André Küüsvek appointed new President of NIB

The Board of Directors of the Nordic Investment Bank has appointed André Küüsvek (Estonia) President and Chief Executive Officer of the Bank. Mr Küüsvek will take up his appointment on 1 April 2021. He will succeed Henrik Normann (Denmark), who has been President and CEO of NIB since April 2012 and will now retire from the Bank.

André Küüsvek is currently working as a Managing Director of Central Asia at the European Bank for Reconstruction and Development (EBRD). He has over 25 years of experience in international finance in various positions at the EBRD. Prior to that he worked in leading private banks in Estonia and Germany.

“André Küüsvek will bring substantial international experience to NIB from both the private and public sector. His clear vision and strategic skills will foster the future development of NIB. With him the Bank is in good hands to continue the journey to support the sustainability and prosperity of the Nordic-Baltic region”, says Esther Finnbogadóttir, Chair of the Board of Directors.

The President is appointed by the Board of Directors for a term of five years at a time. Mr Küüsvek will be the first NIB President from a Baltic country. The Bank was established 1975 by the Nordic countries. Estonia, Latvia and Lithuania became members in 2005.

“I am honoured and very much looking forward to taking up this position. NIB is a very highly-regarded player in the family of international financial institutions. The Bank has a unique role in bringing together the Nordic and Baltic countries for a common purpose: to improve productivity and benefit the environment of the region”, says André Küüsvek.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact

Ms Esther Finnbogadóttir, Chair of the Board of Directors,
at +354 868 5860, esther.finnbogadottir@fjr.is

Mr André Küüsvek, NIB President & CEO as of 1 April 2021,
at +44 7912 717295, KuusvekA@gmail.com

Mr Jukka Ahonen, Senior Director, Head of Communications,
at +358 10 618 0295, jukka.ahonen@nib.int