Effective 26 October 2026, Harijs Kovaļevskis has been appointed to the Management Board of AS Attīstības finanšu institūcija Altum (hereinafter – ALTUM) for a three-year term of office.
Harijs Kovaļevskis holds a Bachelor’s degree in Economics and Business, a Master’s degree in Economics with a specialisation in finance and credit, as well as the ACCA qualification.
Harijs Kovaļevskis has more than 20 years of experience in the financial sector, including service as a management board member, chief financial officer and in other senior management positions at international and Latvian organisations.
From October 2024 to April 2026, Harijs Kovaļevskis served as Chief Financial Officer of JSC Primero, JSC Mogo and JSC MogoRent, with responsibility for the companies’ financial management and planning, fundraising and other finance-related matters.
From January 2022 to March 2024, Harijs Kovaļevskis served as a management board member and Chief Financial Officer of LLC ACBR and LLC 8CBR. From May 2008 to April 2020, he served as a management board member and Chief Financial Officer of JSC SEB Dzīvības apdrošināšana and JSC SEB atklātais pensiju fonds.
From September 2003 to April 2008, Harijs Kovaļevskis served as Head of Financial Planning and Analysis and Investment Management at JSC BALTA.
Reinis Bērziņš continues to serve as Chairman of the ALTUM Management Board, alongside Management Board members Jēkabs Krieviņš and Inese Zīle.
ALTUM is a Latvian state-owned company that ensures access to financial resources for enterprises and households through financial instruments – loans, guarantees and investments in venture capital funds – in areas identified by the state as requiring support and being important for the development of the national economy, thereby facilitating the mobilisation of private capital and financial resources. On 28 January 2025, the international credit rating agency Moody’s Ratings (“Moody’s”) affirmed ALTUM’s Baa1 long-term issuer rating with a stable outlook. The long-term issuer rating and the P-2 short-term rating remain unchanged from the levels affirmed on 2 February 2024. The credit rating assessment was conducted in accordance with Moody’s Finance Companies Methodology of July 2024. Moody’s rating assigned to ALTUM is among the highest credit ratings assigned to Latvian corporate entities. On 24 October 2017, ALTUM’s bonds were admitted to trading on the regulated market – the Baltic Bond List of Nasdaq Riga.