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Martin Länts and Pavels Gilodo to become new members of the Management Board of Bigbank
02 JANUARY, 2017

On 2 January 2017 the Management Board of Bigbank will be expanded to five members. Martin Länts and Pavels Gilodo, long-term employees of Bigbank, are to become new members of the Management Board.

“The Management Board of Bigbank will become international next year,” said Kaido Saar, Chairman of the Management Board of Bigbank. “The Management Board is being expanded to boost the bank’s competitive ability across all markets, to offer better customer experience and to continue our profitable growth. The new Management Board members come from our own ranks and they have occupied key positions in the context of Bigbank’s development. On the Management Board Martin Länts will be responsible for overseeing the field of customer relations management, including sales, marketing and customer administration, while Pavels Gilodo will be in charge of product management.”

Martin Länts has been with Bigbank since August 2013 and he has over 13 years of experience in sales, marketing and customer administration in different companies. Currently Martin Länts is Head of Customer Relations in the Bigbank Group and previously he was in charge of Bigbank’s Estonian business unit. Prior to joining Bigbank he worked at Lux Express Estonia AS (2008-2012), managing the company’s international sales and marketing activities, and product research and development. From 2007-2008 he was employed by Hansapank, in charge of youth banking sector sales and the launch campaign of the overhauled online bank. Martin Länts has a master’s degree in strategic management from the University of Tartu.

Pavels Gilodo is from Latvia and he has held different positions in Bigbank since 2006. At the beginning of this year he became Bigbank’s Head of Operations. From 2013-2015 he was Bigbank’s Head for the Baltic States. From 2011-2013 he was in charge of the Latvian branch of the group. Pavels Gilodo has a master’s degree in finance from the University of Latvia and a bachelor’s degree from the Latvian University of Economics and Finance. He has also completed several professional improvement courses at the University of Kent.

The Management Board of Bigbank will also retain its current members: chairman Kaido Saar; Ingo Põder, responsible for risk management; and Sven Raba, responsible for finance and technology.

Bigbank AS ( is a specialised credit bank based on Estonian capital that has branches in Finland, Sweden, Latvia, Lithuania and Spain, and also operates as a cross-border service provider in Austria, Germany and the Netherlands. It has 439 employees, 217 of whom work in Estonia, 73 in Latvia, 71 in Lithuania, 34 in Finland, 30 in Spain and 14 in Sweden.