LHV Group Elects Mihkel Torim as New CEO

Core Insights - Mihkel Torim has been elected as the new Chairman of the Management Board and CEO of LHV Group, effective from July 22, 2025, succeeding Madis Toomsalu [1][5] - Torim brings over 20 years of experience in capital markets and investment banking, having previously held senior roles at Swedbank and leading LHV's investment banking operations since early 2023 [2][5] - As part of his new role, Torim will also join the Supervisory Board of AS LHV Pank and is expected to be involved with other key subsidiaries of LHV Group [3] Company Overview - LHV Group is the largest domestic financial group and capital provider in Estonia, with key subsidiaries including LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited [7] - The Group employs over 1,150 people and serves a significant client base, with 468,000 clients using its banking services, 113,000 active clients in pension funds, and 176,000 clients protected by LHV Kindlustus [7] - LHV Bank Limited holds a banking license in the UK and provides services to international fintech companies and loans to SMEs [7] Leadership Transition - Rain Lõhmus, Chairman of the Supervisory Board, expressed confidence in Torim's capabilities, highlighting his dedication and understanding of value creation in investment banking [5] - Torim aims to focus on growing the company's value, emphasizing innovation, operational excellence, and a client-first culture [6]