Ásgeir Helgi Reykfjörð Gylfason, who has acted as Managing Director of Kvika banki hf.'s Corporate Banking division, has resigned from his post and ceased working. The name of the Corporate Banking division has been changed to Banking division and Magnús Ingi Einarsson has been appointed as its new Managing Director. Magnús Ingi has been working with the bank since 2006 and was the Managing Director of the Finance and Operations division since 2015. Ragnar Páll Dyer has been appointed as the Managing Director of the Finance and Operations division. Ragnar has been working with Jupiter Capital Management, which is a subsidiary of Kvika, since 2010 and was the Managing Director of Jupiter since 2013. Ragnar is expected to commence work at the beginning of August, but until then Magnús Ingi will be acting as the Managing Director of both divisions.