We are a diverse group of leaders, united by a single goal
About the board
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.
Board of Directors
Board of Directors
Tomas Åberg
Tomas Åberg joined Northmill’s Board in 2022 and is a seasoned business professional with extensive experience in banking and the financial industry . He holds a Master of Sciences in Finance and Business Administration from Hanken School of Economics in Helsinki. Throughout his career, Tomas has held significant roles including Country Manager at Northmill Bank Finland, where he significantly grew the loan book and improved risk assessment processes. He has also served as Country Director at Resurs Bank Finland and Ikano Bank Finland and CEO for Ikano Rahoitus Oy, achieving notable growth in receivables and profitability for these entities. Additionally, Tomas has held leadership positions at SEB Card Finland and Diners Club Finland Oy. His expertise spans board work, strategic leadership, IPO’s and M&A’s.
Number of assignments: 2
Margareta Lindahl Gelin
Margareta Lindahl Gelin has been on the Board since 2018 and has extensive experience in banking, finance, and risk management. She studied Agricultural Economics at the Swedish University of Agricultural Sciences and has completed additional executive programs at Novare Leadership Academy. Currently, she holds the position of Nordics Chief Risk Officer at Lowell. Her previous roles include Chief of Commercial Banking at Landshypotek Bank, Head of Risk Management Services at Transcendent Group, and various positions at the Swedish Financial Supervisory Authority. She has been a senior advisor and consultant to the Nordic financial sector, acting as a board advisor, CRO, and project lead, including for carve-outs and strategic commercial programs.
Number of assignments: 3
Hikmet Ego
Hikmet Ego has been on the Board since 2021 and is an experienced professional in the finance and IT sectors. He holds a Master's degree in Industrial Economics from the Royal Institute of Technology and has undergone board training in risk and governance. Hikmet co-founded Northmill Bank in 2007 and served as its CEO until 2021, focusing on technology development and organizational growth. He then transitioned to an operational role, contributing his expertise in strategic IT issues. Prior to Northmill, he worked at CSG International as a project manager and at IFS as an application consultant and system developer.
Number of assignments: 2
Simon Lindfors
Simon Lindfors joined Northmill’s Board in 2022. Simon has a long experience within private equity and is currently working as senior advisor to Triton Partners. Previously he has worked for Rothschild & Co’s private equity arm Five Arrows, Advent International and Apax Partners. Simon primarily focuses on investments in the business and financial services sectors, Healthcare, and TMT. Simon currently serves on the boards of Bergman Clinics, Esperi Care, Takura, and Cellcolabs in addition to Northmill.
Number of assignments: 10
Louise Bagewitz
Louise Bagewitz was appointed as Board Member in 2024 and is an accomplished leader at the intersection of business and technology, currently serving as Managing Director at Academic Work. She holds a Master of Science in Business Administration from Stockholm School of Economics and has received Certificate of Management Excellence from Harvard Business School. Louise has a diverse professional background, having held CEO, COO, CIO, and IT Director roles in various industries, including fintech, manufacturing, retail and edtech. Her expertise spans strategy, business planning, M&A, and leadership in software companies. She has successfully led organizations through significant growth and efficiency initiatives, demonstrating strong skills in creating structured, efficient operations.
Number of assignments: 3
Fredrik Wedin
Fredrik Wedin was appointed as Board Member in 2024 and is an experienced finance professional with a diverse background in corporate finance and credit management. He began his career at Svea Ekonomi AB (Svea Bank AB) from 1990 to 1999, progressing from a credit officer to the head of services like invoice purchasing and credit management. Fredrik then served as CEO of AK Finans, a subsidiary of Aktiv Kapital ASA, managing corporate financing and portfolio purchases. He co-founded and led Avidi Ekonomi AB before it was sold to Svea Ekonomi. Subsequently, he co-founded and held the CEO role at Avida Finans AB from 2008 to 2016, which provided various financial services across the Nordic region. Currently, he is the CEO of Accessa Finans AB. Fredrik holds a secondary education in economics.
Number of assignments: 3
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:
- Margareta Lindahl Gelin, Chairperson of the Committee and Independent Member of the Board
- Tomas Åberg, Independent Member of the Board
- Hikmet Ego, Member of the Board
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 Tomas Åberg, Chairman of the Board.
Northmill's CEO
Northmill's CEO is Julie Chatterjee.
Julie Chatterjee holds a Master of Engineering from the Royal Institute of Technology. She has undertaken numerous professional courses in leadership, risk management and finance from institutions like Deloitte and Ashridge. Fluent in multiple languages, Julie has significant experience in fintech and banking and served as Deputy CEO and CCO at Multitude Bank and as tribe CEO, SweepBank. She previously held the CEO position at OK-Q8 Bank AB, enhancing profitability and launching new financial services. Julie held a position in Group Executive Management at both Multitude and OKQ8. Julie's career spans roles in business development, concept development, geographical expansion and strategic project leadership across Europe, showcasing her expertise in driving business growth and customer engagement.
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.
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.
Operational Risk & Compliance Committee (ORCM)
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 2022, the audit firm PwC was re-elected as auditor for the period that lasts until the end of the annual general meeting held in 2023. 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: 2024-01-17