Audrius Matikiūnas will temporarily head INVL Asset Management

Effective 7 January 2025, Audrius Matikiūnas, the Head of Business Development at INVL Asset Management, the leading Baltic alternative asset manager, will become the interim CEO. He replaces Paulius Žurauskas, who has decided to step down and pursue a career outside the Invalda INVL group.

Mr Matikiūnas, who is a lawyer by education, was appointed interim CEO of INVL Asset Management following the approval of the Bank of Lithuania. He is also a member of the Investment Committee for the company’s feeder funds and funds of funds.

“We are grateful to Paulius for his significant contribution to the company’s growth and development and wish him every success in his future endeavours,” says Darius Šulnis, the CEO of Invalda INVL and Chairman of the Board of INVL Asset Management. “Audrius has been with the group for almost 9 years and is actively involved in the company’s activities. The Board of INVL Asset Management is confident that he will be able to ensure the smooth operation of the company until a decision on a new CEO is made.”

The Board of INVL Asset Management also includes Vytautas Plunksnis, the company’s Head of Private Equity, and Asta Jovaišienė, who heads the INVL Family Office.

“I am happy for being a part of INVL Asset Management organisation, strengthen the team and contribute to new stage of development that will enable further growth of the alternative asset management business,” says Paulius Žurauskas.

Mr Žurauskas assumed the role of CEO of INVL Asset Management as of 1 December 2023, upon the completion of a merger of the retail businesses of Invalda INVL and Šiaulių Bankas. For the past year, he was also a member of the Board of the INVL Family Office and of the Supervisory Board of INVL Asset Management in Latvia.

INVL Asset Management is a part of Invalda INVL, the leading Baltic asset management group, which currently employs more than 120 professionals. The Invalda INVL group manage or have under supervision more than EUR 1.6 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. The group’s scope of activities also includes family office services in Lithuania, Latvia and Estonia, management of pension funds in Latvia, and investments in global third-party funds.