Mihkel Kasepuu Joins LHV Pank’s Management Board for Growth

Mihkel Kasepuu Joins LHV Pank’s Management Board

The Supervisory Board of AS LHV Pank, part of the LHV Group, recently nominated Mihkel Kasepuu to the Management Board, where he will oversee technology and product development. His eligibility is pending approval from the ECB, as he prepares to embark on a significant five-year journey starting in late July.

Professional Background of Mihkel Kasepuu

Mihkel Kasepuu has held pivotal roles at LHV Pank since 2024, previously excelling as their Chief Technology Officer and Chief Technology and Product Officer. His background includes a substantial tenure at Nortal from 2015 to 2023, where he honed his skills in crafting scalable and secure systems. His extensive expertise in product innovation is expected to significantly enhance the bank's digital services.

Educational Qualifications and Experience

Kasepuu boasts a master’s degree in IT from Taltech. In addition to his responsibilities at LHV Pank, he is actively involved in various IT consultancy and software development firms, including Panda Solutions OÜ, SM Capital OÜ, and Futuleap OÜ. As a vested shareholder in AS LHV Group, he owns 10 ordinary shares and is granted options to subscribe for 79,733 shares issued in 2024.

Vision for the Future

Rain Lõhmus, Chairman of the Supervisory Board of LHV Group, shared insights into Kasepuu's appointment, stating, "Mihkel Kasepuu’s election to the Management Board champions our drive toward a technology-oriented approach. As the significance of engineering grows, so too does our representation on the Board. Mihkel is set to steer LHV’s strategy to deliver intelligent and user-friendly products by harnessing machine learning and the latest technologies. He has already showcased a remarkable ability to expedite our infrastructure platform changes and inspire the product organization. Keep going!"

Promises of Innovation from Kasepuu

In his own words, Kasepuu remarked, "Although we’ve made commendable strides with our cloud strategy, automated processes, and upgraded our banking systems, numerous exciting challenges await us. Our vision is for LHV’s product and technology offerings to exemplify world-class engineering, standing up to the top competitors globally. This ambition guarantees that our solutions remain sustainable, and provide security, speed, and convenience for our valued clients. Together with our dedicated team, we are ready to tackle bold opportunities ahead."

Management Board Composition

Alongside Mihkel Kasepuu, the LHV Pank Management Board includes several other key figures: Kadri Kiisel (Chief Executive Officer), Meelis Paakspuu (Chief Financial Officer), Kadri Haldre (Chief Risk Officer), Jüri Heero (Chief Information Officer), Annika Goroško (Head of Retail Banking), and Indrek Nuume (Head of Corporate Banking).

LHV Group Overview

LHV Group stands as the largest domestic financial entity and capital provider in Estonia. The group’s main subsidiaries feature LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited, employing over 1,150 individuals. Impressively, LHV serves around 468,000 clients through its banking services, manages pension funds for 113,000 active customers, and extends protection to 176,000 clients via LHV Kindlustus. Furthermore, LHV Bank Limited, a group subsidiary that holds a UK banking licence, caters to international financial technology firms and offers loans to small and medium-sized enterprises.

Priit Rum
Communications Manager
Phone: +372 502 0786
Email: priit.rum@lhv.ee

Frequently Asked Questions

Who is Mihkel Kasepuu?

Mihkel Kasepuu is the newly appointed member of the Management Board of LHV Pank, responsible for technology and product development.

What role has Kasepuu previously held?

He has served as the Chief Technology Officer and Chief Technology and Product Officer at LHV Pank since 2024.

What is LHV Group?

LHV Group is the largest financial group in Estonia, encompassing various subsidiaries including LHV Pank and LHV Kindlustus.

How many clients does LHV Pank serve?

LHV Pank currently provides banking services to approximately 468,000 clients.

What is the focus of Kasepuu’s new role?

Kasepuu aims to enhance LHV’s product and technology offerings to reflect world-class engineering standards.

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