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The shareholders of Lewben Investment Management have changed

NordgainNordgain News The shareholders of Lewben Investment Management have changed

The shareholders of Lewben Investment Management have changed

Members of the board of the fund management company Lewben Investment Management (LIM) Audrius Žiugžda and Rytis Davidovičius have purchased 100% of the company’s shares for an undisclosed amount from businesswoman Rita Kavaliauskienė. The Bank of Lithuania’s Supervision Service has already approved the change of shareholders. Prior to that, the Commission for Coordination of Protection of Objects of Importance to Ensuring National Security determined that the new LIM investors meet national security criteria.

Audrius Žiugžda will hold 67% and Rytis Davidovičius 33% of the shares of LIM.

“With this transaction we have completed another stage of change at the fund management company. It is very important in establishing a platform for the organization’s growth – active involvement of the shareholders in everyday operations will help to optimise resources and undertake new initiatives. In other words, we are planning active expansion of LIM,” said Žiugžda, who is the chairman of the board at LIM.

A banker with more than 20 years of top management experience, Žiugžda is a former CEO of SEB Bankas and Šiaulių Bankas and one of the creators of the peer-to-peer lending platform Savy.lt. He also works with several educational and charity organizations, and is an alumnus of Vytautas Magnus University.

Rytis Davidovičius is a well-known investment professional with more than 15 years of experience in international business and the management of investments. From 2011 to 2015, he was the CEO of Orion Asset Management. Since 2013, he has been the head of the Lithuanian Rugby Federation. A graduate of Vytautas Magnus University, Davidovičius has also attended executive education modules at INSEAD, Wharton School and ISM.

Lewben Investment Management currently has assets under management of EUR 140 million.