Market announcement

AS LHV Group

LEI code

529900JG015JC10LED24

Size of the entity

Large group

Economic activities

Financial and Insurance Activities

Industry sector(s)

Credit institution

Country of registered office

Estonia

General information

Categories

Other corporate action

Unique data record identifier

10408

Submission date and time

05.06.2023 16:30:00

Content of announcement in Estonian

Title

Gary Sher lahkub LHV Bank Limitedi finantsjuhi kohalt

Message

AS-i LHV Group tütarettevõtte LHV Bank Limitedi finantsjuht ja juhtkonna liige
Gary Sher lahkub ametist 8. septembril. LHV Bank on juba alustanud uue
finantsjuhi otsinguid.

"Gary Sher liitus LHV Bankiga 2021. aasta juulis, kui alustasime pangalitsentsi
taotlemise protsessi. Ta on aidanud kaasa LHV Banki ülesehitamisele ja ühtlasi
pangalitsentsi saamisele. Täname teda viimase kahe aasta olulise panuse eest ja
soovime talle edaspidiseks edu," kommenteeris LHV Banki juhtkonna esimees Madis
Toomsalu.

LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV
Groupi peamised tütarettevõtted on LHV Pank, LHV Varahaldus ja LHV Kindlustus.
Grupi ettevõtetes töötab üle 930 inimese. LHV pangateenuseid kasutab aprilli
lõpu seisuga 394 000 klienti, LHV hallatavatel pensionifondidel on 131 000
aktiivset klienti ja LHV Kindlustusega on kaitstud 158 000 klienti. Groupi
tütarettevõte LHV Bank omab Ühendkuningriigi pangalitsentsi ning pakub
pangateenuseid rahvusvahelistele finantstehnoloogia ettevõtetele ja laenusid
väike- ja keskmise suurusega ettevõtetele.


Priit Rum
LHV kommunikatsioonijuht
Telefon: 502 0786
E-post: [email protected] (mailto:[email protected])

Content of announcement in English

Title

Gary Sher resigns the CFO position of LHV Bank Limited

Message

Gary Sher, Chief Financial Officer and Board Director of LHV Bank Limited, a
subsidiary of AS LHV Group has resigned from his positions with LHV Bank. Mr
Sher will remain in his role until 8 September. The search for his successor has
commenced with immediate effect.

Madis Toomsalu, Chairman of the Board said "Gary Sher joined LHV Bank in July
2021 at the beginning of the banking licence process. He has been instrumental
in the building of LHV Bank and subsequent approval of the firms banking
licence. We would like to thank Gary for his significant contribution over these
last 2 years and wish him every success in the future."

LHV Group is the largest domestic financial group and capital provider in
Estonia. LHV Group's key subsidiaries are LHV Pank, LHV Varahaldus, and LHV
Kindlustus. The Group's companies employ more than 930 people. As at the end of
April, LHV's banking services are being used by 394,000 clients, the pension
funds managed by LHV have 131,000 active clients, and LHV Kindlustus is
protecting a total of 158,000 clients. The Group's subsidiary LHV Bank owns a
banking licence in the United Kingdom and offers banking services to
international fintech companies and loans to small and medium-sized enterprises.


Priit Rum
Communication Manager
Phone: +372 502 0786
Email: [email protected] (mailto:[email protected])