As of May 12, Jānis Mūrnieks will be the Head of Development for the Retail Banking Segment at AS INDEXO Bank. J. Mūrnieks has previously served as the Head of Retail Banking at AS Citadele Bank and joins INDEXO Bank with over 20 years of experience in the banking industry. Meanwhile, the former Head of Development for the Retail Banking Segment and Board Member of INDEXO Bank, Vladimirs Bolbats, has accepted the challenge to continue his career in international financial markets.

"I would like to thank Vladimir for his energy and enthusiasm. He has been one of the key people in preparing the bank for operation and during its first months of activity. I wish Vladimir success in his future professional career. I am also pleased that we have managed to find a  dignified replacement for Vladimir – Jānis Mūrnieks. Jānis has both substantial previous experience and, most importantly, the desire to achieve positive changes in the Latvian financial sector together with the rest of the INDEXO team," says Valdis Siksnis, Chairman of the Management Board of AS INDEXO Banka and one of the founders.

From 2021 until the beginning of this year, Jānis Mūrnieks was the Head of Retail Banking at AS Citadele Bank, and before that, he held various senior positions in UniCredit financial group companies, including being the Head of UniCredit Leasing in Latvia and Chairman of the Board of UniCredit Insurance Broker. J. Mūrnieks has also worked within the UniCredit group in Milan, Italy. He holds a Master's degree in Business Management from RTU Riga Business School, as well as a Bachelor's degree with a specialization in banking.

Upon leaving the board of INDEXO Bank, Vladimirs Bolbats emphasizes: "This has undoubtedly been the most interesting phase of my career so far. It is a unique experience to establish a bank and develop products from the ground up. With the introduction of the mortgage loan product to the market in the coming weeks, a wide range of services for individuals is ensured. I am grateful for the opportunity to have been part of the team and am proud of what has been achieved. I wish the INDEXO Bank team continued success in the development of the bank and the achievement of its goals.'"

Jānis Mūrnieks' candidacy for the position on the board of INDEXO Bank will be submitted for approval to the Bank of Latvia. The board of INDEXO Bank also includes Valdis Siksnis (Chairman of the Board), Ieva Bauma, Gints Ozoliņš, Evija Stūrmane, and Ivita Asare.

About INDEXO

INDEXO is a financial services group that includes pension management companies and INDEXO Bank.     

INDEXO, an investment management company licensed by the Bank of Latvia, offers modern 2nd and 3rd pillar pension plans in Latvia. It is one of the fastest-growing pension managers in the Baltics, with over 144 thousand customers and more than EUR 1.3 billion assets under management.          

INDEXO Bank, a credit institution licensed by the European Central Bank, serves over 33 thousand clients, with total client funds amounting to EUR 47.9 million and EUR 9,5 million in issued consumer loans.         

Founded and headquartered in Latvia, INDEXO is a Nasdaq Riga-listed company with more than 6,400 shareholders. Its mission is to fight for a better financial environment in Latvia and strengthen the well-being of Latvian residents by providing modern and personalized financial services.  For more information visit www.indexo.lv.