Norway central bank to hold news conference on wealth fund CEO

Oeystein Olsen, Norway's central bank governor, and Nicolai Tangen, the CEO-designate of the country's $1.1 trillion sovereign wealth fund, will hold a joint news conference at 1700 GMT (1900 CET) on Monday, Norges Bank said in a statement.

Norges Bank's announcement in March that Tangen, a hedge fund veteran, would take over the running of Norway's rainy-day assets from Sept. 1 triggered a backlash from a public watchdog as well as from parliament over potential conflicts of interest.

On Friday, Finance Minister Jan Tore Sanner summoned Olsen to a meeting and asked him to find a solution that would satisfy parliament's concerns.