Board and Governance


Board of Directors

Haraldur Thordarson

Chairman of the Board

Haraldur Thordarson is the Chairman of the Board of Fossar Investment Bank.

Haraldur has an extensive experience working within the financial industry and is CEO of VÍS Group, Fossar Investment Bank’s parent company. Haraldur is one of the founders of Fossar Investment Bank and served as CEO from 2015 to 2023. He was Managing Director of Capital Markets at Straumur Investment Bank from 2011 until 2015 and sat on the bank’s Management Board during the same period. Haraldur played a key role in developing the bank’s growth strategy and new business opportunities. In the years 2007 until 2010 Haraldur was the Group Treasurer of Exista hf, an Icelandic financial service group, and Head of Funding at the same company from 2006. Before that Haraldur worked within the Treasury function at Kaupthing Bank.

Haraldur holds a B.Sc. in Business Administration from Reykjavik University and a Global Executive MBA degree from IESE Business School. He is also a certified securities broker.

Marta Gudrun Blondal

Board member

Marta Gudrun serves on the Board of Directors of Fossar Investment Bank.

Marta is the EVP of Corporate Development at ORF Genetics. She has worked at ORF Genetics since 2018, and up until the end of 2022 she was also the General Counsel of BIOEFFECT. From 2014 to 2018, Marta was the Deputy Managing Director and General Counsel of the Iceland Chamber of Commerce. During the same period, she was the Secretary General of the Nordic Arbitration Centre. Prior to that, Marta worked at Juris law firm, at the Icelandic Directorate of Immigration, the Ministry of the Interior and the Court Case Review Commission. Marta is an attorney and has extensive knowledge of the legal environment of Icelandic companies as well as good corporate governance. She has been involved in the publication of the Icelandic Corporate Governance Guidelines since 2014.

Marta also serves on the Board of Directors of VÍS Group/Skagi, Fossar Investment Bank’s parent company, as well as the Icelandic fuel distribution company Olíudreifing.

Marta holds a master’s degree in law from the University of Iceland and a bachelor’s degree from the same school. She is licensed as a district court attorney.

Anna Baldursdottir

Board member

Anna Baldursdottir serves on the Board of Directors of Fossar Investment Bank.

Anna is a consultant with extensive experience from the financial industry. She has successfully led teams in the start-up culture of Icelandic banking and within an established UK commercial bank. After several years in Leveraged Finance she applied herself in Remediation reviews leading teams and providing judgement on a wide range of issues in relation to restructuring practices and the sale of interest rate derivatives to small and medium sized businesses.

Anna has a degree in Economics from the University of Iceland, a M.Sc degree in Finance from London Business School and a LEAD management degree from Stanford University

Kolbeinn Arinbjarnarson

Board member

Kolbeinn Arinbjarnarson serves on the Board of Directors at Fossar Investment Bank.

Kolbeinn Arinbjarnarson is CEO & Co-Founder of Deepair Solutions and Cirravia. He is a seasoned airline executive and business model transformer. He founded Calidris, which developed technical solutions for airlines. In 2010, Calidris was sold to Sabre Corporation in the United States. Kolbeinn worked for Sabre as a Managing Director for 4 years until he left the company to work as an independent advisor and investor.

Kolbeinn has a degree in Engineering from the University of Iceland and a M.Sc. degree from Stanford University.


Alternate Board members and Committees

Brynjar Thor Hreinsson

Alternate Board member

Brynjar is an Alternate Board Member of Fossar Investment Bank.

Brynjar has close to 20 years of experience in various senior positions in the financial industry in Iceland and abroad. He has, among other things, worked as investment manager for Stapi pension fund, as head of alternative investments at Íslensk verðbréf and as head of asset management at Straumur Investment Bank. He also has experience in investment banking and in the debt finance division of Straumur-Burdarás Investment Bank.

Brynjar Þór holds an MBA from Reykjavik University and a BS degree in business administration from the same school. He is a licensed securities broker.

Salome Gudmundsdottir

Alternate Board Member

Salome is an Alternate Board Member of Fossar Investment Bank.

With two active board roles, seven former board positions, a CEO and COO roles Salome has gained a significant strategic governance experience. She has extensive insights into the field of innovation and technology and the venture capital industry.

Salome was the CEO of Klak – Icelandic Startups from 2014 to 2021. She then became an advisor and a board member for Eyrir Venture Management and has subsequently held management positions for its portfolio companies. She has been a board member of the Icelandic Chamber of Commerce since 2018.

Salome is also an instructor at the Executive MBA at Reykjavik University where she teaches Executive Simulation in collaboration with IESE Business School, and oversees the Final Project run by MIT Venture Design Center. She brings years of cross boarder collaboration, funding private projects and mentoring aspiring women.

Salome holds a BSc degree in International Business Administration from Reykjavik University and an AMP executive degree from IESE Business School.

Sub-Committees of the Board and Auditing

Fossar’s Board of Directors has one sub-committee, a Risk Committee.


Risk Committee

The Fossar Risk Committee acts in an advisory and supervisory role for the Board, including in formulating the company’s risk strategy and risk appetite. The committee monitors the organisation and effectiveness of risk management and the management of liquidity risk, credit risk, market risk and operational risk. The committee operates according to the rules of procedures for the Fossar Risk Committee.

The members of the committee are:

Anna Helga Baldursdottir, Kolbeinn Arinbjarnarson and Marta Blondal.