Management Changes at Admiral Markets AS for 2024
Management Changes at Admiral Markets AS
The Supervisory Board of Admiral Markets AS has taken significant steps in strengthening its management structure with the appointment of Eduard Kelvet as a new member of the Management Board. This decision is set to take effect starting from 2024. Eduard will be primarily responsible for overseeing areas critical to the organization, namely risk management and compliance.
Profile of Eduard Kelvet
Eduard Kelvet has been with the Admirals group since 2022, where he has demonstrated his expertise through various roles. Previously, he served as a board member of MoneyZen OÜ and led compliance efforts for Admiral Markets AS. His extensive experience also includes serving as the Head of Compliance and Administrative Director at Citadele banka in Estonia, underscoring his strong background in banking and compliance. Eduard has also been a management board member at AS TBB bank, further illustrating his capability in leadership roles.
New Composition of the Management Board
With Eduard's addition, the Management Board of Admiral Markets AS will operate as follows from 2024: Sergei Bogatenkov, Andrey Koks, and Eduard Kelvet. This new composition is expected to bring fresh perspectives to the company's strategic operations and governance, enhancing its ability to navigate the complexities of the financial markets.
Focus on Risk Management and Compliance
The role of compliance and risk management has become even more crucial in today’s regulatory environment. Admiral Markets AS recognizes this need and aims to position itself advantageously by emphasizing these elements within its strategic framework. The company is committed to maintaining high standards of transparency and accountability, and Eduard's extensive background makes him an ideal candidate to lead these efforts.
Appointment of Auditor for Financial Years 2024 and 2025
In a related announcement, Admiral Markets AS revealed that the auditing firm Ernst & Young Baltic AS will serve as the company's auditor for the financial years of 2024 and 2025. This decision reflects Admiral Markets AS's commitment to ensuring rigorous auditing practices and upholding the trust of its stakeholders. The auditor will be compensated in accordance with a contract to be finalized, ensuring that the financial reporting of the company adheres to the highest standards of accuracy and reliability.
Ensuring Trust and Transparency
The engagement of a reputable auditing firm like Ernst & Young Baltic AS demonstrates Admiral Markets AS’s dedication to fostering trust and transparency in its operations. By working with established auditors, the company aims to provide its stakeholders with confidence in its financial reporting and governance practices.
Contact Information for Further Inquiries
For additional information, interested parties can reach Alexander Tsikhilov, the Chairman of the Supervisory Board of Admiral Markets AS. He is available via email at alexander.tsikhilov@admirals.com or by phone at +372 6309 300. This open line of communication ensures that stakeholders remain informed about the company’s developments and changes, reinforcing Admiral Markets AS's commitment to proactive engagement.
Frequently Asked Questions
Who has been appointed to the Management Board of Admiral Markets AS?
Eduard Kelvet has been appointed as a new member of the Management Board, effective from 2024.
What are Eduard Kelvet's responsibilities?
Eduard will be primarily responsible for risk management and compliance.
Who else is on the Management Board following this change?
The Management Board will also include Sergei Bogatenkov and Andrey Koks.
Which auditing firm has been appointed for the financial years 2024 and 2025?
Ernst & Young Baltic AS has been appointed as the auditor for these years.
How can stakeholders contact Admiral Markets AS for inquiries?
Stakeholders can contact Alexander Tsikhilov via email at alexander.tsikhilov@admirals.com or by phone at +372 6309 300.
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