Cenzia AS

Overview

Cenzia AS is registered in Oslo under organisation number 992 156 120.¹ The firm states that it holds a Finanstilsynet licence under Verdipapirhandelloven § 2 1.¹ Its listed investment service permissions cover receiving and transmitting client orders, portfolio management and investment advice.¹ Cenzia also states that it holds permissions for ancillary services under Verdipapirhandelloven § 2 1 annet ledd nr. 1 og 3.¹

The firm says some clients experience it as their own family office.¹ It limits the number of clients so portfolio managers can give each client close attention.¹

History

Biographies on the firm website state that Managing Partner Nicolai A. Andresen and Partner Andreas Stang helped establish Cenzia in 2008.¹

Cenzia publishes monthly letters and market reports.¹ Topics listed in 2026 include Norwegian equities, SaaS, artificial intelligence, currency hedging and global equity markets.¹

Timeline

1. 2008Andresen and Partner Andreas Stang helped establish Cenzia in 2008.
2. 2026Topics listed in 2026 include Norwegian equities, SaaS, artificial intelligence, currency hedging and global equity markets.

Leadership

Managing Partner Nicolai A. Andresen is identified as a co founder.¹ His biography says he previously worked as Partner at Ardent Advisors in London, a corporate finance and mergers and acquisitions adviser focused on telecommunications, media and technology, and spent four years in Credit Suisse’s London corporate finance transaction advisory division.¹

Partner Andreas Stang is also identified as a co founder.¹ His biography says he led a capital management and investment advisory division at Credit Suisse in London for eight years and earlier held a senior role at Treschow Fritzøe with responsibility for financial investments.¹

Investment Director and Partner Thomas Oma joined Cenzia in November 2017 after six years as a financial analyst at SpareBank 1 Forsikring.¹ Investment Director and Head of Family Office Thomas K. Skjoldmo joined in April 2021 after roles at Griff Kapital and Aweco AS.¹ His biography states that he managed discretionary portfolios for Arne Wilhelmsen’s family office, Aweco AS, from 2009 to 2018.¹

Compliance Officer Cecilie Lind joined Cenzia in April 2022 and is described as having experience at Citibank, SEB, Finanstilsynet and Nordea.¹ Sales Director Stefan Fjørtoft Jensen is described as having more than 20 years of experience in banking, finance and asset management, including roles at Bluechip, NorQuant, Nordea and Terra Markets.¹

The board page lists Christian Ness as chair, with Grace R. Skaugen, Erik G. Braathen and Kristina Jacobsen as board members.¹

Services

Cenzia delivers services through agreements for active management or investment advice.¹ The firm states that its management covers all asset classes.¹ It assumes overall responsibility for a diversified portfolio for most clients, while some clients use its expertise in individual asset classes such as fixed income or equities.¹

The firm says portfolio strategies are determined jointly with clients after assessing their objectives and risk tolerance.¹ It identifies investments and continuously monitors them as central parts of its work.¹ Cenzia reports access to external managers through a domestic market network and an overseas network.¹

What the firm offers

• Investment management

Client focus

Cenzia states that it serves private individuals, family owned companies and foundations.¹ It says some clients experience the firm as their own family office.¹

Investment philosophy and approach

The firm identifies diversification across asset classes as its principal tool for withstanding market fluctuations.¹ Cenzia says it does not attempt to time the market, while seeking to reduce portfolio risk when valuation is high according to various measures.¹

Cenzia describes itself as an independent adviser without ties to fund providers.¹ It says it invests mainly through external managers and seeks managers investing in companies with sustainable business models.¹ Cenzia is a member of Norsk forum for ansvarlige og bærekraftige investeringer, known as Norsif.¹ It says it uses fintech company Datia for ESG and sustainability data reporting.¹ The firm states that it does not take negative sustainability impacts into account because of limited data availability, but may reconsider if data improves.¹

FAQs

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Sources

1. Cenzia accessed 2026 10 23.

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.