President
NIB’s President is responsible for the conduct of the current operations of the Bank. The President is appointed by the Board of Directors for a term of five years at a time. In accordance with its delegation powers, the Board of Directors has authorised the President to make certain lending decisions and carry out borrowing and associated treasury activities.
The President is assisted in his or her work by the Executive Committee, the Asset and Liability Committee, the Mandate, Credit and Compliance Committee, the Treasury Committee and the Business and Technology Committee.
André Küüsvek
André Küüsvek (Estonia) took up his position as President and Chief Executive Officer (CEO) of NIB on 1 April 2021. He holds a Master of Science degree in Construction Engineering from Tallinn University of Technology. He is a graduate of the Estonian Business School and Stockholm School of Economics. André Küüsvek succeeded Henrik Normann (Denmark), who had been President and CEO of NIB April 2012-April 2021.
Before joining NIB, André Küüsvek has been working a Managing Director of Central Asia at the European Bank for Reconstruction and Development (EBRD). He has over 25 years of experience in international finance in various positions at the EBRD. Prior to that he worked in leading private banks in Estonia and Germany.
André Küüsvek’s CV can be obtained by contacting NIB’s Communications Unit.
Executive Committee
The Executive Committee is an advisory body to the President. It deals with policy and management issues; and has the overall responsibility for risk management.
Other committees
Asset, Liability & Risk Committee, Mandate, Credit & Compliance Committee, Business & Technology Committee.