Former Swedbank Group CFO employed by LHV

Erkki Raasuke who is former chief financial officer of the Swedbank Group and adviser to Estonian Minister of Economic Affairs has joined Estonian-owned banking group LHV Group as board member, writes Äripäev.

Raasuke worked at Swedbank from 1994, most recently as chief financial office of the Swedbank Group in Stockholm. When he resigned in 2011, he agreed with his former employer that he will not work in banking for two years.

Raasuke’s most recent employment was to work as adviser to Juhan Parts, Minister of Economic Affairs, in 2012-2013.

Commenting his decision to join LHV, Raasuke said that he was impressed by the group’s team.

Q: Did you receive any other offers than from LHV?
A: I will not discuss it, but there were offers. I have recently held several discussions on the issue.

Q: When did you decide in favour of LHV?
A: At the end of August.

Q: Was there are special reason to go to LHV?
A: There was no special reason and I would not like to comment it here. But it was the moment where the thinking, wishes and plans of both sides matched each other best. I had decided for myself that in the autumn 2013 when the restrictions expire I will start working on my profession. So this was my decision.

Q: So you wanted to continue in banking?
A: Not so much in banking, but in a combination of financial sector and management.

Q: What motivated you to choose LHV?
A: LHV does not perhaps stand out from others, but the important thing in the decision was the team who wants to develop, who is oriented towards the future and is working hard to make the next day better than the previous one. This was the main criteria although it’s clear that there are many different teams that meet these requirements, LHV is not the only one. 

Q: Did you see a specific future prospect linked to LHV?
A: I would not say so. It was more dedication and a will to do something. And to keep looking ahead, not behind.

Toomas Hõbemägi