The Baltic Capital Markets Conference returns for its fourth year as the largest and most anticipated event in the industry across the Baltics.
It brings together top professionals from investment banks, advisory and law firms, regulators, issuers, and institutional investors for a day of networking, insights, and strategic dialogue. This is the key platform to connect, exchange ideas, and strengthen relationships shaping the future of Baltic capital markets.
Conference Program
Thursday, November 27
08:00
Registration
09:00
Opening addresses
Event moderator - Kaarel Ots, CEO, Head of Nasdaq Baltic Exchanges
Speeches:
Evika Siliņa, Prime Minister, Republic of Latvia
Mārtiņš Kazāks, Governor, Latvijas Banka
Roberts Idelsons, CEO, Signet Bank
Speeches:
Evika Siliņa, Prime Minister, Republic of Latvia
Mārtiņš Kazāks, Governor, Latvijas Banka
Roberts Idelsons, CEO, Signet Bank
09:50
Panel discussion: How capital market can facilitate enhancing of public finances and investments?
Moderator - Uldis Cērps, CEO, Finance Latvia
Panelists:
Arvils Ašeradens, Minister of Finance, Republic of Latvia
Jürgen Ligi, Minister of Finance, Republic of Estonia
Kristupas Vaitiekūnas, Minister of Finance, Republic of Lithuania
Burkhard Kübel-Sorger, Vice President, Chief Financial Officer, EBRD
Arvils Ašeradens, Minister of Finance, Republic of Latvia
Jürgen Ligi, Minister of Finance, Republic of Estonia
Kristupas Vaitiekūnas, Minister of Finance, Republic of Lithuania
Burkhard Kübel-Sorger, Vice President, Chief Financial Officer, EBRD
10:40
Coffee Break
11:00
Brief overview
Vera Sutedja, Head of Equity Capital Markets, Erste Group Bank
Brief overview
Adam Kostyal, Head of European Listings, President Nasdaq Stockholm
Panel discussion: Baltic equity market: IPO drought - is it Baltic or global issue?
Moderator - Rūdolfs Eņģelis, Partner, Sorainen
Panelists:
Adam Kostyal, Head of European Listings, President Nasdaq Stockholm
Egle Fredriksson, Portfolio Manager, East Capital
Maire Gustavson, Head of Investment Banking, LHV Bank
Vera Sutedja, Head of Equity Capital Markets, Erste Group Bank
Adam Kostyal, Head of European Listings, President Nasdaq Stockholm
Egle Fredriksson, Portfolio Manager, East Capital
Maire Gustavson, Head of Investment Banking, LHV Bank
Vera Sutedja, Head of Equity Capital Markets, Erste Group Bank
Case study: Íslandsbanki’s journey since listing in 2021
Bjarney Anna, Executive Director of Communications & IR, Islandsbanki
12:30
Lunch break
13:30
Brief overview: Baltic bond market overview
Edmunds Antufjevs, Head of Investment Banking, Signet Bank
Panel discussion: Baltic debt capital market: are Baltic corporates delivering?
Moderator - Edgars Lodziņš, Partner, COBALT
Panelists:
Akvilė Skiparė, Head of Financial Institutions, Nordic Investment Bank
Aleksi Saarni, Head of Debt Capital Markets, Pareto Securities
Andrius Švolka, Head of Capital Market for Baltics, Newsec Baltics
Edmunds Antufjevs, Head of Investment Banking, Signet Bank
Akvilė Skiparė, Head of Financial Institutions, Nordic Investment Bank
Aleksi Saarni, Head of Debt Capital Markets, Pareto Securities
Andrius Švolka, Head of Capital Market for Baltics, Newsec Baltics
Edmunds Antufjevs, Head of Investment Banking, Signet Bank
Case study: Rīgas ūdens EUR 20m European Green bonds
Agnese Ozolkāja, Member Of The Management Board, Rīgas ūdens
Case study: VIK EUR 25m European Defence bonds
Vaidas Daktariūnas, CEO, Valstybės investicinis kapitalas
Presentation: Luxembourg - the European bridge to capital markets
Andreas Heinzmann, Equity Partner, GSK Stockmann
15:00
Coffee break
15:20
Presentation: Bank Credit Ratings: Approach, Recent Trends
Artur Szeski, Senior Director, Financial Institutions, Fitch Ratings
Case study: EUR 300m senior preferred bonds and EUR 50m perpetual AT1 bonds
Valters Ābele, CFO, Member Of The Management Board, Citadele Bank
Panel discussion: Baltic banks perspective – does development of local capital market offer new opportunities?
