Governance

Governance commitment

At Swedbank we understand governance as the balance of relationships between our shareholders, management bodies, employees, our subsidiaries and other stakeholders. We follow the best managerial practices to ensure effective corporate culture that fosters trust, engages employees towards common goals and brings value to all parties.

Swedbank Estonia Management

Head of Swedbank Estonia together with other members of the Management Board and the extended Management Team are responsible for Swedbank Estonia’s day-to-day operations in accordance with Swedbank Group’s strategic direction and established policies, and in compliance with the external regulations. The Management Board ensures the proper accounting and effective internal control systems. The Management Board reports to the Council.

Management Board members:

Olavi Lepp

Chairman of the Management Board, Head of Swedbank Estonia

Ede Raagmets

Head of Customer Service

Anna Kõuts

Chief Financial Officer

Eero Treumann

Head of Corporate Customer Division

Tarmo Ulla

Head of Private Customer Division

Annemari Õunpuu

Head of Compliance

Raul Vahtra

Head of Anti-Financial Crime Division

Jelena Raid

Chief Risk Officer

Olavi Lepp

Chairman of the Management Board, Head of Swedbank Estonia

Ede Raagmets

Head of Customer Service

Anna Kõuts

Chief Financial Officer

Eero Treumann

Head of Corporate Customer Division

Tarmo Ulla

Head of Private Customer Division

Annemari Õunpuu

Head of Compliance

Raul Vahtra

Head of Anti-Financial Crime Division

Jelena Raid

Chief Risk Officer

Extended Management Team members:

Liisa-Maria Lees

Head of HR and Infrastructure

Riho Roopõld

Head of Legal Divison

Katri Link

Head of Brand, Communication & Sustainability Division

Liisa-Maria Lees

Head of HR and Infrastructure

Riho Roopõld

Head of Legal Divison

Katri Link

Head of Brand, Communication & Sustainability Division

The Council

The Council is a supervising body responsible for overseeing the activities of Swedbank Estonia and its Management Board, including supervising that Swedbank Estonia has sound and effective risk management, internal control, governance, nomination and remuneration process and auditing in place. The Internal Audit is reporting directly to the Council. The Council committees – Audit Committee, Risk Committee, Nomination and Remuneration Committee are assisting the Council in fulfilling its responsibilities.

Council members:

Stefan Frisk

Deputy Chair of the Council
Deputy Chief Legal Officer, Swedbank AB

Lars Lennart Höglund

Head of CRO Office
Swedbank AB

Anna Peyron Lindström

Head of Strategy & Transformation, Swedbank AB

Valdur Laid

Independent Council Member

Kai Realo

Independent Council Member

Stefan Frisk

Deputy Chair of the Council
Deputy Chief Legal Officer, Swedbank AB

Lars Lennart Höglund

Head of CRO Office
Swedbank AB

Anna Peyron Lindström

Head of Strategy & Transformation, Swedbank AB

Valdur Laid

Independent Council Member

Kai Realo

Independent Council Member

Subsidiaries

In Estonia Swedbank operates alongside other subsidiaries such as Swedbank Liising, Swedbank Life Insurance, Swedbank P&C Insurance and Swedbank Investeerimisfondid.

Swedbank Liising AS

Swedbank Liising AS is a subsidiary of Swedbank Estonia and started its business operations in Estonia back in 1993. In following years, leasing subsidiaries in Latvia and Lithuania were launched. Today it is one of the largest leasing and factoring companies in the Baltics, offering cars, trucks and other equipment financing services, including financial lease, operating lease and operating lease with services.

Swedbank Life Insurance SE

Life Insurance SE with company’s headquarters in Estonia provides life insurance and financial services in all Baltic countries. That comprises both term life and saving insurance, including pension insurance.

Swedbank P&C Insurance AS

Established in 2006 in Estonia, Swedbank P&C Insurance AS is a non-life insurance company. Swedbank P&C Insurance AS operates through its branches in Latvia and Lithuania as well, and provides a range of non-life insurance services, including CASCO insurance (motor own damage or MOD), MTPL insurance (motor third party liability), home and apartment building insurance, travel insurance, purchase insurance and payment protection insurance.

Swedbank Investeerimisfondid AS

Established in 1994, Swedbank Investeerimisfondid AS is owned by Swedbank Robur AB, which is a part of Swedbank Group. Swedbank Investeerimisfondid AS is the first and largest investment management company in Estonia offering best investment expertise, world class investment solutions and competence in the management of pension funds. The company manages II pillar pension funds, III pillar pensions funds and institutional portfolios.

