private sectors to speak on complex issues ranging from public policy and economic regulation to tech disruption. Nonpolitical, nonpartisan, and nonprofit, the Club promotes no agenda and takes no sides on issues, encouraging speakers and members to engage openly in thoughtful discussions.
The Economic Club comprises individual members, drawing from the senior leadership of many prominent corporate and financial organizations based in the metropolitan area. Past speakers include leaders of Fortune Global 500 companies and multiple U.S. presidents, including Woodrow Wilson, William H. Taft, Herbert Hoover, Dwight D. Eisenhower, John F. Kennedy, Richard Nixon, Ronald Reagan, and George H.W. Bush. International heads of state such as Winston Churchill, Mikhail Gorbachev, Indira Gandhi, Margaret Thatcher, and Yitzhak Rabin have addressed the Club.
In recent months, Japanese Prime Minister Fumio Kishida, U.S. Federal Reserve System Chair Jerome Powell, Microsoft Co-Founder Bill Gates, JPMorgan Chair Jamie Dimon, U.S. Secretaries of Treasury Janet Yellen and Scott Bessent, and Citadel Founder and Chair Ken Griffin have addressed the Club.
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Media Contact:
Isabel Carro-Toro, Vice President
American Industrial Acquisition Corporation
+34 689 295 827 (Spain)
+1 787 244 3175 (USA)
icarro-toro@aiac.com
