A former CEO of asset management company Finasta Asset Management Andrej Cyba is appointed as Chairman of the Board and CEO of investment bank Finasta. Starting January 24, 2015 he will replace the current CEO Robertas Čipkus, who temporarily stays in the management board.
In the shareholders meeting Nerijus Drobavičius (chairman), Darius Šulnis and Vytautas Plunksnis were elected as the new members of the Supervisory Council of bank Finasta. They are the representatives of Invalda LT, one of the largest companies in Lithuania investing in other businesses and managing assets.
“A.Cyba works in Finasta Group from 2004 and is acknowledged by the partners and colleagues for his professionalism, outstanding competencies and long-term experience in finance industry. Therefore we believe that A.Cyba is a right person to take over the leadership of the bank and ensure its successful further development”, – says Darius Šulnis President of Invalda LT that owns 99,99% shares of bank Finasta.
“In 5 years spent at bank Finasta I have accomplished together with a team many important tasks, one of them – finalizing the sale of the Finasta Group. I am glad that Finasta was acquired by the strong shareholder, who together with the professional team will ensure the further successful development of the companies. Starting January 26 I will continue my career in the other group of the companies, in the industry I am very interested in”, – says R.Čipkus.
About Finasta Group:
Finasta Group is owned by Invalda LT one of the largest companies in Lithuania investing in other businesses and managing assets. Invalda LT is listed on NASDAQ OMX Vilnius stock exchange.
At the end of November 2014 bank Finasta equity capital amounted to 6.1 million euros and assets – 65.4 million euros.
A number of clients of Finasta Asset Management in Lithuania reached about 50 thousand and assets under management amounted to EUR 134 million at the end of 2014.
For more information please contact:
Andrej Cyba
CEO, Chairman of the Board
Bank Finasta
+37062068392