Norges Bank


Jon Nicolaisen is stepping down as Deputy Governor

Today, the Ministry of Finance has approved the request of Deputy Governor Jon Nicolaisen to relinquish his post effective immediately because he has not received a renewed security clearance from the Norwegian Civil Security Clearance Authority.

"The Norwegian Civil Security Clearance Authority informs me that the reason that I will not receive a renewed security clearance is that my wife is a Chinese citizen and resides in China, where I support her financially. At the same time, they have determined that there are no circumstances regarding me personally that give rise to doubt about my suitability for obtaining a security clearance, but that this does not carry sufficient weight. I have now had to take the consequences of this", says Jon Nicolaisen.

“We take note of the decision of the Ministry of Finance. I will miss Jon Nicolaisen in his post as Deputy Governor, where he performed his duties superbly as a close colleague and competent professional. In his key positions at the Bank, he has over the years made an essential contribution to the development of Norges Bank”, says Governor Øystein Olsen.

Jon Nicolaisen was appointed Deputy Governor by the King in the Council of State in 2014 and reappointed from 1 April 2020, when he was given special responsibility for following up the Bank’s task of managing the Government Pension Fund Global.

Published 4 December 2020 12:00