INVL Asset Management will be led by Paulius Žurauskas
19 Junio 2023 - 1:00AM
INVL Asset Management will be led by Paulius Žurauskas
On completion of the merger of part of the
retail businesses of Invalda INVL and Šiaulių Bankas, Paulius
Žurauskas will become the CEO of INVL Asset Management, which will
remain part of the INVL group. The Bank of Lithuania still needs to
approve him for the position. As of 17 July and on an interim
basis, until the deal closes, Paulius Žurauskas is being appointed
Head of Asset Management Operations at INVL Asset Management,
reporting to the Board of Directors.
The company’s current CEO, Laura Križinauskienė,
will head INVL Asset Management until completion of the transaction
and, it is planned, will join the management team of the Šiaulių
Bankas group.
For the past three years, Paulius Žurauskas has
been Head of Markets for the Baltics at Luminor. He began his
career at Finasta, an INVL group company, and then spent nearly 15
years at SEB Bank in a variety of leadership roles, contributing
significantly to the development of the capital market in the
region through his work arranging important bond transactions on
the local and international market. “We highly regard
Paulius’s successful track record in the Baltic financial sector,
his knowledge of the capital markets, and his ability to lead teams
to achieve their goals. Highly important is that we share the
same vision for further growth, setting the highest standards for
ourselves, and focusing on clients' needs,” says Darius Šulnis, the
Chairman of the Board of INVL Asset Management.
“Alternative asset management services have huge
potential for further growth in our region. INVL’s team has
demonstrated time-tested leadership in this business, and I am
happy and proud to be able to join this success story. I’m
confident that we will continue growing value for investors and
creating investment services that meet the highest standards,”
Paulius Žurauskas says.
About the INVL group INVL is the
leading investment management and life insurance group in the
Baltic region. Its companies manage pension and mutual funds and
life insurance directions, individual portfolios, private equity,
and other alternative investments. Over 300,000 clients in
Lithuania, Latvia and Estonia and international investors have
entrusted the group’s companies with the management of more than
EUR 1.9 billion of assets. In the business for more than 30 years
now, the group has solid experience in managing private equity
assets and building market players that are leaders in their
respective fields in the Baltic countries and Central and Eastern
Europe.
Person authorised to
provide additional information: Darius Šulnis President
of Invalda INVL E-mail darius.sulnis@invl.com
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