Gudrún was born in 1973. She was first elected as a Director at a shareholders’ meeting on 18 March 2010. She is not a shareholder of Arion Bank and is an independent Director. Gudrún is Chairman of the Board Remuneration Committee and a member of the Board Risk Committee.
Gudrún completed an MA in applied economics at the University of Michigan, Ann Arbor in the United States in 2002 and gained an MA in statistics from the same university the following year. She graduated with a BA in economics from the University of Iceland in 1999.
Gudrún is currently a lecturer in finance at the faculty of business administration at the University of Iceland. In 2009 and 2010 Gudrún worked as a senior researcher for the Parliamentary Special Investigation Commission looking into the causes and events leading up to the fall of the Icelandic banking system in 2008. She was assistant professor at Reykjavík University from 2006 to 2013. Between 2004 and 2006 Gudrún worked as a specialist in the Financial Systems Department of the International Monetary Fund (IMF) in Washington DC. Gudrún worked as a securities broker at the Icelandic Investment Bank (FBA) hf. between 1999 and 2001. She has served on the board of a fund management company of MP Bank hf. and is the current chairman of the research and development company THOR ehf.
Brynjólfur was born in 1946. He was first elected as a Director at a shareholders’ meeting on 20 November 2014. He is not a shareholder of Arion Bank and is an independent Director. Brynjólfur is Chairman of the Board Audit Committee and a member of the Board Credit Committee.
Brynjólfur graduated with an MBA from the University of Minnesota in 1973 and a cand. oecon. degree in business studies from the University of Iceland in 1971.
He was managing director of the Enterprise Investment Fund from 2012 to 2014. Between 2007 and 2010 he was the chief executive officer of Skipti. Brynjólfur was chief executive officer of Síminn from 2002 to 2007 and chief executive officer of Grandi hf. from 1984 to 2002. Between 1976 and 1983 he was managing director of the publisher AB bókaútgáfa. He was also head of the economics department of VSÍ from 1973 to 1976. Brynjólfur has broad experience as a director and has served on numerous boards and been chairman of several.
Jakob was born in 1975. He was first elected as a Director at a shareholders’ meeting on 9 March 2017. He is not a shareholder of Arion Bank and is an independent Director.
Jakob was awarded a PhD in industrial engineering in 2002 from Purdue University and gained an MSc in the same subject in 2000 from the University of Illinois at Urbana-Champaign. Jakob received a BSc in mechanical and industrial engineering from the University of Iceland in 1998.
Jakob is currently an assistant professor of finance at the University of Iceland. He previously worked for Straumur Investment Bank, first as chief financial officer from 2011 to 2013 and then as CEO from 2013 to 2015. He was chief financial & operating officer at ALMC hf. between 2009 and 2013 and chief risk officer at Straumur-Burdarás Investment Bank from 2005 to 2009. Jakob also worked at Intel Corporation from 2003 to 2005. He was a board member at the Icelandic Financial Services Association from 2013 to 2015 and is currently a board member at Solid Clouds ehf. and Jakás ehf. and a member of the examination committee on securities trading.
John P. Madden was born in 1973. John is a dual US and British citizen and he lives in the United Kingdom. He was first elected as a Director at a shareholders’ meeting on 15 September 2016. He is not a shareholder of Arion Bank and is a dependent Director. He gained a BA in political economy from Williams College in Massachusetts in 1996.
John is a managing director at Kaupthing ehf., which is the majority shareholder of Arion Bank through its subsidiary Kaupskil ehf. He has also worked at BC Partners, Arle, ICG since 2014. Between 1998 and 2013 John worked at Arcapita, first in the United States, then in the United Kingdom. Prior to that he was at Lehman Brothers, New York. John is on the board of directors at Fairhold Securitisation Limited and Noreco.
Kirstín was born in 1955. She was first elected to the Board as an Alternate at a shareholders’ meeting on 22 March 2012. She was elected to the Board as a Director at the Bank’s annual general meeting on 20 March 2014. She is not a shareholder of Arion Bank and is an independent Director. Kirstín is a member of the Board Audit Committee and the Board Remuneration Committee.
