IPAS Indexo
Henrik Karmo
Areas of responsibility:
Strategy and development, IT, business and data analytics, sales, marketing
Professional work experience:
Professional with 20 years of experience in financial management
Education:
Bachelor’s degree in economics and business (SSE Riga)
Information about positions in other companies:
- Board member of Goindex, UAB
- Dagny OÜ, director
- OÜ Capital Coordination, director
- Tulundusühistu Tuleva, council member
- Beacon Properties OÜ, member of the board
Number of shares owned/controlled by IPAS “Indexo”:
408 287 (3.85 %) as of 30.06.2026.
Marija Černoštana
Areas of responsibility:
Risk management and operational compliance, data protection, legal issues and record keeping, sustainability
Professional work experience:
More than 20 years of experience working in a financial institution, providing legal support in the field of the financial market
Education:
LLM, Master of International and European Law, Riga Graduate School of Law
Legal qualification, University of Latvia
Positions in other companies:
AS INDEXO Bank, Head of the Legal Department
Number of IPAS Indexo shares:
560 (0.01 %) as of 30.06.2026.
Artūrs Roze
Areas of responsibility
IPAS Indexo asset management, IT, sales, quality control, customer service
Professional work experience:
10 years of experience in leading financial companies in Latvia
Education:
Bachelor’s degree in economics and business management (SSE Riga)
Information about positions in other companies:
Member of the board of SIA “R cap”
Number of shares owned/controlled by IPAS “Indexo”:
6643 (0.06 %) as of 30.06.2026.
Mārtiņš Jaunarājs
Areas of responsibility:
Financial market matters
Professional work experience:
Business management professional with over 30 years of experience in Latvia’s finance and technology sectors
Education:
- Master’s degree in business administration (LU)
- Certificate of financial analyst from the CFA Institute
Information about positions in other companies:
- Chairman of the Council at Pure Chocolate SIA
- Liquidator at BaltCap Latvia Venture Capital Fund KS
- Member of the Board at Sapratix SIA
- Member of the Board at Agenda Capital SIA
Number of shares owned/controlled by IPAS “Indexo”:
57591 (0.56 %) as of 30.06.2026.
Svens Dinsdorfs
Areas of responsibility:
Internal and external audit
Professional work experience:
Professional with 20 years of experience in financial management
Education:
- Master’s degree in international business and economics with a specialty in finance (SSE Riga)
- Bachelor’s degree in economics and business (SSE Riga)
Information about positions in other companies:
- Director of AS “ELKO Grupa”.
- Member of the Audit Committee of AS “Latvenergo”.
Number of shares owned/controlled by IPAS “Indexo”:
63 269 (0.61 %) as of 30.06.2026.
Druvis Mūrmanis
Areas of responsibility:
Capital and liquidity management
Professional work experience:
A professional with more than 30 years of experience in the banking sector, financial markets, corporate governance, restructuring, and investments. Extensive experience in management board and supervisory board positions in Latvia and internationally, including at systemically important financial institutions.
Education:
- Executive MBA (SSE Riga)
- Bachelor’s degree (Faculty of Economics and Management, University of Latvia)
Information about positions in other companies:
- Chairman of the Supervisory Board, AS INDEXO Real Estate Fund
Number of shares owned/controlled by IPAS “Indexo”:
82 as of 30.06.2026.
Madis Toomsalu
Areas of responsibility:
Strategy and business model, IT
Professional work experience:
A professional with nearly 20 years of experience in the financial and banking sectors, including credit management, risk management, capital management, and corporate governance.
Education:
- Master’s degree in Social Sciences, Public Sector Finance (Tallinn University of Technology)
- Bachelor’s degree in Social Sciences, Business Administration (Tallinn University of Technology)
Information about positions in other companies:
- Chairman of the Supervisory Board, Monemon AS
- Chairman of the Supervisory Board, Hüpoteeklaen AS
- Member of the Supervisory Board, State Forest Management Centre (RMK)
- Energbank, Member of the Supervisory Board
Number of shares owned/controlled by IPAS “Indexo”:
–
Jānis Pizičs
Areas of responsibility:
Financial reporting and accounting
Professional work experience:
A professional with more than 20 years of experience in financial management, investment management, and business management, including private equity fund management, corporate governance, and the management of international companies.
