The Board and Management

"We are a diverse group of leaders that are united by a single goal: to give people the tools to make better financial decisions." – Margareta Lindahl, Chairwoman of the Board

Board of Directors


Margareta Lindahl Gelin, Chairwoman

Margareta has been the Chairman of the Board since 2018. She has extensive experience in finance with an emphasis on risk management. Prior positions include Head of Corporate Banking at Landshypotek Bank, Head of Risk Management at Transcendent Group and Risk Analyst at the Swedish Financial Supervisory Authority. Margareta has a diploma in Agricultural Economics from the Swedish University of Agricultural Sciences.
The number of other assignments: 4

People Per

Per Granath, Board member

Per joined Northmill's Board of Directors in 2018. He has extensive business leadership experience, including as CEO at Humana from 2006 to 2016. He also has ten years of experience from the capital market in positions including Vice President for Handelsbanken’s Corporate Finance Department. Per has board experience from several listed companies. He holds an MSc in Chemical Engineering from the Royal Institute of Technology and has studied both economics and law at the School of Business, Economy and Law at the University of Gothenburg and at Stockholm University. In addition, he has an executive education from Harvard Business School.
The number of other assignments: 10

People Erik Fagerland

Erik Fagerland, Board member

Erik joined Northmill’s Board of Directors in 2017. He has over 30 years of experience in the financial industry with a specialization in compliance and control at companies including Bluestep Finans and Hoist Kredit. Erik holds an MSc in Civil Engineering from Chalmers University of Technology and an MSc in Accounting and Finance from Gothenburg University.
The number of other assignments: 9

People Karl

Karl Källberg, Board member

Karl joined Northmill’s Board of Directors in 2018. He has over 20 years of experience from the financial industry from roles including Head of Model and Product Development at UC and Risk Manager at SEB. Karl holds a BSc in Statistics & Economics from Stockholm University.
The number of other assignments: 0

H (Kopia)

Hikmet Ego, Board member

Hikmet Ego is a co-founder of Northmill Bank. He held several different roles within Northmill Bank since the start in 2006, among those being Chief Executive Officer between 2009 and September 2021. He is currently Chief Information Officer. Hikmet holds and MSc in Industrial Economics and Management from the Royal Institute of Technology.
The number of other assignments: 0


Sofia Wingren, Board member

Sofia joined Northmill’s Board of Directors in 2021. She has extensive international experience from growth companies in a wide range of industries. Among those MTG, and also twelve years at international education company EF Education First, serving as President for a number of global business areas out of their Swiss headquarters. Sofia has also held the role of Group CEO at Hyper Island, a leading international education company within digital. Sofia has a Master of Science in Business and Administration from Stockholm School of Economics. 
The number of other assignments: 3


Daniel Roxö, Board member

Daniel has extensive experience from working with both business development and risk in Sweden, as well as in the Nordic and Baltic regions, and he has held several leading roles within the banking and finance sector. He has previously been the Chief Risk Officer at Northmill Bank. Daniel holds an MSc in Financial economics from Gothenburg School of Economics.
The number of other assignments: 1

The board of director at Northmill Bank AB has adopted a policy for assessment of suitability of board members and key function holders (the members of Executive Management team and responsible persons for the control functions) at Northmill. The policy also includes internal guidelines on the diversity and training of board members in order to ensure that Northmill's board collectively, board members and CEO meet applicable requirements for knowledge, skills, experience and suitability.

The Chairperson of the Board is responsible for conducting the suitability assessment of all board members and the CEO, while the CEO is responsible for assessment of all key function holders. The suitability assessment process takes into account, among other things, criteria of good reputation, education, experiences, potential conflicts of interest and sufficient time to perform his or her functions and responsibilities.

Risk and audit committee

The board has appointed a risk and audit committee. The main task of the risk and audit committee is to monitor the company's financial reporting and ensure that the adopted principles for financial reporting, internal control, internal audit and risk assessment are complied with and applicable.

The risk and audit committee also has the task of supporting the nomination committee with proposals for the election of external auditors and auditors' fees. Northmill's risk and audit committee shall consist of at least two members of the board.

Risk and audit committee consists of the following members:

Erik Fagerland, Independent Member of the Board
Karl Källberg, Independent Member of the Board
Margareta Lindahl Gelin, Independent Member of the Board
Daniel Roxö, Member of the Board

Read more about risk management

Specially appointed member regarding remuneration

The board of directors has appointed a member of the board to prepare matters for decisions in the board relating to remuneration principles, salaries and other remuneration to the CEO, the persons in charge of control functions and other members of management, and to follow up and evaluate the goals and principles for variable remuneration and long-term incentive programs.

The specially appointed member is Margareta Lindahl Gelin, Chairwoman of the Board.

Read more about remuneration

Northmill's CEO

Northmill's CEO is Tord Topsholm.

Tord has extensive experience of leading positions in the banking and technology sector, in Sweden as well as internationally.

Among other things, he has been Head of Product and Marketing at the Telecom giant BT, Chief Operating Officer at Entercard and CEO at Catella Bank.

Most recently, Tord was the CEO of Avida Finans and, under his leadership, it grew and scaled up in several countries. 


Executive Management

Northmill's CEO is responsible for the day-to-day management of the company's affairs in accordance with external and internal rules. The CEO reports to the board and submits a special CEO report to the board at each board meeting. The report, among other things, deals with the development of the business based on the decisions made by the board.

The board has established an instruction for the CEO's work and role as well as the division of responsibilities and the interaction between the CEO and the board. The CEO appoints the members of the management group (chief executive officers, "CXOs") and the managers of the control functions. 

The CEO works together with the CXOs at Northmill's Executive Management team. The management discusses issues of common interest to several departments as well as strategic issues, risk management, business plans, financial forecasts and reports.

Northmill's Executive Management team consists of the following people:

  • Tord Topsholm, Chief Executive Officer
  • Hikmet Ego, Chief Information Officer
  • George Kurt, Chief Strategy Officer
  • Sargon Kurt, Chief Product and Technology Officer
  • Tobias Ritzén, Chief Financial Officer
  • Simon Nilsson, Chief Commercial Officer
  • Niclas Carlsson, Group Legal Counsel

Management committees

In addition to the management team, the CEO has three different committees at his disposal to manage the operational activities:

Credit committee

The credit committee is responsible for reviewing credit risk results, trends and decisions regarding Northmill's accumulation of credit risk.

Internal capital and liquidity adequacy assessment process committee (ICLAAP)

The internal capital and liquidity adequacy assessment process committee (ICLAAP) is responsible for assessing and deciding within the internal evaluation process for capital and liquidity.

Information security risk management committee (ISRM)
The information security risk management committee shall primarily support the CEO in the management of information security, but also the overall management of operational risk.

External auditor

Northmill Bank’s external auditor is PwC. PwC conducts the audit in Northmill Group AB (publ).

According to the articles of association, Northmill must have at least one and at most two auditors whose term of office runs until the end of the annual general meeting held after the year in which the auditor was appointed. At the annual general meeting 2020, the audit firm PwC was re-elected as auditor for the period that lasts until the end of the annual general meeting held in 2021. The authorized public accountant is Daniel Algotsson.

The annual audit comprises a statutory audit of the annual report, statutory audit of the parent company and all significant subsidiaries, auditing of internal report packages, auditing of the financial statements and a review of an interim report. Internal controls are used as part of the work. Auditing of the annual accounts are done during the period from January to February.

Page last updated: 2022-03-03

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