On 26 October, Jānis Pizičs will join the management team of INDEXO Bank, bringing more than 20 years of professional experience spanning finance, investments, and the operations and management of international companies. Subject to the required approval from Latvijas Banka, Jānis Pizičs is expected to become Chairman of the Management Board of INDEXO Bank. Valdis Siksnis, current Chairman of the Management Board of INDEXO Bank and one of INDEXO’s founders, is expected to continue his work on the Supervisory Boards of INDEXO Bank and INDEXO Group, subject to the required approval from Latvijas Banka and shareholders.

Jānis Pizičs has extensive experience in finance, investments and business development, including building and growing businesses across different markets. He began his career at Ernst & Young and later held senior management positions in Latvian and international companies. From 2017 to 2020, Jānis Pizičs served as Chief Operating Officer and later as Group CEO of Finko Group, gaining extensive international experience in lending across multiple markets. Since 2022, he has been a partner at Merito Partners and, since 2021, a member of the Supervisory Board of AS DelfinGroup. In July 2026, Jānis Pizičs also became a member of the Supervisory Boards of INDEXO Bank and IPAS INDEXO. Prior to joining the management team of INDEXO Bank, he stepped down from his positions on the Supervisory Boards of INDEXO Bank and IPAS INDEXO. Jānis Pizičs is also an INDEXO shareholder, directly and indirectly holding a total of 85,360 INDEXO shares.

“INDEXO Bank is currently in a period of rapid development, and the opportunity to join its team represents both an exciting professional challenge and a chance to apply my experience to help build a strong Latvian financial institution. I see significant potential for INDEXO Bank’s continued growth and an opportunity to work with the team to further develop a bank that continues to drive competition in Latvia’s financial market. I am very excited and look forward to getting to work,” says Jānis Pizičs.

Jānis Pizičs holds a bachelor’s degree in economics from the Stockholm School of Economics in Riga and an MBA in finance from Riga Business School. He is ACCA qualified and has also completed the Board Member Education Programme and Chair of the Board Education Programme at the Baltic Institute of Corporate Governance.

“Jānis is a very strong addition to the INDEXO Bank management team. His extensive experience and entrepreneurial mindset will be highly valuable for the continued development of INDEXO Bank. The Group has grown significantly, and with that, my role is also evolving. Going forward, I will focus more on the strategic development of INDEXO Group and continue to be actively involved in its long-term growth,” says INDEXO co-founder and Chairman of the Management Board of INDEXO Bank Valdis Siksnis.

About the INDEXO financial services group        

INDEXO is a financial services group comprising pension management companies IPAS INDEXO, INDEXO Atklātais Pensiju Fonds AS, and INDEXO Asset Management IPAS, as well as INDEXO Bank AS and DelfinGroup AS.        

The Group's pension companies manage EUR 1.7 billion for more than 162 thousand customers in Latvia. INDEXO Bank, a bank licensed by the European Central Bank, serves more than 70 thousand customers with deposits exceeding EUR 167 million and a loan portfolio before expected credit losses exceeding EUR 139 million. The Group reached profitability in the first quarter of 2026.      

More information: https://indexo.lv/en/