Rachelle Frewer has been appointed as the brand new chief monetary officer (CFO) of LHV Financial institution.
Her appointment comes just some weeks after the information that present CFO Gary Sher will probably be stepping down in early September.
Sher joined the financial institution in July 2021 within the preliminary section of the banking licence course of, which it obtained final month.
Pending regulatory approval, Frewer will begin as CFO within the new yr and be part of the board of administrators of LHV Financial institution.
She joins from foreign money alternate firm Moneycorp Financial institution, the place she was CFO and board member for the final yr.
“Rachelle will drive our monetary technique to help our enterprise growth, notably as we improve our SME lending actions and put together to begin accepting retail deposits,” LHV Financial institution CEO Erki Kilu mentioned.
After securing its banking licence in early Might, the financial institution now plans to widen its buyer base, hoping to just accept retail deposits later this yr.
