Published: 2018-08-21 08:00:00 CEST
LHV Group
Changes board/management/auditors

Kadri Kiisel appointed as Member of AS LHV Pank Management Board

On 17 August, the Supervisory Board of AS LHV Pank, that belongs to the AS LHV Group consolidation group, decided to appoint Kadri Kiisel as the new Head of Retail Banking and a member of the LHV Pank Management Board. She will start at the position from 21 August. The Management Board now has seven members.

Retail banking of LHV Pank is responsible for the bank’s sales and customer service, digital banking as well as retail investment and financing products. LHV bank’s retail banking has more than 140 000 customers and 100 employees. "As the head of our branches Kadri has already carried the responsibility for a large portion of our retail banking. She is very familiar with our people and our products. For seven years already, she has taken part in the rapid growth of the bank. The Management Board of LHV will get an addition of a very good and experienced leader," said Erki Kilu, CEO of LHV Pank.

"For me as a professional LHV has always been the best employer and for me as a client it has been the bank with the best service," Kadri Kiisel commented. "I am confident that the inner complacency of our organization radiates outwards and makes it more attractive to also new customers. If they discover our services to be simple, fast and useful, it is a reason for satisfaction. LHV’s retail banking will continue with a good pace and will focus on digital solutions, in order to offer our customers the best overall banking experience," Kiisel added.

Kadri Kiisel will also continue on as the manager of AS LHV Finance, a subsidiary of LHV Pank. Andres Kitter, the former head of retail banking, will continue as a member of LHV bank’s Management Board and will lead the bank’s financial intermediaries business line as well as manage the UK branch.

Kadri Kiisel has acquired a MBA degree in finance from University of Tartu. She has worked in LHV Pank since 2011 starting as the manager of LHV Pank’s Tallinn branch, since 2017 she has been the head of branches and since 2018 a member of AS LHV Finance Management Board. Earlier she has worked as the purchase manager of Luku-Expert OÜ in 2006–2011 and a sales engineer in AS Merx in 2003–2006.

Kadri Kiisel holds 5 shares of AS LHV Group and has the opportunity to require 4556 shares of AS LHV Group for options issued in 2017 and 2018.

LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are AS LHV Pank and AS LHV Varahaldus. LHV employs about 380 people and about 149,000 customers use LHV’s banking services. Pension funds managed by LHV have 179,000 active customers.


Priit Rum
Communication Manager
Phone: +372 502 0786
Email: priit.rum@lhv.ee