September Sees Change in Luminor Management | Luminor

From 2 September, Ilja Sovetov will take over the position of Luminor’s Head of Technology Division from Peter Lunding, who is moving back to Denmark.

Luminor CEO Erkki Raasuke expressed his gratitude to Peter Lunding for the crucial role he has played in the creation of Luminor. “I am very thankful to Peter and his team for their work while orchestrating one of the most complex business mergers the Baltic countries have witnessed,” Raasuke said.
He added that Luminor has now entered the second phase of transformation, which involves a complete merger of IT systems and building new and independent ones. “Ilja has proven himself as a strong leader, competent in the field of technology and experienced in complex transformations. I am glad to welcome him on our team,” said the CEO.

Ilja Sovetov said that he was looking forward to joining Luminor and emphasised that his goal was to ensure high quality services to Luminor’s clients. “I believe in the future growth of Luminor, the largest truly Baltic bank, and I am passionate about change. The complexity and uncertainty of the change gives the opportunity for all of us to develop and achieve something new and innovative,” Sovetov said.
Ilja Sovetov has more than 20 years of successful global IT leadership experience in 10 different countries, including providing services to a global bank and other financial institutions. He is coming to Luminor from a global IT services and consulting company T-Systems, where he acted as a Vice President of Account Management. He has held various positions in HP, acting as the General Manager of Scandinavia Enterprise Services in the end. He has also been a Vice President of Client Management and Service Integration in KMD. He has an M.Sc. degree in Computer Science from Vilnius University and has also studied at Stanford University under Innovation & Entrepreneurship Program.
Ilja Sovetov has also been elected a member of Luminor Management Board.
Peter Lunding will stay with Luminor until the end of the year to help with the completion of IT systems consolidation.