New head of Šiauliai Bank appointed


Board of Šiauliai Bank appointed its new head of administration: from 1 February 2014 this position will be taken by Vytautas Sinius. From 23 December 2013 Vytautas Sinius continues to work in the Bank Board as Deputy Chairman.

New leader Vytautas Sinius joined the Šiauliai bank’s team in May 2011 – he served as the Board Member and Head of Business Banking Division. Before starting his career in the Bank, he advised the Board of the Bank Evropeisky in Russia, worked in SEB bank, where from 2006 to middle of 2010 he worked as SEB Bank vice-president and head of retail banking services office also was a member of SEB Bank Board. Even earlier V.Sinius worked for the then Lithuanian Savings Bank and Lithuanian Share and Innovation Bank. He is a graduate of Vilnius University, received Master's degree in Vytautas Magnus University, deepened his knowledge in the Baltic Management Institute. In the financial sector, Vytautas Sinius has more than 17 years of experience.
”This year raised the Bank many new challenges. Today, our fundamental goal is to strengthen the grown bank's position in the market. I am glad that Vytautas Sinius, having many years of practical experience in the field of finance, now will lead the largest bank of Lithuanian capital, will continue the works in progress and implement new ideas. Vytautas is a strong leader having the necessary managerial skills, in his work is distinguished by excellence, professionalism and strategic thinking,” Bank Board Chairman Algirdas Butkus said. “We believe that Vytautas, through his skills, experience and drive will consistently continue the major strategic changes launched, lead professionally the team of the bank even stronger orientating bank’s performance towards the customer needs and competitive services.”

”I am grateful for the confidence shown by the Bank's Board and responsibly accept this significant challenge. Rapidly growing Šiauliai Bank offers new and inspiring opportunities to create even more value to the bank's clients, investors and employees. What is important is what has been done, but more importantly it is to continue the started works and to realize new ones, even more strengthening the Bank’s market position. I believe that my knowledge and experience will let making the best decisions for the bank continued to be a profitable, efficient and dynamic company”, Vytautas Sinius said.

Vytautas Sinius will replace the current Siauliai Bank administration manager Audrius Žiugžda who is still working till 31 January 2014.