Kirstín completed an MA in economics from Northwestern University in Illinois in 1983. In 1980 she graduated with a cand. oecon. degree from the University of Iceland. She completed a course in practical media studies at the University of Iceland in 1994 and gained a diploma in European competition law from Kings College London in 2004.
Kirstín currently works as an independent consultant. From 2011 to 2013 she was a member of a three-person committee on the Icelandic parliament’s investigative committee on the Housing Financing Fund. She was a part-time lecturer and adjunct at the University of Iceland between 2007 and 2012 and was a specialist at the Institute for Research in Finance and Economics at Reykjavík University from 2007 to 2009. Between 2001 and 2007 she worked as an economist, first at the National Economic Institute and then in the Department of Economics at the Central Bank of Iceland. She was appointed editor of the economics glossary at the Icelandic Language Institute at the University of Iceland in 1998, a position she held until the glossary was published in 2000. Between 1995 and 1998 she was an economist at the Fisheries Association of Iceland. She was an adviser and director of market research at Hagvangur from 1984 to 1986 and was then marketing manager at the Icelandic Freezing Plants Corporation (now Icelandic Group hf.) from 1986 to 1989. Kirstín started her career as an economist at the Association of Icelandic Manufacturers and she later worked for OECD.
Kirstín has also held several positions on boards and committees and was, for example, the chairman of the Competition Committee from 2002 to 2005 and a board member of Midengi ehf., a holding company owned by Íslandsbanki, from 2009 to 2012. Kirstín has also served on the Post and Telecommunications Arbitration Committee since 2008.
Måns was born in 1951. He is Swedish and lives in Portugal. He was first elected as a Director at Arion Bank’s Annual General Meeting on 24 March 2011. He is not a shareholder of Arion Bank and is an independent Director. Måns is Chairman of the Board Risk Committee and is a member of the Board Credit Committee.
He graduated with a BSc in business and economics from the Stockholm School of Economics in 1975.
From 2002 to 2011 Måns worked for Swedish Export Credit Corporation (SEK) as executive director and head of corporate and structured finance. He was also a member of SEK’s Executive Committee. In 1999 to 2002 he worked for both Unibank (as head of the Sweden operation) and Nordea (as Head of Private Banking, Sweden). From 1991 to 1999 he worked at Swedbank where his roles included being head of the corporate division. In 1984 he joined Götabanken in London and was transferred to the bank’s Stockholm operation in 1989 where he was head of the international finance division until 1991. From 1977 to 1984 he worked for Hambros Bank in London, where he was regional director for Iceland and Denmark for two years. He previously worked as a lecturer and researcher at the Stockholm School of Economics.
Thóra was born in 1974. She was first elected as an Alternate Director at a shareholders’ meeting on 24 March 2011. She was elected as a Director at a shareholders’ meeting on 21 March 2013. She is not a shareholder of Arion Bank and is an independent Director. Thóra is a member of the Board Audit Committee and the Board Remuneration Committee.
Thóra completed a MA degree in law at the University of Iceland in 2000 and qualified as an attorney to the district court in 2002.
Since 2011 she has worked as a specialist in the faculty of law at Reykjavík University in insurance law, contract law and law of tort. Before that Thóra worked as a lawyer for two Icelandic insurance companies: for Tryggingamidstödin hf. from 2000 to 2005 and Sjóvá-Almennar tryggingar hf. from 2005 to 2011. Thóra is currently a board member of the rehabilitation fund Virk-Starfsendurhaefingarsjódur ses., appointed by the Confederation of Icelandic Employers and she is also on the board of the Association of Icelandic Lawyers and CEO for the Icelandic Law Journal (Tímarit Lögfraedinga). Thóra serves as chairman of the insurance complaints committee and chairman of the seamen and fishermen’s arbitration committee, appointed by the government.