Tina Kukka, the current Supervisory Board Member of the pension management company IPAS Indexo (hereinafter – INDEXO), has decided to join the Management Team of INDEXO to add her considerable finance and change management expertise to the new banking initiative of INDEXO. She thus steps down from her Supervisory Board role. The Supervisory Board of INDEXO will continue with its current other four Members and Mrs. Kukka will be replaced at the next Regular General Meeting.

Tina Kukka, a banking and finance executive with more than 20 years of Board-level experience in the Latvian and Baltic banking industry, will lead the development of the finance function of the new INDEXO bank project and will support the preparatory efforts in applying for the banking license. T. Kukka is known in the Baltic banking industry for her work on the Latvian Swedbank Board from 1999 to 2008, where she was responsible for finance and investment management, as well as for her other management positions in a number of other banks in subsequent years. In addition to consulting engagements, recently she has also been entrusted with Supervisory Board positions at the Electronic Communications Office of Latvia, a state company, and the Riga East Clinical University Hospital, the largest healthcare institution in Latvia.

She is a graduate of the Stockholm School of Economics and has held a license of a Chartered Financial Analyst (CFA).