Moderator - Roberts Idelsons, CEO, Signet Bank
Panelists:
Ints Krasts, Member Of The Management Board, SEB banka
Juhan Peet, Head of Treasury, LHV Bank
Santa Purgaile, Deputy Governor, Latvijas Banka
Vlad Ender, Head of Treasury, Citadele Bank
Ints Krasts, Member Of The Management Board, SEB banka
Juhan Peet, Head of Treasury, LHV Bank
Santa Purgaile, Deputy Governor, Latvijas Banka
Vlad Ender, Head of Treasury, Citadele Bank
16:30
Panel discussion: Baltic investor universe: a journey to market maturity
Moderator - Māris Vainovskis, Senior Partner, Eversheds Sutherland Bitāns
Panelists:
Endriko Vorklaev, Fund Manager, SEB Estonia
Peter Elam Håkansson, Chairman & CIO, East Capital
Regimantas Valentonis, CIO, Artea Asset Management
Rokas Žemaitis, Fund Partner, I Asset Management
Endriko Vorklaev, Fund Manager, SEB Estonia
Peter Elam Håkansson, Chairman & CIO, East Capital
Regimantas Valentonis, CIO, Artea Asset Management
Rokas Žemaitis, Fund Partner, I Asset Management
17:20
Closing remarks
17:30
Networking Reception
Issuer talk stage program
from 11:00
Presentations
11:00 - 11:30 ESTO Group
11:30 - 12:00 Storent Holding
12:00 - 12:30 Endover
Lunch break
13:30 - 14:00 Virši-A
14:00 - 14:30 EfTEN Capital
14:30 - 15:00 Lietuvos kredito unija
Coffee break
15:30 - 16:00 ELKO Group
11:30 - 12:00 Storent Holding
12:00 - 12:30 Endover
Lunch break
13:30 - 14:00 Virši-A
14:00 - 14:30 EfTEN Capital
14:30 - 15:00 Lietuvos kredito unija
Coffee break
15:30 - 16:00 ELKO Group
Speakers
- Arvils AšeradensMinister of Finance, Republic of Latvia
- Jürgen LigiMinister of Finance, Republic of Estonia
- Kristupas VaitiekūnasMinister of Finance, Republic of Lithuania
- Mārtiņš KazāksGovernor, Latvijas Banka
- Kaarel OtsCEO, Head of Nasdaq Baltic ExchangesInternational finance leader with 25+ years experience in banking, advisory and capital markets. Before joining Nasdaq in 2016, led Financial Advisory at Deloitte, and earlier at UniCredit. Since 2012 contributes to sector development in FinanceEstonia, where from 2025 acts as Chairman of the Management Board.
- Uldis CērpsCEO, Finance LatviaCEO of Finance Latvia since Oct 2024, is a financial risk expert with 30+ years in central banking, regulation, and markets. Formerly advised UAE Central Bank, ex-CEO Riga SE & Chair Latvia FCMC.
- Rūdolfs EņģelisPartner, SorainenPartner and co-head of the regional Finance & Insurance group, advising on capital markets, renewables, fintech and emerging defense projects. Since 2004, worked on increasiningly complex projects with a meaningful contribution to make the Baltic region more prosperous.
- Edgars LodziņšPartner, COBALTOne of Latvia’s leading capital markets lawyers, with over 20 years of experience advising clients on major bond issuances, IPOs, listings, and sovereign transactions.
- Roberts IdelsonsCEO, Signet Bank30+ years experience in capital markets and investment banking. Started at Riga Stock Exchange, later in senior roles at Citadele. Since 2013 leads Signet Bank’s growth and expanding financing for local companies.
- Māris VainovskisSenior Partner, Eversheds Sutherland BitānsSenior Partner and Head of the Banking and Finance practice at Eversheds Sutherland Bitāns, is a leading Capital Markets expert with more than 25 years of experience advising on banking and finance, commercial, and company law matters.
- Burkhard Kübel-SorgerVice President, Chief Financial Officer, EBRDVice President and CFO of the EBRD with 18 years at J.P. Morgan SE in Frankfurt. Former CFO, COO, and CRO, also ex-CEO of the Association of Foreign Banks in Germany, driving EBRD’s financial strategy.
- Vera SutedjaHead of Equity Capital Markets, Erste Group BankWith over two decades in investment banking across London and Vienna, she’s led roles in research, fund management, M&A, and ECM. At Erste Group Bank since 2008, she became Head of ECM in 2024, holding an MBA from Rotterdam School of Management.
- Adam KostyalHead of European Listings, President Nasdaq StockholmOver 20 years at Nasdaq, leading listings across the Nordics, Baltics and Iceland. Previous experience includes roles at Cell Network, Bloomberg and Enron. Holds a BA in Economics & Marketing.
- Egle FredrikssonPortfolio Manager, East CapitalPortfolio Manager at East Capital Group covering Eastern and Central European markets and with responsibilities towards both the East Capital New Europe and East Capital Balkans funds.
