Andrej Cyba becomes Chairman of the Board at INVL Finasta brokerage firm

Andrej Cyba has become Chairman of the Board of the wealth-management financial brokerage firm INVL Finasta. He joined the company’s board on 27 September this year, after receiving the approval of the Bank of Lithuania, and was elected chairman. Since August, he is also Chief Business Development Officer at INVL Asset Management, one of the leading Lithuanian asset management companies. Both INVL Finasta and INVL Asset Management are part of Invalda INVL, one of the Baltic region’s leading asset management groups.

“We value Andrej Cyba as a professional of outstanding competence and expect that his accumulated knowledge and experience will effectively contribute to the development of our businesses,” said Darius Šulnis, CEO of Invalda INVL.

“I believe the field of asset management has big potential in Lithuania, so I’m happy to be able to join the Invalda INVL group’s asset management business again and continue actively working in this area,” Andrej Cyba said.

Andrej Cyba has more than 12 years of management experience in the areas of asset management, financial intermediation and capital raising, banking and manufacturing. He started his career in 2004 as a financial analyst at the Finasta brokerage firm. In 2008-2009 he worked in Invalda group companies managing private equity investments, and after the sale of the Finasta group companies became CEO of Finasta Asset Management.

In 2011, Cyba became a member of the board of Bankas Finasta AB and oversaw financial intermediation and treasury activities. In 2015 he was elected Chairman of the Board at Bankas Finasta. During 2016 he also worked on the Invalda INVL team as an advisor to the CEO. Andrej Cyba holds a bachelor’s degree in management and business administration from Vilnius University and also has a general financial broker license.

The financial brokerage firm INVL Finasta provides investment services focused on the needs of individual clients. INVL Asset Management manages pension and mutual funds, investment portfolios, private equity assets.

Invalda INVL AB, operating since 1991, is one of the leading asset management groups in the Baltic countries. Companies the group owns in Lithuania and Latvia manage more than 20 mutual, real estate and pension funds (2nd and 3rd pillar), alternative investments, individual portfolios, private equity and other financial instruments. The group’s companies manage over EUR 370 million of assets entrusted to them by more than 170,000 clients in Lithuania and Latvia as well as international investors. The shares of Invalda INVL have traded on the Nasdaq Baltic securities exchange since 1995.