OREANDA-NEWS. Starting from February 1th, Loit Linnupold will be the new head of Swedbank Investment Funds AS. Before Swedbank, he was working in Nordea Estonia as a country head of banking product and head of deposit and saving products in Baltic countries and Poland, reported the press-centre of Swedbank.

 “I’m really happy to be joining Swedbank’s Estonian investment and pension fund team,” Loit said. “I hope I’ll be able to put my knowledge and skills to work so that the company maintains its position as market leader in the country. And working with our clients and the investment team, I think that’s a very achievable goal!”

Loit says that the key to achieving the best possible results for clients is fostering cooperation with Swedbank’s asset management companies in the Baltic States as well as with Swedbank Robur, enabling maximum use to be made of in-house investment experience.

Ross Laidlaw, the manager of Swedbank Robur in the Baltic States, was glad to hear who would be taking up the manager’s post at Swedbank Investeerimisfondid AS. “Loit has all of the management qualities and management experience – and of course the knowledge and understanding of how investments should be managed – that’s needed to lead things forward in the company,” he said.

Loit has almost 20 years’ experience in the finance sector, having worked in a number of leading positions in Eesti Sotsiaalpank, Virumaa Kommertspank, Tallinna Pank and more recently in the Estonian units of Parex Pank and Nordea Pank. He also spent nearly five years managing SEB Varahaldus and has chaired the Estonian Fund Managers Association. He is a graduate in economics from Tallinn Technical University and obtained his Master’s degree in international finance from the Estonian Business School.

Founded in 1994, Swedbank Investeerimisfondid AS was Estonia’s first large-scale asset management company, covering pension and investment funds and the portfolios of institutional investors. It has been a subsidiary of Swedbank Robur since 2009.

Swedbank Robur was established in 1967. It is one of Scandinavia’s leading fund managers, with 3 million clients and a total asset volume of nearly 70 billion euros.