The team of pension management company IPAS Indexo (hereinafter – INDEXO), which after the initial public offering (IPO) has started work on establishing up a bank, has been joined by Gints Ozoliņš as Head of Technology Development. He will be in charge of introducing technologies in INDEXO Group and the future bank, including internal organizational processes, client interface and user experience solutions.
Gints Ozoliņš has more than 17 years of experience in IT management. Since 2018 he has been IT Service Delivery Director at the Swedish branch of US technology company Cognizant Technology Solutions where he headed teams of several hundred IT experts. Previously, from 2009, he acquired experience in managing various IT functions and transformation programs at Tele2 AB. G. Ozoliņš started his career in the IT sector as a system analyst and project head of banking system’s development and implementation at Nordea Bank. G. Ozoliņš has a Master’s degree in Computer Sciences from the University of Latvia. He has further perfected his professional education in various training programs, for instance, at the Massachusetts Institute of Technology (MIT), US, as well as Microsoft, Amazon and Google technology courses.
“The head of technology development joining INDEXO is a critical step for the development of the future INDEXO bank, where we will put special focus on intuitively convenient, simple and secure client service. We want to provide Latvian people with client service solutions on par with the best examples of the world’s leading banks and fintech companies,” says Valdis Siksnis, one of the founders of INDEXO and Chairman of the company’s board.
“Being part of the INDEXO team I can create something new and genuinely modern in Latvia, thus ensuring not only professional growth but also an opportunity to provide my contribution to promoting Latvia’s economic growth and prosperity of our people,” says Gints Ozoliņš, INDEXO Head of Technology Development.
The INDEXO IPO, which successfully ended last week, met its investment target of EUR 7.49 million as the company’s shares were oversubscribed by around EUR 2.5 million. In the IPO, investors acquired the pension management company’s shares, and it is planned that the new INDEXO bank will be a subsidiary of the pension management company. INDEXO shares were listed on July 15 on Nasdaq Riga Baltic Main List. The ticker symbol of INDEXO shares in IDX1R.
By the end of this year INDEXO plans to submit an application to receive a license for the commercial bank in accordance with laws and regulations and will start phasing in banking services upon receipt of the license – starting with retail banking services, which will be followed by services also to corporate clients.
Bank (credit institution) license is subject to authorization granted by European Central Bank based on Financial and Capital Market Commission’s (FCMC) proposal.