The Board of Directors has five members. Board members elected by the shareholders are elected for two years at a time by the Annual General Meeting. The Board has established two working committees: The Remuneration Committee and the Audit Committee.
Chair of the Board
Chair of the Board since May 2025.
Founder and owner of Saga Management AS. Grøterud brings extensive experience from the financial services industry and has held several leadership roles, including CEO of SpareBank 1 Gruppen and Samvirke-Gruppen. He also served as CEO of Forenede Norge Forsikring, a subsidiary of Forenede Forsikring Gruppen. In addition, he was a co-founder of Bank2 ASA and B2Holding ASA.
Grøterud has chaired and served on numerous boards in Norway and internationally, including First Securities ASA, Odin Forvaltning AS, EnterCard AS, and Folksam International.
He holds an MBA (Siviløkonom) from Arizona State University and a degree in business administration from the Norwegian School of Marketing (Handelsakademiet).
Board member - Independent
Board member since May 2018.
Leader of the Audit Committee.
Management consultant, Board Professional and Investor.
Professional experience in private equity and M&A consulting. Partner and CFO in Herkules Capital for 12 years.
Chair of the Board of Zalaris ASA and member of the board of, among others, ABG Sundal Collier ASA, Argentum Asset Management AS, Bane Nor SF and Hitec Vision AS.
Cand. jur degree from the University of Oslo, Master of Accounting from NHH Norwegian School of Economics.
Board member - Independent
Board member since December 2023.
25 years of investing and operating experience in financial services from both the private and public sectors, currently as CFO of Bankaktiebolaget Nordiska (publ.).
Previously CEO of DDM Holding AG and founder of Sileo Kapital AB which was later acquired by B2 Impact ASA and various roles with Aktiv Kapital ASA (PRA Group), Öhman (Pareto Securities) and Hoist Finance AB.
M.Sc. International Economics and Business from the Stockholm School of Economics.
Board member - Independent
Board member since December 2023
Founder of SkyBlue Capital AS. Chair of the board of Kristian Gerhard Jebsen Group Ltd. Member of the board of, among others, MPC Container ASA, Stokke Industri AS and Capsol Technologies.
Professional experience from investment banking and private equity as a finance and business development executive in corporations such as Credo Partners, Frigaard Invest, Goldman Sachs Investment Banking Division in London and New York, Citibank in Brussels and the Brussels Stock Exchange.
BSBA from Boston University, US and an MBA from Solvay University, Belgium in addition to executive training from INSEAD, France and Harvard Business School, US.
Board member
Board member since August 2026
Non-executive director and former chief executive with extensive experience in financial services, capital allocation, risk oversight and corporate governance. As CEO and Board Member of Finisterre Capital, he led the firm through significant growth and oversaw its integration into a publicly listed global financial group. Earlier in his career, he held senior leadership positions at Salomon Brothers and Citigroup in London.
He has chaired and served on the boards of commercial, charitable and cultural organisations and brings expertise in governance, leadership succession and remuneration, alongside deep experience in credit, restructuring and risk management.
Rafaël is a French-British national based in London. He holds degrees from Harvard Kennedy School and ESCP Business School