Education:
- Master’s degree in Business Administration, Finance (Riga Business School)
- Bachelor’s degree in Economics (SSE Riga)
Information about positions in other companies:
- Partner, Merito Partners
- Member of the Supervisory Board, DelfinGroup AS
Number of shares owned/controlled by IPAS “Indexo”:
1340 (0,01 %) as of 30.06.2026.
Svens Dinsdorfs
Areas of responsibility:
Internal and external audit
Professional work experience:
Professional with 20 years of experience in financial management
Education:
- Master’s degree in international business and economics with a specialty in finance (SSE Riga)
- Bachelor’s degree in economics and business (SSE Riga)
Information about positions in other companies:
- Director of AS “ELKO Grupa”.
- Member of the Audit Committee of AS “Latvenergo”.
Number of shares owned/controlled by IPAS “Indexo”:
63 269 (0.61 %) as of 30.06.2026.
Zlata Elksniņa-Zaščirinska
Areas of responsibility:
Finance, risk management, regulation, and strategic leadership
Professional experience:
An experienced senior executive with more than 20 years of professional experience in tax, legal, regulatory, business, and financial advisory fields
Education
- Master’s degree in Economics (University of Latvia)
- BICG supervisory board member training
- FCCA qualification
Information about positions in other companies:
- Deputy Chair of the Board, Foreign Investors’ Council in Latvia (FICIL)
- Chair of the Supervisory Board, VAS Latvijas Dzelzceļš
Number of shares owned/controlled in IPAS “Indexo”:
–
Leo Ašmanis
Areas of responsibility:
External and internal audit
Professional work experience:
A professional with more than 15 years of experience in internal audit
Education:
- Professional qualification certificate of Internal Auditor – Certified Internal Auditor
- Sworn Auditor of the Republic of Latvia
- Bachelor’s degree in Management Science (University of Latvia)
Information about positions in other companies:
AS Latvenergo — Director of Internal Audit
Number of shares owned/controlled by IPAS “Indexo”:
–
Indexo Atklātais Pensiju Fonds AS
Jūlija Samoilova
Areas of responsibility:
Accounting and asset accounting, sales, marketing, record keeping function
Professional work experience:
More than 16 years of experience in the Latvian commercial banking sector, including working as chief accountant at Expobank, AS.
Education:
University of Latvia, Faculty of Economics and Management, second-level professional study program, economist qualification.
Information about positions in other companies:
Chief accountant of INDEXO Banka, AS
Chief accountant of IPAS INDEXO, AS
Number of shares owned/controlled by IPAS “Indexo”:
1000 (0.01 %) as of 30.06.2026.
Gints Ozoliņš
Area of responsibility:
INDEXO Banka: IT management, Information systems development, maintenance and security
INDEXO Atklātais Pensiju Fonds AS: IT, business process and data analysis functions
Professional work experience:
IT and management professional with 25 years of IT experience and more than 15 years of management experience
Education:
Master of Computer Science (University of Latvia)
Information about positions in other companies:
–
Number of shares owned/controlled by IPAS “Indexo”:
16 000 (0.15 %) as of 30.06.2026.
Olga Avenīte
Henrik Karmo
Areas of responsibility:
Strategy and development, IT, business and data analytics, sales, marketing
Professional work experience:
Professional with 20 years of experience in financial management
Education:
Bachelor’s degree in economics and business (SSE Riga)
Information about positions in other companies:
- Board member of Goindex, UAB
- Dagny OÜ, director
- OÜ Capital Coordination, director
- Tulundusühistu Tuleva, council member
- Beacon Properties OÜ, member of the board
Number of shares owned/controlled by IPAS “Indexo”:
408 287 (3.85 %) as of 30.06.2026.
