At a shareholders’ meeting of Arion Bank held on Friday 9 Paul Richard Horner and Gunnar Sturluson were elected as new members of the Board of Directors.
The Board of Directors of Arion Bank now has the following members: Brynjólfur Bjarnason (Chairman), Herdís Dröfn Fjeldsted (Vice-Chairman), Gunnar Sturluson, Liv Fiksdahl, Paul Richard Horner, Renier Lemmens, and Steinunn Kristín Þórðardóttir.
Paul Richard Horner graduated with M.A. Honours in music from the University of Oxford in 1983 and is an associate of the UK Chartered Institute of Bankers. Paul has extensive experience of Risk and General Management in Retail, Commercial, Investment and Private Banking, gained across various International markets. Paul held various Executive and Risk Management roles at Barclays PLC between 1988 and 2003. In 2003 Paul joined The Royal Bank of Scotland Group and served as an Executive and Senior Manager of Royal Bank of Scotland PLC and was appointed to various senior Risk and General Management Roles until June 2019. In 2012 to 2017, Paul was the Chief Risk Officer of Coutts & Co Ltd. and CEO of Coutts & Co Ltd, Zurich, in 2016-2017. In 2018 Paul was a Director of Risk at Ulster Bank DAC, Dublin, and is presently a Non-Executive Director at Coutts & Co Ltd. in Zurich.
Gunnar Sturluson graduated as Cand. Jur from the University of Iceland in 1992, completed an LL.M. degree in Law from the University in Amsterdam in 1995 and received a license to practice for the District Court in Iceland in 1993 and for the Supreme Court in 1999. Gunnar practiced law at a Málflutningsskrifstofan, law office, in 1992-1999 and became partner in 1995. He joined LOGOS Legal Services in 2000 as a partner and was managing partner in 2001-2013. Gunnar lectured in competition law in 1995-2007 at the University of Iceland Faculty of Law. Gunnar has held various directorships, among them, Board of Directors at Gamma hf. in 2017-2019, Chairman of the Board of Directors of the Icelandic National Broadcasting Service (RÚV) 2016-2017, Director at the Nordic Arbitration Center, President of the International Federation of Icelandic Horse Associations, Chairman of the Board of Directors of the Icelandic Dance Company 2013-2016 and was voted by the Icelandic Parliament to serve on the National Electoral Commission in 2013-2017.
On the shareholders’ meeting Júlíus Þorfinnsson was elected to the Bank’s Nomination Committee. The other members of the Committee are Herdís Dröfn Fjeldsted and Sam Taylor (Chairman).
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