Today, on the 17th of May 2017, the Management Team appointments of the new combined bank of Nordea and DNB in the Baltic countries, Luminor, have been announced. The establishment of the Management Team, including the appointed Country Head’s positions of Luminor in all three Baltic countries, is a major milestone in the creation of the new bank.
Kerli Gabrilovica is appointed to the position of the Country Head of Luminor in Latvia, whereas Andrius Nacajus is appointed to the same position for Luminor in Lithuania, but Gunnar Toomemets will step in as the Head of Luminor in Estonia.
Andrius Nacajus has an extensive professional background, for more than 15 years working in banking and finance sector. He has profound business knowledge in corporate business, capital markets, financial products sales and wealth management, previously working as the Head of Investment Banking and later on as the Head of Markets in the Baltics, Head of Corporate Banking and member of Management Board of DNB Bank in Lithuania.
Kerli Gabrilovica is a senior executive with almost 20 years of experience and strong background in strategy execution and implementation, corporate and business development, organizational transformation, financial analysis and team management. For more than last 10 years she has been heavily involved in executing innovative market strategies and introducing product novelties across the market, occupying executive positions and later on being Board Member of the largest telecommunications company in Latvia “Lattelecom”. She has extensive experience in marketing, digital solutions, product development and technology.
Gunnar Toomemets has almost 20 years of working experience in finance sector, for the last 7 years working as the Head of Private Banking in Swedbank Estonia and previously as the Head of Leasing Division and later on CEO of the Swedbank Leasing Company in Estonia. He has strong management background in cross-border and across country team management.
“I am pleased to announce this strong and experienced team, which is starting to build future Luminor. We have brought together the solid knowledge of our parent organisations with rich Baltic banking and technology experience. We have many challenges ahead but this makes us only more eager to get started,” Erkki Raasuke, CEO of Luminor.
Appointed Management Team of Luminor will consist of the following positions:
The Management Team will be supported by Extended Executive Management members:
“We aim to become the leading bank in the Baltic region, offering high quality product alternatives rooted in a strong customer service and quality control. The diverse management team of Luminor represents a wide range of leadership and expertise with team members from both Baltic and Nordic countries. This will ensure an innovative environment responsive to customer needs, strong leadership and exciting opportunities for our staff,” says Nils Melngailis, Chairman of Luminor Group AB.
The transaction is conditional upon regulatory approvals and conditions, and is expected to close around the end of Q3 2017. The banks will operate independently under current management and existing brands until all necessary approvals have been received.
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