SOURCE: Glitnir

August 23, 2007 04:06 ET

Teri Heilala Appointed Head of FIM's Retail Banking Operations

HELSINKI, FINLAND and REYKJAVIK, ICELAND--(Marketwire - August 23, 2007) - Teri Heilala, M.Sc. (Econ.), CEFA, has been appointed Head of Retail Banking and member of the Management Board of FIM Group Corporation, Helsinki, Finland, effective as of August 2007.

Teri Heilala has been developing FIM's banking operations since May 2007 when he joined the company. Prior to FIM, Teri Heilala worked as Head of Retail Banking at eQ Bank. He has also held several managerial and executive positions within the financial services industry. Teri Heilala will report to Pekka Väisänen, CEO of FIM Group Corporation.

"Teri will be responsible for starting and developing our retail banking business in Finland. In addition, Teri will contribute to our overall business development as a member of the Group's Management Board. His long-term experience in retail banking strengthens our expertise even further and helps us to expand our services," says Pekka Väisänen, CEO of FIM Group Corporation.

Facts about FIM:

FIM is a growing investment services group that offers asset management, brokerage and investment banking services for private individuals and organizations. Since March 2007 FIM is part of Nordic financial group Glitnir. In addition to the head office in Helsinki, FIM has regional offices in Espoo, Jyväskylä, Kuopio, Lahti, Oulu, Riihimäki, Tampere, Turku and Vaasa. FIM also operates in Stockholm and Moscow. The company had net sales in 2006 of EUR 82.0 million, and it posted operating profit of EUR 19.1 million. FIM had a payroll of 284 employees at the end of 2006. www.fim.com and www.glitnir.fi

Facts about Glitnir:

Glitnir is a leading Nordic based bank and finance institution. In the Northern Europe Glitnir concentrates on selected business lines including investment management, investment banking, corporate banking and securities market. Glitnir considers Northern Europe its home market. The Glitnir group has operations in Nordic countries, the UK, Luxembourg, Russia, Canada and China and plans to open a US office in New York in the fall of 2007. Glitnir is listed on the Icelandic Stock Exchange. www.glitnirbank.com

Contact Information

  • FIM Group Corporation
    For further information, please contact:

    Pekka Väisänen
    CEO
    tel. +358 9 6134 6343

    Teri Heilala
    Head of Retail Banking
    tel. +358 9 6134 6521

    Bjørn Richard Johansen
    Managing Director, Glitnir Corporate Communication
    tel. +47 47 800 100

    Anssi Partanen
    Corporate Communication Manager
    tel. +358 9 6134 6429

    Distribution:
    The main media
    www.fim.com