Úlfar Freyr Stefánsson has been appointed Chief Risk Officer of Arion Bank. Úlfar is taking over from Gísli S. Óttarsson who will be leaving the Bank after having been Chief Risk Officer and a member of the Bank's executive committee since 2009. Gísli will step down at the end of the month but will continue to work in an advisory capacity for the Bank.
Úlfar joined the Bank's Risk Management division in 2013 after having worked at Kaupthing since 2010, where his positions included head of risk management. Úlfar was Head of Portfolio Risk at Arion Bank from 2013 to 2015, when he took over as Head of Balance Sheet Risk. Úlfar has a doctorate in mathematics from Georgia Institute of Technology and a master's from the same institution. He also has a BSc in mathematics from the University of Iceland and is a certified securities broker.
Benedikt Gíslason, CEO of Arion Bank:
"I would like to thank Gísli for his excellent work and vital contribution to the Bank over the years. His successor as Chief Risk Officer, Úlfar Freyr, has vast experience and an in-depth knowledge of the workings of Arion Bank as he has been with us since 2013. I wish Gísli all the very best for the future and I warmly welcome Úlfar to the executive committee of Arion Bank."
For further information please contact Haraldur Gudni Eidsson, Head of Communications at haraldur.eidsson@arionbanki.is, or tel. +354 856 7108.
