Piret Paulus, head of sales and marketing at Inbank and the former head of Coop Finance, has been appointed a member of the management board of Inbank in Estonia.
Girts Ledins was appointed head of Inbank's Latvian subsidiary, Inbank announced on Thursday.
"We are very pleased that after launching Coop Finance, Piret decided to join the Inbank team to build a new kind of bank," Priit Põldoja, chairman of the supervisory board of Inbank, said in a press release. "As a result of her work, Coop Finance grew from scratch to a profitable company that meets the financial needs of hundreds of thousands of clients."
Paulus has worked in the financial sector for a long time; for the last six years, she managed Coop Finants AS, a joint venture of Inbank and Coop Eesti. Since December 2016, Paulus has been responsible for sales and marketing at Inbank. She has also worked as head of the Small Financing Department of the Business Development Division of Swedbank's Baltic Banking, where she was responsible for the strategy and development of unsecured credit products and credit cards in Estonia, Latvia and Lithuania. Prior to this, she managed various areas of consumer financing at Hansabank and Swedbank from 2004 onwards.
The management board of Inbank now consists of four members: CEO Jan Andresoo, CFO Marko Varik, Head of Business Processes Liina Sadrak, and Head of Sales and Marketing Piret Paulus.
In order to pursue changes made in the operating strategy of Inbank's Latvian subsidiary late last year, a new manager, Girts Ledins, joined Inbank's Latvian team in mid-May. The new CEO's earlier positions include those of manager of the business area of leasing at Norvik Bankas and manager of Latvian financial company Mogo. Ledins was one of the founders and the CEO of Motoro Leasing and has also worked for auditing firms BDO and Deloitte.
As a result of changes in the management board of the Latvian company, Inbank will repurchase the 10 percent holding from the former manager of Inbank Lizings, after which it will be the sole owner of the subsidiary.
Editor: Aili Vahtla