Former Head of External Manager Group at NBIM and CIO at Formue, Norway

Former Head of External Manager Group at NBIM and CIO at Formue, Norway
Niclas Hiller former Chief Investment Officer at Formue AS brings over 30 years of global investment experience across institutional and private wealth management. Known for his strategic insight and commitment to quality, Niclas has played a pivotal role in shaping and scaling investment platforms that deliver long-term value to clients. Before joining Formue, Niclas was part of the founding team at Norges Bank Investment Management (NBIM) — Norway’s Sovereign Wealth Fund — where he was hired at its inception to help develop and manage the fund’s mandate during its crucial first decade. During this period, he was deeply involved in building the organization’s external asset management platform and fixed income operations. His tenure offered the rare opportunity to collaborate with and learn from some of the world’s leading institutional investors, asset managers, and academics. These interactions were instrumental in shaping NBIM into one of the most respected sovereign wealth funds globally. At Formue, Niclas has applied the same level of institutional rigor and forward-thinking vision. Since joining the firm in 2010, he has overseen the growth of assets under management from NOK 30 billion to over NOK 160 billion across Norway, Sweden and Denmark. He has built and led a team of 30 investment professionals and implemented a centralized discretionary asset management model, elevating both performance and efficiency. Under his leadership, Formue was named Norway’s top private bank in the 2024 Kantar/Prospera survey, recognized specifically for its investment competence and track record. Niclas holds an advanced degree in Portfolio Theory and a CEFA certification from the Stockholm School of Economics, with additional graduate-level studies at the University of Zurich and Uppsala University. He is also board certified and manage all Scandinavian languages, English and German. Niclas is widely respected for his ability to combine deep technical expertise with a global, long-term perspective — delivering investment solutions rooted in quality, discipline, and excellence.
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