- Maire GustavsonHead of Investment Banking, LHV BankHeading the investment-banking team at LHV Pank, advising Baltic-region companies on capital-market transactions, M&A and strategic growth.
- Bjarney AnnaExecutive Director of Communications & IR, IslandsbankiAt Íslandsbanki since 2023, Bjarney oversees media strategy, investor relations and research. Previously a BBA//Fjeldco partner, she’s a qualified lawyer and securities broker with Icelandic law degrees.
- Edmunds AntufjevsHead of Investment Banking, Signet BankWith nearly 15 years of experience, he specializes in capital markets projects, helping local companies raise funds through bond issues and share offerings. Also serves as Co-Chair of the Capital Markets Committee at the FLA and as a Member of the Nasdaq CSD Latvian User Committee.
- Akvilė SkiparėHead of Financial Institutions, Nordic Investment BankIn NIB she leads strategic partnerships with banks across the Nordic-Baltic region to advance sustainable finance and climate-aligned lending. With prior executive roles at SEB and board experience in Swedish-Lithuanian commerce, Akvilė brings deep expertise in corporate banking, risk management, and sustainability.
- Aleksi SaarniHead of Debt Capital Markets Finland, Partner, Pareto Securities OyHead of DCM at Pareto Finland, having advised on +EUR 3bn in high yield bonds for issuers across the Nordics and Continental Europe
- Andrius ŠvolkaHead of Capital Market for Baltics, Newsec BalticsOver a decade at Northern Horizon, leading Baltic Horizon IPO, SPO, bond issues and acquisitions. In seven years at Newsec, driving 60% of Baltic market deals, including Alfa SC, Galeria Centrs, Technopolis campuses in Tallinn and Vilnius.
- Agnese OzolkājaMember Of The Management Board, Rīgas ūdensMember of the Management Board at “Rīgas ūdens” since 2023, with nearly 20 years of experience in the financial sector, including leadership roles at SEB Bank
- Vaidas DaktariūnasCEO, Valstybės investicinis kapitalasEconomist and financial instrument expert with nearly 20 years in Lithuanian development banking. Successfully led the first €25M bond emission (part of a €400M EMTN Company‘s program) listed under Nasdaq’s new European defense bond framework to fund strategic defense initiatives in Lithuania.
- Andreas HeinzmannEquity Partner, GSK StockmannPartner at GSK Stockmann Luxembourg, specialising in securities law, capital markets and banking. Advises on debt, equity, securitisations, and derivatives. He is active in Luxembourg industry groups.
- Artur SzeskiSenior Director, Financial Institutions, Fitch RatingsSenior Director at Fitch Ratings, leading bank ratings in Central and Eastern Europe. Joined in 2006 after 12 years at CDM Pekao, where he covered Polish banks and led the research department.
- Valters ĀbeleCFO, Member Of The Management Board, Citadele BankAt Citadele since 2010, first as CRO with compliance and AML responsibility, now 5 years as CFO overseeing treasury, finance and loan workout. Previously worked in audit at Ernst & Young.
- Ints KrastsMember Of The Management Board, SEB bankaAn experienced banking executive and SEB Latvia Board Member, driving sector growth and collaboration as Co-Chair of the Finance Association’s Lending Committee.
- Juhan PeetHead of Treasury, LHV BankHead of Group Treasury at LHV, responsible for funding, liquidity, capital, and market risk management. He oversees all of LHV’s debt issuances and drives strategic balance sheet resilience.
- Santa PurgaileDeputy Governor, Latvijas BankaDeputy Governor of Latvijas Banka since 2023. Former Chairperson of the FCMC. Member of the Supervisory Board of the European Central Bank and represents Latvia's interests in the work of the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority.
- Vlad EnderHead of Treasury, Citadele BankAfter a decade in London’s energy and finance scene, Vlad returned to the Baltics in 2022 to elevate Citadele’s Treasury into a dynamic, growth-driven powerhouse.
- Endriko VõrklaevCFA ,Fund Manager, SEB EstoniaAs a senior fund manager, he manages more than 1bn EUR pension fund assets at SEB Asset Management Estonia. His portfolios are allocated across global equities and fixed income, alternatives and real estate.
- Peter Elam HåkanssonChairman & CIO, East CapitalA multi-award-winning investor, based in Stockholm with offices Tallinn, Riga, Vilnius, Hong Kong, Luxembourg and research hubs in Dubai and Mumbai.
- Regimantas ValentonisCIO, Artea Asset Management15+ years of asset management experience, with deep insight into Baltic & CEE markets. Brings perspective on recent changes in Lithuania’s pension system.
- Rokas ŽemaitisFund Partner, I Asset Management15+ years in corporate finance and banking. Led PwC Lithuania’s Deals team in M&A advisory. Earlier roles at DNB and SEB managing major Baltic corporates and €600m+ credit portfolios.
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