Ivita Asare
Areas of responsibility:
INDEXO Banka: Finance, asset and liability management, accounting, capital and liquidity management, legal affairs, record keeping, human resource management, transaction assurance
INDEXO Atklātais Pensiju Fonds AS: Management, accounting, NILLTPFN and sanctions management, risk management and operational compliance, data protection, legal issues, record keeping and sustainability
Professional work experience:
Management-level professional with more than 20 years of experience in the banking industry
Education:
- Master’s degree in Business Management (RTU)
- Bachelor’s degree in economics and business (SSE Riga)
Information about positions in other companies:
Member of the board of the association “Handbola skola”.
Number of shares owned/controlled by IPAS “Indexo”:
3400 (0.03 %) as of 30.06.2026.
INDEXO Banka AS
Valdis Siksnis
Areas of responsibility:
Governance, strategy and development
Professional work experience:
Business management professional with more than 30 years of experience in the financial industry
Education:
- Executive MBA (Aalto University)
- Bachelor’s Degree in Computer Science and Applied Mathematics (LU)
Information about positions in other companies:
- Board member of VSCAP, SIA
- Callidus Capital, Ltd. consultant
- Member of the Council of the Latvijas Basketbola Savienība
Number of shares owned/controlled by IPAS “Indexo”:
287 586 (2.78 %) as of 30.06.2026.
Ivita Asare
Areas of responsibility:
INDEXO Banka: Finance, asset and liability management, accounting, capital and liquidity management, legal affairs, record keeping, human resource management, transaction assurance
INDEXO Atklātais Pensiju Fonds AS: Management, accounting, NILLTPFN and sanctions management, risk management and operational compliance, data protection, legal issues, record keeping and sustainability
Professional work experience:
Management-level professional with more than 20 years of experience in the banking industry
Education:
- Master’s degree in Business Management (RTU)
- Bachelor’s degree in economics and business (SSE Riga)
Information about positions in other companies:
Member of the board of the association “Handbola skola”.
Number of shares owned/controlled by IPAS “Indexo”:
3400 (0.03 %) as of 30.06.2026.
Jānis Mūrnieks
Areas of Responsibility:
Development of personal lending and daily service products, customer service
Professional Work Experience:
A professional with over 20 years of experience in the financial sector. Has held various leadership positions in Latvian and international banks.
Education:
- Master’s degree in Business Administration (RTU Riga Business School)
- Bachelor’s degree in Economics with a specialization in banking
Information about positions in other companies:
–
Number of shares owned/controlled in IPAS “Indexo”:
1305 (0.01 %) as of 30.06.2026.
Ieva Bauma
Areas of responsibility:
Branding, Marketing, Public and Investor Relations
Professional work experience:
Professional with more than 10 years of experience in marketing and communication
Education:
- Master’s Degree in Business and Management (RTU)
- Bachelor’s Degree in Financial Engineering (RTU)
Information about positions in other companies:
–
Number of shares owned/controlled by IPAS “Indexo”:
5 594 (0.05 %) as of 30.06.2026.
Gints Ozoliņš
Area of responsibility:
INDEXO Banka: IT management, Information systems development, maintenance and security
INDEXO Atklātais Pensiju Fonds AS: IT, business process and data analysis functions
Professional work experience:
IT and management professional with 25 years of IT experience and more than 15 years of management experience
Education:
Master of Computer Science (University of Latvia)
Information about positions in other companies:
–
Number of shares owned/controlled by IPAS “Indexo”:
16 000 (0.15 %) as of 30.06.2026.
Evija Stūrmane
Areas of responsibility:
Operational compliance, AML/CFT and sanctions management, data protection
Professional work experience:
Experienced manager with over 20 years of work experience in the financial sector. The last years of her professional life have been dedicated to the development and implementation of AML/CFT, Sanctions and KYC processes in Latvian credit institutions.
Education:
- CAMS certificate;
- Bachelor’s degree in business administration
Information about positions in other companies:
–
Number of shares owned/controlled by IPAS “Indexo”
13 (<0.01 %) as of 30.06.2026.
Toms Grīnbergs
Areas of Responsibility:
Bank Risk Management Department.
Professional Work Experience:
Risk management professional with 17 years of experience in the financial sector.
