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
7315
Submission date and time
27.05.2019 08:00:00
Content of announcement in Estonian
Title
Muudatused AS-i LHV Varahaldus juhatuses
Message
AS-i LHV Group konsolideerimisgruppi kuuluva fondivalitseja AS-i LHV Varahaldus nõukogu kavatseb 5. juunil 2019 võtta vastu otsuse, mille kohaselt valitakse alates 6. juunist LHV Varahalduse tegevjuhiks ja uueks juhatuse liikmeks Vahur Vallistu. Vastavalt varasemas börsiteates avaldatule astub Mihkel Oja pärast uue juhatuse liikme valimist tagasi. Varasema börsiteatega saab tutvuda siin: https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=873662&mes sageId=1099469. Mihkel Oja tagasiastumine toimub pärast tööülesannete üleandmist juunikuus. Pärast Mihkel Oja tagasiastumist kuulub äriühingu juhatusse kaks liiget: Vahur Vallistu ja Joel Kukemelk. "Seadusandluse muutlikkusest hoolimata on LHV Varahalduse ülesandeks fondide, sealhulgas pensionifondide, investoritele parima tootluse pakkumine. Peame suutma jätkuvalt tõestada, et jõukus koguneb säästmise ja investeerimise kaudu, mitte aga läbi pensionipõlve arvelt tarbimise. Seejuures usume, et riigi poolt pensionifondide investeeringute piirangute vähendamisega on loodud eeldused senisest kõrgema pikaajalise tootluse saavutamisele. See omakorda nõuab senisest suuremas ulatuses börsiväliste investeeringute tegemist, mistõttu muuhulgas saab Vahuri üheks oluliseks ülesandeks investeerimismeeskonna tugevdamine. Ühtlasi on oluline, et peamiselt pensionifondidele keskendunud LHV Varahaldus suudaks tulevikus turule tulla ka muude investeerimistoodetega," ütles LHV Groupi juhataja Madis Toomsalu. "Ootan põnevusega LHV Varahalduse meeskonnaga liitumist. Senine pikaajaline pensionifondide tootlus kõikide investeerimisstrateegiate lõikes tõendab ilmekalt, et tegu on võimeka organisatsiooni ning pühendunud inimestega," kommenteeris Vahur Vallistu. "Samas seisavad ees uued väljakutsed ja võimalused; sel aastal rakenduvate investeerimispiirangute leevenemisega seonduvalt plaanime senisest enam vaadata börsiväliste investeeringute suunas ning seda nii kinnisvaras kui ka teistes varaklassides," lisas Vallistu. Vahur Vallistu on alates 2011. aastast töötanud Swedbank AS-i projektifinantseerimise osakonnas ning olnud 2018. aastast Swedbank AS-i korporatiivpanganduse komitee liige. Ta kuulub SA Haridussõprade Toetusfond nõukokku. Vahur Vallistu ei oma AS-i LHV Group aktsiaid. Ta on lõpetanud Stockholmi Kõrgema Majanduskooli Riias ning omab CFA sertifikaati. LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV Groupi peamised tütarettevõtted on LHV Pank ja LHV Varahaldus. LHV-s töötab üle 400 inimese. LHV pangateenuseid kasutab 174 000 klienti ja LHV hallatavatel pensionifondidel on üle 177 000 aktiivse kliendi. Priit Rum LHV kommunikatsioonijuht Telefon: 502 0786 E-post:[email protected]
Content of announcement in English
Title
Changes in the Management board of AS LHV Varahaldus
Message
The Supervisory board of AS LHV Varahaldus, a fund management company belonging to the AS LHV Group consolidation group, intends on 5 June 2019 to pass a decision appointing Vahur Vallistu the CEO and Management board member of AS LHV Varahaldus as of 6 June. Pursuant to a previous announcement, Mihkel Oja will resign after a new Management board member has been appointed. The relevant announcement is available here: https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=873662&mes sageId=1099468. Mihkel Oja's resignation will take place after the transfer of duties in June. After the resignation of Mihkel Oja, the Management board will consist of two members: Vahur Vallistu and Joel Kukemelk. "Regardless of inconsistencies in legislation, the aim of LHV Varahaldus is to offer the best performance to the investors of the investment funds, including pension funds. We need to be able to continuously demonstrate that wealth is accumulated through saving and investing, not by consuming at the expense of retirement age. We thereby believe that thanks to the alleviation of the investment restrictions made by the legislator, conditions have been created to achieve even higher long-term performance. That in turn requires an increase in the percentage of non-listed investments, which is why one of the important tasks of Vahur will be reinforcement of the investment team. It is also important that LHV Varahaldus which is mainly focused on the management of pension funds could in the future bring other investment products to the market," said Madis Toomsalu, the CEO of LHV Group. "I look forward to joining the team of LHV Varahaldus. The historical long-term performance of the pension funds across all investment strategies proves distinctly that it is a capable organization with dedicated people," commented Vahur Vallistu. "On the other hand, new challenges and opportunities lie ahead; as a result of the alleviation of investment restrictions coming into effect this year, we intend to increasingly look towards non-listed investments both in real estate and other asset classes," added Vallistu. As of 2011, Vahur Vallistu has been working in the project financing department of AS Swedbank and as of 2018, has been a committee member of the Corporate banking. He belongs to the Supervisory board of SA Haridussõprade Toetusfond. Vahur Vallistu does not own shares of AS LHV Group. He has graduated from the Stockholm School of Economics in Riga and has a CFA certificate. LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are LHV Pank and LHV Varahaldus. LHV employs over 400 people, and 174,000 customers use LHV's banking services. Pension funds managed by LHV have more than 177,000 active clients. Priit Rum LHV Communication Manager Phone: +372 502 0786 Email: [email protected] (mailto:[email protected])