Norges bank brings top property staff into main asset management unit. : Karsten Kallevig has become part of the 12-strong leadership team behind Norway’s sovereign wealth fund, stepping into the new role of real estate CIO at Norges Bank Investment Management (NBIM) after the bank’s decision to liquidate the separate real estate arm he ran. NBIM, which manages the NOK8.6trn (€883bn) Government Pension Fund Global (GPFG), announced on 6 February it would cut its separate real estate operation, Norges Bank Real Estate Management (NBREM), with effect from 1 April this year.