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Martin_Skancke_03_HI-RES Martin Skancke has worked on issues relevant for long-term investing for more than 20 years.
In the years 2006-2011, he built up and headed the Asset Management Department of the Norwegian Ministry of Finance. The department is responsible for the management of the Government Pension Fund, with a capital of over USD 800bn (end 2015).

The responsibilities of the department include strategic asset allocation, evaluation and monitoring of operational managers, governance structure and legal framework and ethical guidelines and corporate governance.

In the years 2002-2006, Martin Skancke served as Director General at the Office of the Prime Minister and head of the Domestic Policy Department. The department prepares the cabinet meetings, gives the Prime Minister advice on the issues on the agenda and other domestic policy issues and sets up minutes from the cabinet meetings. The department is responsible for coordinating work across all ministries relating to domestic policy issues, including the budget process. The Director General is chief advisor to the Prime Minister on economic policy issues.

Prior to joining the Office of the Prime Minister, Martin Skancke worked for more than a decade on macroeconomic policy issues, including serving as Deputy Director General at the Ministry of Finance and head of the Section for Monetary Policy and Public Finances. The section was responsible for monetary policy guidelines, fiscal policy analysis and guidelines including financing of local government and government asset management.

Martin Skancke has also worked at the Oslo office of McKinsey&Co, advising Norwegian and international companies on business strategy issues.

He served as Chairman of the World Economic Forum’s Public & Institutional Investors Industry Agenda Council 2010-2011 and was Norwegian representative in the drafting of the Santiago Principles for SWFs and in the International Forum of Sovereign Wealth Funds. He is currently Chair of the UN-supported Principles for Responsible Investment and board member at Storebrand ASA, Kommunalbanken AS and Norfund.

Martin Skancke has extensive international experience as advisor to governments on management of revenues from natural resources, including Azerbaijan, Bolivia, Cyprus, Ghana, Libya, Iraq, Papua New Guinea, Timor-Leste and Venezuela, in addition to presentations at various seminars hosted by the World Bank, IMF and others.

For more detailed information on background and experience, please refer to this CV.