The Baltic Capital Markets Conference returns in 2026 for its fifth year as the largest and most anticipated capital markets event in the Baltics.
This event 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.
Event moderator – Kaarel Ots, Head of Nasdaq Baltic Exchanges & CEO at Nasdaq Tallinn Mārtiņš Kazāks, Governor, Latvijas Banka Roberts Idelsons, CEO, Signet Bank
Session 1
Baltic Equity Market: Can the Baltics Create the Next Wave of Listed Companies?
What will it take to build a stronger IPO pipeline in the Baltics? The discussion will explore lessons from Poland, the Nordics and other European markets, the potential of private and family-owned businesses, and what could bring more companies to the public markets.
Brief overview
Henrik Husman, President of Nasdaq Helsinki & Head of European Equities
Panel discussion
Moderator – Mihkel Nestor, Chief Economist, SEB Estonia
Panelists: John Turesson, SEB Group Head of Corporate and Investment Banking Arvydas Jacikevičius, Fund Manager, Artea Asset Management Jarek Fracki, Senior Adviser, Rothschild & Co Sanna Suvanto-Harsaae, Chairman of Posti Group & Finnair
Case study: LAU Infra Grupa IPO
Vilnis Vitkovskis, Chairman of the Board
Session 2
Baltic Debt Markets: From Local Success to Regional Relevance
Baltic bond markets have developed rapidly – but what is needed to take the next step? The session will examine growing Nordic investor and bank activity, the development of local institutional investors, larger benchmark-sized issues and the need for a more liquid secondary market.
Brief overview
Monsur Hussain, Head of Markets Research, Fitch Ratings
Brief overview
Kristiāna Janvare, Head of Investment Banking, Signet Bank
Panel discussion
Moderator - Kristiāna Janvare, Head of Investment Banking, Signet Bank
Panelists: Dalia Augaite, Partner, TEGOS Silver Kalmus, Head of DCM, LHV Bank
Case study: Apollo Group EUR 50m bond
Toomas Tiivel, Member of the Management Board / CEO, Apollo Group
Case study: Latvenergo, EUR 400m green bond
Mārtiņš Čakste, Chairman of the Board, Latvenergo
Case study: Līvlande Agro, EUR 11m bond
Mikus Janvars, Managing Partner and Co-Founder, Merito Partners
Session 3
Future of Securities Settlement
How will technology reshape capital market infrastructure? From distributed ledger technology and tokenized securities to the evolving role of central securities depositories, the discussion will look at how the Baltic market can prepare for increasingly digital capital markets.
Debt financing has played a significant role in Baltic real estate – could equity be next? The session will explore the potential for Baltic REITs and other listed investment vehicles, the sectors best positioned to attract capital and what could bring international investors back to the region.
Panel discussion
Moderator – Māris Vainovskis, Senior Partner, Eversheds Sutherland Bitāns
Panelists: Andrius Barštys, Chairman, CAPITALICA Andrius Stonkus, CIO, Lords LB Asset Management Kristaps Bērziņš, CEO & co-founder, Provendi asset management AIFP Viljar Arakas, Chairman of the Management Board, EfTEN Capital AS
Session 5
Capital at Home: Who Will Finance Baltic Growth?
As the Baltic investor landscape evolves, where will the capital for the region’s next stage of growth come from? The discussion will focus on retail and institutional investors, pension reforms and what could encourage more capital to be allocated to Baltic companies.
Presentation: "Income tax regime in Baltics and Nordics"
Uldis Cērps, CEO, Finance Latvia
Panel discussion
Moderator – Lauris Liepa, Managing Partner, COBALT
Head of Nasdaq Baltic Exchanges & CEO at Nasdaq Tallinn
International finance leader with 25+ years of experience in banking, advisory and capital markets. Before joining Nasdaq in 2016, led Financial Advisory at Deloitte, and led Corporate abnking at UniCredit. Since 2012 contributes to sector development in FinanceEstonia, where from 2025 acts as Chairman of the Management Board.
Mārtiņš Kazāks
Governer, Latvijas Banka
Governor since 2019. In this capacity, he is a member of the Governing Council and the General Council of the European Central Bank and serves as Governor of the International Monetary Fund for the Republic of Latvia. His background spans finance, economics and academic teaching.
Roberts Idelsons
CEO, Signet Bank
Signet Bank - one of Latvia’s leading corporate and investment banks. He has more than 30 years of experience in capital markets, investment banking and asset management. Since 2013 he leads Signet Bank, developing it into a key player in Baltic capital markets focused on providing local companies with access to traditional corporate loans and also innovative financing solutions.
Henrik Husman
President, Nasdaq Helsinki
Also Head of Cash Equities Europe at Nasdaq, leading market structure, trading innovation, and capital markets strategy. A member of the ESMA Secondary Markets Standing Committee Consultative Working Group, Chairman of the Listing Committee of Nasdaq Helsinki, and Vice Chairman of the Board of the Securities Markets Association in Finland.
