Former Kaupthing CEO Heads for Luxembourg Skip to content

Former Kaupthing CEO Heads for Luxembourg

By Iceland Review

Hreidar Már Sigurdsson, the former CEO of Kaupthing, one of the banks that was nationalized last fall, is moving to Luxembourg with his family in the near future where he will open a branch of his consultancy company, called Consolium.

The headquarters of Kaupthing in Reykjavík. Copyright: Icelandic Photo Agency.

Sigurdsson founded the company last fall with some of his colleagues from Kaupthing. Consolium provides consultancy to financial institutions and companies, Fréttabladid reports.

According to Sigurdsson, Consolium has more foreign than Icelandic clients. He said business is good and that he is satisfied with the trust clients have shown in his company.

Consolium currently employees five people and their number is expected to increase in the near future. “We have moderate expectations for the growth of the company,” Sigurdsson said.

Sigurdsson’s move is not connected to the opening of the bank Banque Havialland, which was founded when Kaupthing in Luxembourg was sold to the Rowland family recently.

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