On February 22, 2017, the meeting the supervisory board of AS LHV Group decided to change members of the company’s audit committee, according to members’ notices. Gerli Kilusk and Marilin Hein were withdrawn from the committee as of March 31, 2017 and Urmas Peiker and Kristel Aarna were appointed as new committee members. Tauno Tats continues as a member of the audit committee. Urmas Peiker was appointed as chairman of the audit committee and Kristel Aarma as vice chairman. Urmas Peiker works as the head of business development in Funderbeam, he co-founded in June 2013. From May 2013 to October 2014 Peiker served as the head of compliance in LHV Bank. Previously he has also worked as Head of Market Supervision Department in the Estonian Financial Supervisory Authority and held positions in European Bank for Reconstruction and Development, Morgan Stanley and EstCap Ltd. Since 2011 Kristel Aarna serves as the financial manager at Viasat AS and served as chief controller at Swedbank Baltic Banking before that. She has also served as head of financial advisory services at KPMG Baltic AS and filled positions in Bank of Estonia and CVS Caremark Corporation Inc. Urmas Peiker and Kristel Aarna were appointed as audit committee members with the term until March 31, 2020. The supervisory board also extended the authorities of Tauno Tats until March 31, 2020.
LHV Group AS is an Estonia-based company, which is primarily involved in the financial services industry. The Company operates as a commercial bank and provides wide range of financial services. The Company provides services in four sections: banking services, investing services, financing services, pension services. The Company's banking services include import payments, bankcards, deposits, bank accounts, among others. The Company's investing services include investment management, trading services, fund management, among others. The Company's financing services include loans, leasing, micro loans, overdraft, capital market services, among others. The Company's pension section offers various pension funds services.