John Turesson
Head of Corporate and Investment Banking, SEB Group
Since 2006 he has worked across several business areas in SEB and has held various managerial positions such as Head of Project, Asset and Export Finance Norway, Head of Large Corporate Coverage Norway, Country Head of SEB Norway and Head of Investment Banking before being appointed Co-head of Corporate & Investment Banking in 2025. A member of the board of Swedish House of Finance.
Arvydas Jacikevičius
Fund Manager, Artea Asset Management
True proponent of the Baltic Capital Markets and investor with more than 25 years of experience.
Kristiāna Janvare
Head of Investment Banking, Signet Bank
With over 20 years of market experience, helps Baltic companies raise capital through bond and share offerings and actively contributes to capital market development and financial literacy initiatives.
Silver Kalmus
Head of DCM, LHV Bank
Has extensive experience originating, structuring and executing Baltic debt capital markets transactions across investment-grade, high-yield and unrated segments. Focuses on attracting high-quality international investors to the Baltic DCM market.
Toomas Tiivel
Member of the Management Board / CEO, Apollo Group
At Apollo Group, he contributes to the development of one of the Baltics’ leading entertainment and restaurant groups. His background spans media, telecom and retail, with a focus on business growth, transformation and expansion.
Mārtiņš Čakste
Chairman of the Board, Latvenergo
Has been the Chairman of the Management Board of Latvenergo AS, Chief Executive Officer (CEO), Member of the Board of Directors at Eurelectric, Vice President of the Latvian National Committee of the World Energy Council since 2021.
Mikus Janvars
Managing Partner and Co-Founder, Merito Partners
Founder and Managing Partner of Latvia based investment firm Merito Partners with 20+ years experience in M&A, transaction structuring and investments.
Indars Aščuks
Vice President, Nasdaq & CEO, Nasdaq CSD
Leading post-trade services across the Baltics and Iceland with over 20 years of experience in financial markets.
Jens Hachmeister
Managing Director, Clearstream Holding AG
A senior leader at Deutsche Börse Group, driving innovation in post-trade services and market infrastructure with a focus on digital transformation.
Andrius Stonkus
CIO, Lords LB Asset Management
At Lords LB Asset Management, he leads office, retail, hospitality and infrastructure investments across the Baltics, Poland and Germany.
Andrius Barštys
Chairman, CAPITALICA
Co-Founder of Capitalica Asset Management, with over 25 years of experience in capital markets, investment management and real estate across the Baltics.
Kristaps Bērziņš
CEO & co-founder, Provendi asset management AIFP
Over 17 years of experience in private capital, real estate and corporate finance, he has worked on LBO/MBO transactions and helped build Provendi Asset Management and Provendi Real Estate Fund €215m Baltic real estate portfolio.
Viljar Arakas
Chairman of the Management Board, EfTEN Capital AS
At EfTEN Capital, he has built the region’s largest real estate fund management company, with €1.4bn in assets under management. He also serves on Estonia’s Fiscal Council and the Supervisory Board of Coop Pank.
At Swedbank Investment Funds, she focuses on alternative and local investments for Estonia’s pension funds, with expertise in Baltic private equity, venture capital and real estate.
Nearly 30 years of experience in investing, corporate finance and building businesses across the Baltics and Emerging Europe.
Atis Krūmiņš
CEO, Luminor Asset Management IPAS
Head of Asset Management & Pensions for the Baltics at Luminor, with 20 years of financial markets experience spanning wealth management and pension fund management.
Tautvydas Marčiulaitis
Fund manager, Milvas Asset Management
Partner and fund manager at Milvas, managing Baltic Corporate Bond Fund.
News
“If you care about where the Baltic markets are headed, you can’t just read the charts – you’ve got to be in the room. That’s why I’m at the Baltic Capital Markets Conference.”
Liene Dubava CEO of Nasdaq Riga
“Baltic Capital Markets Conference presents a prime opportunity to explore local strategies for deepening capital markets and fostering a robust savings and investment culture.”
Uldis Cērps CEO of Finance Latvia Association
"I’m excited to participate in the Baltic Capital Markets Conference to gain fresh insights into regional market trends and build valuable professional connections."
Vaidas Daktariūnas CEO of Valstybės investicinis kapitalas
“The Baltic Capital Markets Conference 2025 in Riga is more than an event – it is the beating heart of the region’s financial evolution and gateway to understanding one of Europe’s most dynamic financial regions.”
Manfred Steinbeisser Managing Partner at Aalto Capital
“Baltic Capital Markets Conference has become a go-to event to discuss pertinent issues and most important stories in the region’s capital markets."
Tomas Kairys Head of Baltic States at EBRD
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