Holvi hires new CEO to lead future growth

Finnish digital banking startup Holvi is appointing Antti-Jussi Suominen as its new CEO following the company’s acquisition by BBVA in March.

He will take over from outgoing on January 2 2017 CEO Johan Lorenzen who has led the company for three years. The company says Lorenzen is leaving on his own initiative.

Suominen previously held senior management roles driving new business in companies including telecom Sonera, former mobile giant Nokia and most recently telecom and online services company Elisa.

Holiv board chairman Martti Granberg cited Suominen’s experience of, “building online businesses and rolling out services internationally in different domains,” as a key reason for the appointment,

Granberg added: “His previous experience from various senior executive roles in startup and corporate environments helps in leading the company in its international expansion.”

The appointment of Suominen comes after a strong year of growth for the Helsinki-based company, which had raised $5.25m since launch before its acquisition by BBVA.

The SME-focused digital bank now operates in Finland, Germany and Austria.

Suominen will be expected to continue driving that growth and geographic expansion and said, “the fact that Holvi is owned by BBVA, with its’ ambition to become the digital bank of the 21st century, makes the opportunity even more exciting.”

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