Changes to the management team at Arion Bank – Iða Brá Benediktsdóttir becomes Deputy CEO

Ásgeir H. Reykfjörð Gylfason has decided to leave Arion Bank and pursue other opportunities after having served as Deputy CEO and managing director of Corporate & Investment Banking since 2019. Ásgeir will leave his position in the coming days. Iða Brá Benediktsdóttir, managing director of Retail Banking, will now also become Deputy CEO and will lead Arion Bank and Vörður’s growth on the insurance market. Hákon Hrafn Gröndal, credit manager in the Corporate & Investment Banking division, has been appointed managing director of Corporate & Investment Banking and has joined the Bank’s executive committee.

Margrét Sveinsdóttir is also leaving the Bank after having served as managing director of Asset Management, later Markets, since 2009. Margrét will step down in the next few weeks. Jóhann Möller, who has been managing director of Stefnir for the last couple of years, has been appointed managing director of Markets and will join the executive committee in the next few weeks.

Iða Brá Benediktsdóttir has worked for Arion Bank and its predecessors since 1999. In that time, she has held various positions at the Bank. She was managing director of Investment Banking from 2016 until 2017, when she took over as managing director of Retail Banking. Iða Brá was previously head of Corporate Communications, Private Banking and also worked in the Bank’s Treasury division. She is the vice chair of the insurance company Vörður. She is a business graduate from the University of Iceland and has an MSc from Erasmus Graduate School in the Netherlands. Iða Brá is a licensed securities broker.

Hákon Hrafn Gröndal joined Arion Bank more than 10 years ago as a service representative at the Bank’s Höfði branch in Reykjavik. Since then, Hákon has held various financial advisory and credit roles at the Bank. For the last few years Hákon has been a credit manager in Corporate & Investment Banking. Hákon is a business graduate from Griffith University, has an MSc in corporate finance from the University of Iceland and is a licensed securities broker.

Jóhann Möller has been the managing director of Stefnir since 2020. Jóhann has worked in the financial markets for more than 20 years and joined Stefnir in 2006, managing domestic equities funds and he was head of the company’s equities team between 2017 and 2020. Jóhann is a business graduate from the University of Iceland and is a licensed securities broker.

Benedikt Gíslason, CEO of Arion Bank:

“I would like to thank the valued colleagues who are now leaving the Bank for their excellent work and contribution to the Bank’s success. Ásgeir has been at Arion Bank for almost three years and has been instrumental in the key strategic changes introduced at the Bank, not least in the services we provide to our corporate clients. Margrét has been on the executive committee of Arion Bank for 13 years and has led the Bank’s Asset Management business during this time and the Capital Markets division for the last three years. Margrét is leaving the business in excellent shape and both Asset Management and Capital Markets are market leaders in Iceland. I wish them both the very best of luck in their new endeavours.

I would like to congratulate Iða Brá, Jóhann and Hákon Hrafn on their new roles at Arion Bank.”