Annual reports

Older reports

Interim reports

Other reports

Swedbank Baltics reports

Annual reports

Older reports

Interim reports

Annual reports

Older reports

Interim reports

Swedbank Baltics AS

Swedbank Baltics AS is a sole shareholder of Swedbank Estonia. Swedbank Baltics AS together with its subsidiary banks, including Swedbank Estonia, forms the Baltic consolidation group, supervised by the European Central Bank.

Swedbank Baltics AS provides the strategic guidance to Swedbank Estonia and coordinates the business development and processes, enabling Swedbank Estonia to benefit from Swedbank Group synergies. Swedbank Baltics AS is a holding company and does not provide financial services and has no customers.

The management bodies of Swedbank Baltics AS are the supervisory Council and executive Management Board.

Management Board members:

Olof Sundblad

Acting Chair of the Management Board
Acting Head of Baltic Banking

Petteri Nikkola

Chief Risk Officer

Tiina Sepa

Chief Legal Officer

Kerstin Pilt

Chief Compliance Officer

Juris Bogdanovs

Head of Anti Financial Crime

Andres Tukk

Head of Private Segment

Ieva Vīgante

Head of Corporate Segment

Loreta Lapinskaitė

Head of Channel Management

Olof Sundblad

Acting Chair of the Management Board
Acting Head of Baltic Banking

Petteri Nikkola

Chief Risk Officer

Tiina Sepa

Chief Legal Officer

Kerstin Pilt

Chief Compliance Officer

Juris Bogdanovs

Head of Anti Financial Crime

Andres Tukk

Head of Private Segment

Ieva Vīgante

Head of Corporate Segment

Loreta Lapinskaitė

Head of Channel Management

Management Team members

Rūta Kinderytė

Business Information Officer

Kęstutis Vanagas

Head of Communication & Marketing

Agita Jākobsone

Head of Baltic Banking
Human Resources

Rūta Kinderytė

Business Information Officer

Kęstutis Vanagas

Head of Communication & Marketing

Agita Jākobsone

Head of Baltic Banking
Human Resources

Council members:

Jens Henriksson

Group Chief Executive Officer and Chair of the Council

Charlotte Rydin

Group Chief Legal Officer

Jon Henrik Lidefelt

Group Chief Financial Officer

Jens Henriksson

Group Chief Executive Officer and Chair of the Council

Charlotte Rydin

Group Chief Legal Officer

Jon Henrik Lidefelt

Group Chief Financial Officer

Swedbank Group

Swedbank Estonia is a part of Swedbank Group, whose ultimate parent is Swedbank AB (publ). The shares of Swedbank AB are listed on the NASDAQ OMX Stockholm stock exchange.

Board of Directors and Group Executive Committee

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Governance

Governance commitment

Swedbank Estonia Management

Management Board members:

Olavi Lepp

Ede Raagmets

Anna Kõuts

Eero Treumann

Tarmo Ulla

Annemari Õunpuu

Raul Vahtra

Jelena Raid

Olavi Lepp

Ede Raagmets

Anna Kõuts

Eero Treumann

Tarmo Ulla

Annemari Õunpuu

Raul Vahtra

Jelena Raid

Extended Management Team members:

Liisa-Maria Lees

Riho Roopõld

Katri Link

Liisa-Maria Lees

Riho Roopõld

Katri Link

The Council

Council members:

Stefan Frisk

Lars Lennart Höglund

Anna Peyron Lindström

Valdur Laid

Kai Realo

Stefan Frisk

Lars Lennart Höglund

Anna Peyron Lindström

Valdur Laid

Kai Realo

Subsidiaries

Swedbank Liising AS

Swedbank Life Insurance SE

Swedbank P&C Insurance AS

Swedbank Investeerimisfondid AS

Reports

Annual reports

Interim reports

Other reports

Annual reports

Interim reports

Annual reports

Interim reports

Swedbank Baltics AS

Management Board members:

Olof Sundblad

Petteri Nikkola

Tiina Sepa

Kerstin Pilt

Juris Bogdanovs

Andres Tukk

Ieva Vīgante

Loreta Lapinskaitė

Olof Sundblad

Petteri Nikkola

Tiina Sepa

Kerstin Pilt

Juris Bogdanovs

Andres Tukk

Ieva Vīgante

Loreta Lapinskaitė

Management Team members

Rūta Kinderytė

Kęstutis Vanagas

Agita Jākobsone

Rūta Kinderytė

Kęstutis Vanagas

Agita Jākobsone

Council members:

Jens Henriksson