The supervisory board of Luminor, the new bank being formed by the merger of DNB and Nordea's Baltic operations, revealed its management team. Gunnar Toomemets will head the bank's Estonian operations.
For the past seven years, Toomemets has served as director of Private Banking at Swedbank Estonia. He has also previously worked as head of Swedbank's Leasing Division and served as CEO of Swedbank Leasing.
Chairman of the board of the future bank Erkki Raasuke said that Luminor wants to bring together the best competence of the region's banking business and technology sector.
Luminor's management is to include:
Erkki Raasuke, chairman of the board
Christian Wallentin, CFO
Gunnar Toomemets, head of Luminor Estonia
Kerli Gabrilovica, head of Luminor Latvia
Andrius Načajus, head of Luminor Lithuania
Kristina Siimar, product and bid manager
Margus Simson, digital channels manager
Hannu Saksala, risk manager
Peter Lunding, IT manager
The merger of DNB and Nordea's Baltic operations, which is currently pending the approval of the Baltics' financial supervision and competition authorities, is planned to be completed at the end of the third quarter of 2017.
Until final approval is secured, both banks will continue to operate independently under their current management.
Editor: Aili Vahtla