Corporate governance
Management documents
- Law on Development Finance Institution
- Articles of association
- Strategy
- Corporate governance principles
- Corporate governance report
- Guidelines of Code of Ethics
Law on Governance of Capital Shares of a Public Person and Capital Companies
Shareholders’ representatives
Supervisory Board
Līga Kļaviņa
Chairperson of the Supervisory Board (currently Deputy State Secretary for Financial Policy Matters at the Ministry of Finance of the Republic of Latvia). Ms. Kļaviņa has gained unrivalled experience of working with international financial institutions. She holds a Master’s degree in Law. Līga Kļaviņa has held many posts within the Ministry of Finance and has represented the interests of the Latvian government and Ministry of Finance in directly and indirectly state-owned enterprises.
Term of office: 25.12.2025.
Ilze Baltābola
Member of the Supervisory Board with experience in coordinating improvement of business environment and implementation of business support programmes in Latvia. Deputy director of the Economics Ministry’s Department of Entrepreneurship Competitiveness. She has a Master’s Degree in European Studies from the Faculty of Business Management and Economics of the University of Latvia.
Term of office: For the time until a new candidate is selected in line with the procedures of nominating supervisory board members, according to the Law on Governance of Capital Shares of a Public Person and Capital Companies.
Jānis Šnore
Member of the Supervisory Board with 15 years of experience of financial management and planning. At present Mr. Šnore occupies the post of Deputy State Secretary at the Ministry of Agriculture of the Republic of Latvia. Mr. Šnore graduated from the University of Agriculture of Latvia with Master’s degree in Agricultural Science. On top of that, he has obtained a professional course diploma in international economic relations from the Institute of International Affairs of the University of Latvia.
Term of office: For the time until a new candidate is selected in line with the procedures of nominating supervisory board members, according to the Law on Governance of Capital Shares of a Public Person and Capital Companies.
Gunta Darkevica
Head of the Audit Committee. Sworn auditor.
Longstanding experience with audit related fields. Fellow Member of UK Association of Chartered Certified Accountants (FCCA), Certified Internal Auditor (CIA) of the international Institute of Internal Auditors, Member of the Latvian Tax Consultants Association, certified tax consultant.
Obtained social sciences master’s degree in management science at the University of Latvia.
Term of office: 02.01.2025.
Ilze Baltābola
Member of the Audit Committee.
Deputy director of the Economics Ministry’s Department of Entrepreneurship Competitiveness.
She has a Master’s Degree in European Studies from the Faculty of Business Management and Economics of the University of Latvia.
Term of office: 02.01.2025.
Nils Sakss
Member of the Audit Committee.
Fiscal Policy Department director at the Ministry of Finance.
Prior to that, he worked as an expert in Ukraine, Croatia, Hungary, Libya and Slovenia, served as the director of the secretariat of the Education Innovation Fund and Society Integration Fund, director of the Strategic Planning Department and the European Integration and International Aid Coordination Department of the Ministry of Education and Science, as well as the Cultural, Education and Science Attaché at the Latvian Mission to the EU. Worked as a lecturer at the University of Latvia and was the council chairman of joint-stock company Latvijas Loto.
Holds a master’s degree in physics and economics from the University of Latvia.
Term of office: 02.01.2025.
Management Board
Reinis Bērziņš
Chairman of the Management Board
Reinis Bērziņš is a professional of business management and finances with a remarkable experience in managing enterprises and institutions. He has obtained a master’s degree in international banking and finance as well as in business management (in Swiss Business School) and a degree in law. His main responsibilities include oversight of units responsible for financial and resource management, legal and human resources and energy efficiency of enterprises. He has been managing ALTUM since 12 October 2015. In addition to his position at JSC Development Finance Institution Altum Reinis Bērziņš also serves as a Member of the Supervisory Board at Three Seas Initiative Investment Fund S.A. SICAV-RAIF
Term of office: 26.05.2024.
Jēkabs Krieviņš
Member of the Management Board
J.Krieviņš is a financial expert with an experience of more than 25 years in organizing and managing business crediting processes obtained by working in the sector of commercial banks and national financial institutions. He has obtained a master’s degree in business and institutional management, a bank employment certificate and a bachelor’s degree in economics. Jēkabs Krieviņš is responsible for the development of IT and technologies, ALTUM’s customer and regional service centres as well as supervisory of the Latvian Land Fund.
Term of office: 26.05.2024.
Inese Zīle
Member of the Management Board
She has 20 years of experience in the financial sector including more than 15 years of experience in managing different departments as well as work experience in the public sector. Inese Zīle has obtained a master’s degree in international economics and business management. Her main responsibilities include corporate governance, marketing and public relations, development of ALTUM’s national support programmes and export guarantees. Inese Zīle is a Member of the Council of the Finance Latvia Association and Member of the Supervisory Board at JSC Sadales tīkls.
Term of office: 26.05.2024.
Ieva Jansone-Buka
Member of the Management Board
Ieva Jansone – Buka holds a professional master’s degree in business from the Riga School of Economics, a bachelor’s degree in social sciences in management and political science from the University of Latvia. I.Jansone – Buka’s work experience is related to the financial sector, working in leading positions at IPAS Indexo, SIA IJ Birojs and Nordea Bank Finland Plc. Latvia branch. I. Jansone – Buka has worked in senior management positions in the local companies SIA Clean R and SIA Vides Pakalpojumu Grupa.
Term of office: 17.03.2024.
Juris Jansons
Jansons has more than 20 years of experience in operational compliance, the prevention of financial crimes and risk management, gained while holding managerial posts at JSC Swedbank. Has received a master’s degree in law from the University of Latvia. In addition to his extensive experience in the prevention of money laundering, Juris Jansons has a CAMS certificate asserting his international competence.
The main area of responsibility of the Member of the Management Board will be risk management and the prevention of money laundering and financing of terrorism and proliferation.
Term of office: 08.01.2026.