04.01.2023
From the new year, a new investment banking unit started operating in the field of LHV corporate banking, which will serve corporate clients.
Mihkel Torim began heading the department, and Maire Gustavson, Sten Hans Jakobsoo and Hermann Eensaar joined the LHV team together with him. The team has broad-based experience in advising companies on purchase and sale transactions, strategic consultation, and capital market transactions.
‘The launch of investment banking services fits well with LHV’s strategy of growing into the largest financial institution in Estonia within a decade,’ said Indrek Nuume, Member of the Management Board and Head of Corporate Banking at LHV Pank.
‘LHV’s growth ambitions and good reputation have created favourable conditions for providing a broad-based consultation service to our growing client base. The team that joined us has the experience and ability to be an advisor to companies through various stages of development, including finding and helping to realise growth through acquisitions, seeking additional capital on the market through public offering or private placement, and providing advice on mergers and acquisitions related to companies to both sellers and buyers of companies,’ commented Nuume.
Before joining LHV, Mihkel Torim managed Swedbank’s Baltic investment banking, and has previously managed a corresponding unit in Finland.
LHV offers its corporate clients all the necessary services, from loans, guarantees and trade financing, to various payment collecting solutions and settlements. On the Estonian corporate loan market, LHV Pank has a market share of 18%, and it is growing.
LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, and LHV Kindlustus. The Group employs more than 880 people. As at the end of November, LHV’s banking services are being used by 374,000 clients, the pension funds managed by LHV have 131,000 active clients, and LHV Kindlustus protects a total of 150,000 clients. LHV’s UK branch offers banking infrastructure to 200 international financial services companies, via which LHV’s payment services reach clients around the world.
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