LHV Bank has announced that Erki Kilu will take over as the new CEO of the bank, succeeding Kadri Kiisel, who will step down from her position on April 1st. This change comes as part of the bank's efforts to strengthen its leadership and strategic direction. Kilu has been with LHV Group since January 2021 and led its UK branch, where he successfully obtained a banking license in May 2023, demonstrating his capability and experience in the banking sector.

Mihkel Torim, the chairman of LHV Group, praised Kilu's unique combination of international perspective and extensive experience with LHV and in both home markets, suggesting that Kilu's leadership will revitalize LHV's growth in Estonia. The company's strategic vision under Kilu will focus on development and enhancing the connection between its Estonian operations and its UK branch, with an emphasis on innovative growth strategies as he steps into his new role.

Kilu expressed confidence about LHV's upcoming developmental phase, highlighting that changes will be made to enhance the bank's focus on growth across three strategic directions. This transition in leadership is seen as a pivotal moment for LHV Bank, indicating a significant shift towards future expansion and furthering its position in the competitive banking landscape.