Eva Cederbalk is the new chairman of the Board of Directors of Arion Bank

Eva Cederbalk was elected chairman of the Board of Directors of Arion Bank at a board meeting on Monday 26 June. Eva, who was elected on to the Board at a shareholders' meeting on 23 June, has extensive management experience from many years in the Swedish financial sector.

Eva is currently chief executive officer of Cederbalk Consulting AB and was previously chief executive of Netgiro Systems AB and managing director of Dial Försäkring AB. She has an MSc in economics from the Stockholm School of Economics.

The Board of Directors of Arion Bank now has the following members: Eva Cederbalk chairman, Gudrún Johnsen vice chairman, Brynjólfur Bjarnason, Jakob Már Ásmundsson, John P. Madden, Kirstín Th. Flygenring, Måns Höglund and Thóra Hallgrímsdóttir. Kirstín is the representative of Icelandic State Financial Investments on the Board, and the others are nominated by Kaupskil.