The Bank of Latvia has approved, and the Company Register has registered Ivita Asare, the former member of the bank's supervisory board, as a member of the management board of INDEXO Bank on July 3rd of this year. She will take on the role of the bank's Chief Financial Officer. 

By joining the management board of INDEXO Bank, Ivita Asare has left her previous positions on the supervisory boards of INDEXO Bank and IPAS Indexo. A professional with experience in the banking sector, finance and good governance is being sought to fill this vacancy.  

Ivita Asare has more than twenty years of experience in various finance management related positions in the banking industry. From 2001 to 2019, she led various financial, supervisory, and business planning areas at Nordea Bank's Latvian branch and later at Luminor Bank Group. Since 2017, Ivita Asare has also been a Board member of Luminor Bank in Latvia. She has received business education from the Stockholm School of Economics in Riga and the Riga Technical University's Business Institute. Ivita Asare is well-acquainted with the INDEXO Bank project as she began working on the new bank's establishment with the INDEXO founders back in 2019. In addition to her work in the financial sector, Ivita Asare worked as a teacher at Dobele State Gymnasium for three years, teaching entrepreneurship and economics to young people. 

Simultaneously, Ivita Asare will retain her position on the supervisory board of Indexo Atklātais Pensiju Fonds AS. I. Asare owns 900 shares of IPAS Indexo. 

About INDEXO 

INDEXO is an asset management company licensed by the Bank of Latvia, which offers modern 2nd and 3rd pillar pension saving plans in Latvia. INDEXO is the fastest growing pension manager in the Baltics by number of clients with more than 134 thousand customers and more than 1.15 billion euros in management and a company listed on the Nasdaq Riga stock exchange with close to 6,000 shareholders.  

INDEXO Banka, part of INDEXO Group, has obtained a license to operate the credit institution and plans to start providing financial services in the summer of this year. INDEXO is fighting for a better financial environment in Latvia, and our goal is to become a financial services group that empowers Latvia’s people to achieve prosperity by providing modern, personalized services. Additional information is available at www.indexo.lv. 

Contact Information: 
Ieva Bauma 
INDEXO Head of Marketing and Communications 
E: ieva.bauma@indexo.lv 
P: +371 28 636 789