Executive Management
Lárus Welding
Chief Executive Officer
Mr. Welding was appointed Chief Executive Officer of Glitnir Bank in May 2007. He first joined Glitnir (then the Icelandic Investment Bank FBA hf. in 1999). In 2003 he joined Landsbanki as General Manager for the London branch, with operations primarily in Corporate and Investment Banking. He previously worked for the accounting firm JHR ehf. (1997-1999) and the Central Bank of Iceland (1998).
He holds a degree in business administration from the University of Iceland, is a licensed securities broker and a graduate in Corporate Finance from the UK Securities Institute.
Rósant Már Torfason
Chief Financial Officer (CFO)
Mr. Torfason joined Glitnir (then Islandsbanki) in 1996. He has a comprehensive experience from working in the Bank for the past 12 years in different positions within Capital Markets, Proprietary Trading, CEO office, Business Development and for the last two years as Managing Director in Investment Banking.
Mr. Torfason holds Cand. Oecon Degree in Business Administration from the University of Iceland with focus on finance, and is a licensed securities broker.
Magnús Bjarnason
Executive Vice President International Banking
Mr. Bjarnason was appointed to the Glitnir Executive Board in February 2007. He joined Glitnir in 2005 as Managing Director of the Asia and America Region in Glitnir's Corporate Banking Division. Prior to joining Glitnir, Mr. Bjarnason served as minister counsellor and deputy chief of mission at the Icelandic Embassy in China, was acting consul general in New York as well as trade commissioner for Iceland in the USA and Canada. His previous experience also includes work in the banking and airline industries.
Mr. Bjarnason holds an MBA degree from Thunderbird, the Garvin School of International Management.
Morten Bjørnsen
Executive Vice President Nordics
Mr. Bjørnsen was appointed to the Glitnir Executive Board in August 2007. Prior to joining Glitnir, he was part of Fokus Banks top management group from 1999-2007, heading the banks operations on the West coast of Norway and later the activities in Oslo and Eastern Norway. For several years he was EVP and head of Corporate and Institutional banking, which included a nationwide responsibility for SME's, large corporates, shipping/offshore, structured finance and financial institutions. From 1986 to 1999, Mr. Bjørnsen held various positions in DnB primarily within the energy and large corporate segments in Norway and the U.S
Mr. Bjørnsen holds an MBA from the Norwegian School of Management.
Birna Einarsdóttir
Executive Vice President Iceland Commercial Banking
Ms. Einarsdóttir was appointed to the Glitnir Executive Board in February 2007. She first joined Glitnir (then Iðnaðarbankinn) in 1987. She was Director of Marketing and Sales of Íslandsbanki. After working for the Royal Bank of Scotland for six years she rejoined Glitnir in 2004 and has been in charge of Glitnir's marketing and sales teams as well as the Corporate development unit. She directed the Bank's successful re-branding in 2006. In June 2007 she took on the role of head of Glitnir's Iceland Commercial Bank.
Ms. Einarsdóttir holds a B.Sc. in Business Administration from the University of Iceland and an MBA degree from Edinburgh University.
Einar Örn Ólafsson
Executive Vice President, Investment Banking - Iceland
Mr. Ólafsson joined Glitnir (then FBA) in 1997 and has held several positions within the Bank since. His first position was as a currency, interest rate and derivatives broker in a team which Mr. Ólafsson eventually led. He subsequently took on a position in asset management before joining the Corporate Finance unit in Reykjavík in 2003. He became Head of that unit and a Managing Director in 2006 and has led many of the larger M&A transactions in Iceland for the past few years.
Mr. Ólafsson holds a B.Sc. in Industrial Engineering from the University of Iceland and an MBA degree from New York University, Stern School of Business.
Helgi Anton Eiríksson
Executive Vice President Europe
Mr. Eiríksson was appointed to the Glitnir Executive Board in February 2007. He joined Glitnir in 2004 as Global Seafood Director with responsibility for the overall management of Glitnir's international seafood activities. In January 2007 he took on the role as Executive Vice President for Investment Banking. Prior to joining Glitnir, Mr. Eiríksson worked with Coldwater Seafood (UK) Ltd as Director within the executive management team from 1995-2004.