Education:
- Master’s degree in Economics and Business (Erasmus University)
- Bachelor’s degree in Economics (University of Latvia)
Information about positions in other companies:
–
Number of shares owned/controlled in IPAS “Indexo”:
100 (<0.01 %) as of 30.06.2026.
Mārtiņš Jaunarājs
Areas of responsibility:
Financial market matters
Professional work experience:
Business management professional with over 30 years of experience in Latvia’s finance and technology sectors
Education:
- Master’s degree in business administration (LU)
- Certificate of financial analyst from the CFA Institute
Information about positions in other companies:
- Chairman of the Council at Pure Chocolate SIA
- Liquidator at BaltCap Latvia Venture Capital Fund KS
- Member of the Board at Sapratix SIA
- Member of the Board at Agenda Capital SIA
Number of shares owned/controlled by IPAS “Indexo”:
57591 (0.56 %) as of 30.06.2026.
Henrik Karmo
Areas of responsibility:
Strategy and development, IT, business and data analytics, sales, marketing
Professional work experience:
Professional with 20 years of experience in financial management
Education:
Bachelor’s degree in economics and business (SSE Riga)
Information about positions in other companies:
- Board member of Goindex, UAB
- Dagny OÜ, director
- OÜ Capital Coordination, director
- Tulundusühistu Tuleva, council member
- Beacon Properties OÜ, member of the board
Number of shares owned/controlled by IPAS “Indexo”:
408 287 (3.85 %) as of 30.06.2026.
Zlata Elksniņa-Zaščirinska
Areas of responsibility:
Finance, risk management, regulation, and strategic leadership
Professional experience:
An experienced senior executive with more than 20 years of professional experience in tax, legal, regulatory, business, and financial advisory fields
Education
- Master’s degree in Economics (University of Latvia)
- BICG supervisory board member training
- FCCA qualification
Information about positions in other companies:
- Deputy Chair of the Board, Foreign Investors’ Council in Latvia (FICIL)
- Chair of the Supervisory Board, VAS Latvijas Dzelzceļš
Number of shares owned/controlled in IPAS “Indexo”:
–
Madis Toomsalu
Areas of responsibility:
Strategy and business model, IT
Professional work experience:
A professional with nearly 20 years of experience in the financial and banking sectors, including credit management, risk management, capital management, and corporate governance.
Education:
- Master’s degree in Social Sciences, Public Sector Finance (Tallinn University of Technology)
- Bachelor’s degree in Social Sciences, Business Administration (Tallinn University of Technology)
Information about positions in other companies:
- Chairman of the Supervisory Board, Monemon AS
- Chairman of the Supervisory Board, Hüpoteeklaen AS
- Member of the Supervisory Board, State Forest Management Centre (RMK)
- Energbank, Member of the Supervisory Board
Number of shares owned/controlled by IPAS “Indexo”:
–
Druvis Mūrmanis
Areas of responsibility:
Capital and liquidity management
Professional work experience:
A professional with more than 30 years of experience in the banking sector, financial markets, corporate governance, restructuring, and investments. Extensive experience in management board and supervisory board positions in Latvia and internationally, including at systemically important financial institutions.
Education:
- Executive MBA (SSE Riga)
- Bachelor’s degree (Faculty of Economics and Management, University of Latvia)
Information about positions in other companies:
- Chairman of the Supervisory Board, AS INDEXO Real Estate Fund
Number of shares owned/controlled by IPAS “Indexo”:
82 as of 30.06.2026.
Jānis Pizičs
Areas of responsibility:
Financial reporting and accounting
Professional work experience:
A professional with more than 20 years of experience in financial management, investment management, and business management, including private equity fund management, corporate governance, and the management of international companies.
Education:
- Master’s degree in Business Administration, Finance (Riga Business School)
- Bachelor’s degree in Economics (SSE Riga)
Information about positions in other companies:
- Partner, Merito Partners
- Member of the Supervisory Board, DelfinGroup AS
Number of shares owned/controlled by IPAS “Indexo”:
1340 (0,01 %) as of 30.06.2026.
