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.
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
Brynjar Thor Hreinsson
Board member
Brynjar serves on the Board of Directors at Fossar Investment Bank.
Brynjar has extensive work experience in the financial industry in both Iceland and abroad since 2005. Currently he is the CFO of VIS Group, Fossar Investment Bank’s parent company. Prior to his current role he was the Chief Investment Officer at Stapi Pension Fund in Iceland for six years. He has also worked at Islensk verdbref (Icelandic Securities) as Head of Alternative Assets, at Straumur Investment Bank as Head of Asset Management and at ALMC (previously Straumur-Burdaras Investment Bank) in both Reykjavik and London as Managing Director of Portfolio Management and Restructuring.
Brynjar holds a MBA in Business Administration from the University of Reykjavik and is a certified securities broker.
Kolbeinn Arinbjarnarson
Board member
Kolbeinn Arinbjarnarson serves on the Board of Directors at Fossar Investment Bank.
Mr. 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.
Lilja Dora Halldorsdottir
Board member
Lilja Dora Halldorsdottir serves on the Board of Directors of Fossar Investment Bank.
Lilja Dora was the CEO of the credit institution Lykill Finance hf. from 2011, seeing it through extensive restructuring, rebranding and finally a sale to new owners in 2020. Before joining Lykill she was a full time lecturer at Reykjavik University, mainly focusing on leadership and general management, and working as a lecturer and management consultant for the Open University in Reykjavik. Prior to that she was a national expert at EFTA Surveillance Authority in Brussels and Chief Counselor at the Shell oil company in Iceland. Notable board services are for example Klakki ehf. and Samskip hf. Lilja was the author of a book on formal rules, rights and obligations when establishing a company, published by Reykjavik University et al.
Lilja graduated as a lawyer from the University of Iceland (MA/BA) and qualified as a District court attorney in 1996. She is MBA from Vlerick Leuven Gent Management School and has a degree in management from Leuven University in Belgium.
Alternate Board members and Committees
Gudny Helga Herbertsdottir
Alternate Board member
Gudny Helga is an Alternate Board member at Fossar Investment Bank.
Gudny Helga is the CEO of VIS. She was the Chief Marketing Officer of VIS from 2016 until becoming Managing Director of Digital Development in September 2017 and Chief Customer Officer (CCO) in 2022.
She holds a BSc degree in Business Administration from the University of Iceland and a Master’s Degree from the Aarhus School of Business.
Gunnar Egilsson
Alternate Board member
Gunnar Egilsson is an alternate member of the Board of Directors of Fossar Investment Bank.
Gunnar is a Partner at Nordik Legal Services where he specializes in tax law, corporate law and securities law. Prior to joining Nordik Gunnar was a manager at the Tax and Legal department of Deloitte Reykjavík, providing legal services to companies of all sizes, primarily in the fields of corporate and tax law. Gunnar has also lectured at the legal and business department of the University of Reykjavik
Gunnar Egilsson has a B.A. and M.A. in Law from Reykjavik University.
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 Haraldur Thordarson.