Changes in Management at Admiral Markets AS
The Supervisory Board of Admiral Markets AS has made important changes to its management team by appointing Eduard Kelvet as a new member of the Management Board. This appointment will take effect in 2024. Eduard will focus on overseeing key areas such as risk management and compliance, which are vital for the organization.
About Eduard Kelvet
Eduard Kelvet joined the Admirals group in 2022, where he has showcased his skills through various positions. Before this, he was a board member at MoneyZen OÜ and played a key role in compliance at Admiral Markets AS. His extensive experience includes serving as the Head of Compliance and Administrative Director at Citadele banka in Estonia, highlighting his strong background in banking and compliance. Eduard has also held a management board position at AS TBB bank, further demonstrating his leadership capabilities.
Updated Management Board Structure
With Eduard's addition, the Management Board of Admiral Markets AS will consist of Sergei Bogatenkov, Andrey Koks, and Eduard Kelvet starting in 2024. This new team is anticipated to bring innovative ideas to the company's strategic operations and governance, enhancing its ability to navigate the complexities of the financial markets.
Emphasis on Risk Management and Compliance
In today’s regulatory landscape, the importance of compliance and risk management cannot be overstated. Admiral Markets AS acknowledges this necessity and aims to strategically position itself by prioritizing these aspects. The company is dedicated to maintaining high standards of transparency and accountability, and Eduard's extensive experience makes him well-suited to lead these initiatives.
Appointment of Auditor for 2024 and 2025
In a related announcement, Admiral Markets AS has appointed Ernst & Young Baltic AS as its auditor for the financial years 2024 and 2025. This decision underscores the company's commitment to rigorous auditing practices and maintaining stakeholder trust. The auditor's compensation will be determined through a contract that will be finalized, ensuring that the company's financial reporting meets the highest standards of accuracy and reliability.
Commitment to Trust and Transparency
By engaging a reputable auditing firm like Ernst & Young Baltic AS, Admiral Markets AS is reinforcing its dedication to building trust and transparency in its operations. Collaborating with established auditors allows the company to provide stakeholders with confidence in its financial reporting and governance practices.
Contact Information for Inquiries
For more information, interested individuals can reach out to Alexander Tsikhilov, the Chairman of the Supervisory Board of Admiral Markets AS. He can be contacted via email at alexander.tsikhilov@admirals.com or by phone at +372 6309 300. This open line of communication ensures that stakeholders are kept informed about the company’s developments and changes, highlighting 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.
