Economist quits DNB for NHO

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One of Norway’s most high-profile economists will be leaving the country’s biggest bank, DNB, after 18 years. Øystein Dørum has been wooed over to NHO, Norway’s largest employers’ organization, where he says he hopes to help create jobs.

Øystein Dørum, shown here speaking at a Labour Party event, thinks he'll now be better able to mix economic analysis and politics at NHO. PHOTO: Arbeiderpartiet

Øystein Dørum, shown here speaking at a Labour Party event, thinks he’ll now be better able to mix economic analysis and politics at NHO. PHOTO: Arbeiderpartiet

“We’re facing demanding challenges in the Norwegian economy and it’s important that we succeed in creating new workplaces and make ourselves less dependent on the oil business,” Dørum stated in an announcement of his new position at NHO. “This is something I hope to contribute to.”

Dørum, who’s been chief economist for DNB’s brokerage and investment unit DNB Markets, will now lead NHO’s group of economists and assume a top management position in the organization itself. He’s keen to work on the edge between analysis and politics, since he’ll be able in his new position to be much closer to policy- and decision-making.

“I think that being able to help shape the premises for the political initiatives that NHO will take will be an exciting challenge,” Dørum told newspaper Dagens Næringsliv (DN).

He said his decision to leave DNB wasn’t easy. “I haven’t done this with a light heart, but there’s a time for everything,” said Dørum, age 54. “I received a very good offer from a very exciting employer. I’ll be able to keep doing much of the same, but with a new angle, a bit more operative and more Norwegian- and politically oriented.”

He has worked on the political side of economics before, at the Finance Ministry and the European Commission. He’s an economics graduate of the University of Oslo with a Master’s Degree in political science from The London School of Economics, in addition to being trained as a financial analyst and being extremely interested in music. DN reported that he has a collection of several thousand albums.

He formerly worked at Sparebanken NOR, which merged with DNB. He’s the latest economist to leave DNB, after both currency analyst Camilla Viland and economic Kjersti Haugland left to join the central bank, Norges Bank. NHO chief Kristin Skogen Lund was happy Dørum accepted NHO’s offer.

“He is extremely competent in his field, highly respected and has a clear profile in the Norwegian debate,” Lund stated in an NHO press release. “This is good news both for NHO and for Norwegian business.”

newsinenglish.no/Nina Berglund