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

Salome Gudmundsdottir

Alternate Board member

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.