“IPAS Indexo Subsidiary Applies for Bank License and Announces New Board and Council Members”

The subsidiary company of IPAS “Indexo”, which in the future, after receiving the bank license, will become “Indexo” bank, has submitted a request to the Commercial Register to register the board and council in a new composition.

The changes foresee that Valdis Siksnis will become the chairman of the board of the company and the future bank. On the other hand, Valdis Vancovičs was elected as the chairman of the council.

Also, the board members of the newly established bank will be Tīna Kukka, who is currently the bank’s project licensing manager and will later be the bank’s finance manager, Vladimirs Bolbats, who takes care of the development of the bank’s offer of services for private individuals, Gints Ozoliņš, whose competence is technology development, Evija Sloka, who will be the bank’s risk manager, Ieva Margeviča, as the bank’s marketing and communication manager and Līga Katrīna Kļaviņa, who will be the bank’s compliance manager.

In 2017, Sisnis and his colleagues founded the pension management company IPAS “Indexo”, which promoted competition in the Latvian pension market and is currently the fastest growing pension management company in Latvia. He is also a consultant at the financial consulting company “Callidus Capital”, and earlier he also worked on the boards of Nordea Bank Polska, SIA “Latvijas Piens”, Latvian Commercial Banks Association, the American Chamber of Commerce in Latvia and the Swedish Chamber of Commerce in Latvia.

After the start of the bank’s operation, the current member of the board and co-founder of Indexo, Henriks Karmo, who has more than 20 years of experience in financial management, will become the chairman of the board of IPAS “Indexo”. management company Tulundusühistu Tuleva.

Coordination of all board and council candidates with the financial sector supervisory institutions in Latvia and the European Union is part of the licensing process.