Betsy is a senior financial services expert with over 40 years’ experience; she has an excellent track record in risk management and driving organisational change. Most recently, she was on the Executive Committee of The European Bank for Reconstruction and Development (“EBRD”) and served as the bank’s Vice President Risk and Compliance and Chief Risk Officer. Prior to this, she was Head of Credit Department in the Risk Specialists Division at the Financial Services Authority (now PRA) in the United Kingdom, following a 30 year career at JPMorgan Chase, where she held a number of senior management positions, including Head of Corporate Banking and Head of Client Credit Management in EMEA.
 
Chairman of the Supervisory Council of Luminor Bank Nils Melngailis says: “We are pleased to welcome Betsy to the team. She brings a wealth of international banking and risk management experience which will be invaluable to the Luminor team; we look forward to working with her.”
 
Luminor is the third-largest provider of financial services in the Baltics, providing banking and financial services to help individuals, companies and institutions grow in its home markets of Estonia, Latvia and Lithuania. Luminor has some 900,000 clients, 2,355 employees, and a market share of 16.3% in deposits and 17.4% in lending as at the end of September 2020. Luminor has total shareholders’ equity of 1.6 billion EUR and it is well-capitalised with a CET1 ratio of 22.0%.