Chief Executive Officer
Höskuldur was born in 1959. He was appointed CEO of Arion Bank in June 2010.
Höskuldur joined the Bank from Valitor hf. where he had been CEO since 2006. Prior to that he worked at the Icelandic transportation company Eimskip hf. for 17 years and held a range of management positions, including that of deputy CEO. He has also served on the boards of directors of numerous companies and organizations in Iceland and abroad.
Höskuldur graduated with a cand. oecon. degree in business administration from the University of Iceland in 1987.
Managing Director of Corporate Banking
Freyr was born in 1973. He was appointed managing director of Corporate Banking in June 2013.
Between 2009 and 2013 Freyr worked at Kaupthing hf. where he managed restructuring and asset recovery projects in the company’s Scandinavian portfolio. Freyr has worked in banking and finance since 2001, both in Iceland and abroad, at Straumur Investment Bank, Gnúpur investment company, and Íslandsbanki/Glitnir. From 1999 to 2001, prior to his financial career, Freyr worked at a bottling company called IcelandSpring on plant development and management. He has served on the boards of several companies, both in Iceland and abroad, and he was a board director at Arion Bank from 2012 to 2013 and was a member of the Board Credit Committee.
Freyr gained an MBA degree from Reykjavík University in 2010 and completed a BSc in business administration at Reykjavík University in 2003. Before that he studied at Universität Salzburg in Austria and completed a Vordiplom in Communication Science in 1999.
Chief Risk Officer
Gísli was born in 1963. Gísli was appointed chief risk officer of Arion Bank in April 2009.
From 2006 to 2009 he was head of research and development in Kaupthing Bank’s risk management division. From 2001 to 2006 he was a software designer and advisor for the engineering software company MSC. Software in the United States. From 1994 to 2001 Gísli worked for Mechanical Dynamics Inc. in the US as a software architect and development manager for the multibody dynamics and motion analysis software ADAMS.
Gísli was awarded a PhD in mechanical engineering in 1994 and gained an MSc in applied mechanics in 1989, both from the University of Michigan. Gísli received a BSc in civil engineering from the University of Iceland in 1986. He is also a certified stockbroker.
Managing Director of Investment Banking
Ida Brá was born in 1976. Ida Brá was appointed managing director of Investment Banking in February 2016.
Ida Brá has worked for Arion Bank and its predecessor since 1999 when she joined the research department. She has held various positions within the Bank and was long head of department within treasury. Since 2013 Ida Brá has been head of Private Banking. Before taking over Private Banking Ida Brá was Head of Corporate Communications. Ida Brá served on the board of numerous companies, including Ólafsfjördur savings bank, AFL – savings bank, Landfestar and HB Grandi hf.
Ida Brá graduated with a degree in business administration from the University of Iceland in 1999 and has a Master's in finance from the Rotterdam School of Management. She is also a certified stockbroker.
Managing Director of Legal Division
Jónína was born in 1970. She was appointed managing director of the Legal division in November 2010.
She was permanent secretary of the Ministry of Economic Affairs and Commerce, from 2007 to 2010. She was appointed director of the general office of the Ministry of Industry and Commerce in 2004 and remained there until 2007. Between 2000 and 2004 she was a specialist in the financial markets department at the Ministry of Commerce. Jónína worked for the A&P law firm from 1996 to 2000. She has served on and chaired numerous committees, including on behalf of the Prime Minister’s Office, and has worked as a lecturer in several institutions, such as the faculty of law of the University of Iceland. She was chairman of the Depositors’ and Investors’ Guarantee Fund in 2003 and 2004. Jónína is a member of the board of directors at Valitor hf.
Jónína gained a master’s from the London School of Economics and Political Science in 2000. She graduated from the faculty of law at the University of Iceland in 1996 and qualified as a district court attorney the following year.
Managing Director of Asset Management
Margrét was born in 1960. She has been managing director of Asset Management at Arion Bank since February 2009.
Between 2007 and 2009 she was head of financial institutions client relations at Glitnir. From 1990 to 2007 she was head of securities brokerage and advisory at Íslandsbanki Securities Ltd, later the asset management division of Glitnir. Between 1985 and 1988 she worked in the credit division of the Industrial Bank of Iceland. Margrét has served on a number of boards of directors, including: The Depositors’ and Investors’ Guarantee Fund on behalf of SFF, Okkar Life Insurance and several funds in Luxembourg.
Margrét graduated with an MBA from Babson College in Massachusetts in 1990 and a cand. oecon. degree in business administration from the University of Iceland in 1986. She is also a certified stockbroker.
Managing Director of Information Technology
Rakel was born in 1973. She was appointed managing director of Information Technology in July 2016.
In December 2015 Rakel took over the position of chief operating officer on a temporary basis after having been managing director of Corporate Development and Marketing since 2011.
Rakel was head of Arion Bank’s Project Office from 2010 to 2011. She was an account manager in the IT division of Kaupthing Bank between 2005 and 2010. Rakel previously worked as a software designer and later as head of development at TM Software – Libra, a financial services software company.
Rakel graduated with an MBA from Duke University in North Carolina in 2002 and a B.Sc. in computer science from the University of Iceland in 1997.
Chief Operating Officer
Sigurjón was born in 1972. He was appointed chief operating officer in October 2011.
Sigurjón was the head of the recovery team at Arion Bank from 2009 to 2011. He worked in Kaupthing Bank’s corporate finance division from 2005 to 2009. Prior to 2004 Sigurjón held various management positions with the Icelandic contractor Ístak, including the management of infrastructure projects and the construction of industrial buildings. He was also the head of IT while managing these projects. Sigurjón has served on the boards of directors of various companies in Iceland and abroad.
Sigurjón graduated with a master’s degree in supply chain management from MIT in 2005. He completed a master’s degree in 1998 in construction management from KTH in Stockholm, Sweden, and in 1996 he graduated as a civil engineer from the University of Iceland. He is also a certified stockbroker.
Chief Financial Officer
Stefán was born in 1963. He was appointed chief financial officer at Arion Bank in August 2010.
Stefán joined Landsvirkjun in 1991, first as head of funding and from 1995 as treasurer. He became chief financial officer of Landsvirkjun in 2002 and sat on the company’s negotiation committee with energy intense industry. While on leave from Landsvirkjun in 2008 he served as the CEO of the investment company HydroKraft Invest hf. From 1986 to 1989 Stefán worked as head of administration at the Icelandic Fisheries Laboratories Institute. Stefán has held a number of directorship positions and other positions of responsibility in recent years. He is currently a member of the board of Landfestar hf. and the Depositors’ and Investors’ Guarantee Fund on behalf of SFF. Stefán is a member of the board of directors at Valitor hf.
Stefán graduated with an MBA from Babson College in Massachusetts in 1991 and a cand. oecon. degree from the faculty of business of the University of Iceland in 1986.