Today he stands at the helm of a solid and well-managed company with NOK 46 billion in assets under management and 55 employees, including two in our branch in Stockholm.
Petter Borg has now announced that he will step down as Chief Executive Officer. The decision has been made some time ago, but his wish was to continue until the merger with the former sister company Pareto Nordic Investments was completed. At the beginning of 2016 he will therefore pass the baton on to his successor. He will, however, sit on several Boards in the Pareto-group.
- Petter deserves a significant part of the credit for making the company into the great company it is today, says the main shareholder and board member Svein Støle. – For that he has our eternal gratitude.
The company's new CEO, Lasse Ruud (55), is an economist and has worked in Norges Bank and the Ministry of Finance. He is probably best known as the longstanding CEO of the Norwegian Mutual Fund Association, which has developed into an important centre of excellence and mouthpiece for the Norwegian asset management industry.
Ruud himself knows the company well and has great faith in the company's investment philosophy and management style, and is fascinated by the customer-orientated culture. In this respect, the change in top management does not entail any changes in the way the company is run.
- Lasse Ruud has unique knowledge and understanding of this industry, says Petter Borg, who has served for many years as a member of the board of the Norwegian Mutual Fund Association. – I feel confident that he will manage and develop what we have built in a good way.