Mr. Eiríksson holds a Cand. Oecon degree in Business Administration from the University of Iceland.
helgi.eiriksson@glitnir.is
Kristinn Þór Geirsson
Chief Operating Officer and Executive Vice President
Mr. Geirsson was appointed to the Glitnir Executive board in April 2008. Prior to joining Glitnir Mr. Geirsson was the CEO of B&L hf. Previously he was a Managing Director of the investment company Sund ehf. and the CEO of Samskip hf., an international transportation and logistics company. He was also the CEO of Ingvar Helgason ehf. and CEO of Íslenska Sjónvarpsfélagið.
Mr. Geirsson holds a Cand.Oecon degree from the University of Iceland and an MBA degree from The Wharton School.
Sveinung Hartvedt
Executive Vice President Capital Markets and Corporate Finance in Norway and Sweden
Mr. Hartvedt was appointed to the Glitnir Executive board in May 2007. Prior to joining Glitnir, Mr. Hartvedt was Head of Equities in DnB NOR Markets for ten years.
Previously he worked as Head of Sales and deputy CEO in FIBA Nordic Securities AS. From1989-1994 he was a broker and Head of Research at Carnegie. He began his professional career as a journalist for the leading Norwegian business magazine Kapital.
Mr. Hartvedt holds a Bachelor of Commerce degree (Siviløkonom) from the Norwegian School of Economics and Business Administration in Bergen, Norway.
Jóhannes Baldursson
Executive Vice President, Capital Markets - Iceland
Mr. Baldursson joined Glitnir (then VÍB Securities, a subsidiary of Islandsbanki) in 1996. He started as a securities broker, then moved over to Treasury and later joined Capital Markets, where he has been instrumental in building up Glitnir's strong Capital Markets team. Mr. Baldursson headed the FX sales unit for many years and was appointed Managing Director for Capital Markets in Iceland in 2007.
Mr. Baldursson holds a B.Sc. in Economics from the University of Iceland, an M.Sc.degree in Economics from UPF (Universitat Pompeu Fabra) in Barcelona, Spain, an ACI Diploma and is a licensed securities broker.
Magnús A. Arngrímsson
Executive Vice President, Corporate Banking - Iceland
Mr. Arngrímsson joined Glitnir (then Islandsbanki) in 1999. In 2004 he joined Landsbanki Islands as Director for the London branch, with operations primarily in Corporate and Investment Banking. He joined Glitnir again in 2007 where he took on the Managing Director position in Corporate Banking in Iceland.
Mr. Arngrímsson holds a B.Sc. in Business Administration from the University of Iceland.
Vilhelm Már Thorsteinsson
Executive Vice President, Treasury & Corporate Center
Mr. Thorsteinsson joined Glitnir (then Islandsbanki) in 1999. He has an extensive experience having held various positions in Capital Markets, Leverage Finance and CEO's Office working on different types of transactions and projects in Iceland, Europe and the Nordics. Since 2005 Mr. Thorsteinsson has lead the Strategic Development team, responsible for the Group's external growth, strategy and relationships with financial institutions, leading many of Glitnir's acquisitions in the Nordics.
Mr. Thorsteinsson holds a B.Sc. in Business Administration from the Icelandic College of Engineering and Technology. He is a licensed securities broker and has an MBA degree from Pace University New York, NY.
Eggert Thór Kristófersson
Executive Vice President, Investment Management - Iceland
Mr. Kristófersson joined Glitnir in 1995 (then Islandsbanki) and has gained varied experience in many different positions. From 1998 to beginning of 2000 he worked in funding for National Debt Management Agency in Iceland. In 2000 he joined Glitnir again as head of Proprietary Fixed Income Trading. In 2005 he took on the position as a Managing Director for Glitnir Funds Ltd., the fund management company of Glitnir. Since 2007, he has been Managing Director of Glitnir Asset Management in Iceland. Eggert is a board member of Glitnir Bank Finland, board member of Glitnir Bank Luxembourg S.A., Chairman of Glitnir Asset Management S.A. and Chairman of Glitnir Funds Ltd.
Mr. Kristófersson holds a Cand. Oecon degree in Business Administration from the University of Iceland and is a licensed securities broker.