Management Team

Marinó Örn Tryggvason


Marinó Örn Tryggvason joined Kvika as Deputy CEO in August 2017 and became CEO in May 2019. Prior to joining Kvika, Marinó worked at Arion banki from 2002. Marinó served as Vice Managing Direrctor of Asset Management at Arion banki from 2014 until 2017 and as Head of Asset Management of professional clients from 2007 until 2014. Marinó sat on the Board of Vörður Tryggingar in 2016 to 2017. Marinó holds a B.Sc. business degree from the University of Iceland and is a certified securities broker.

Ármann Thorvaldsson

Deputy CEO

Armann Thorvaldsson joined Kvika as CEO in June 2017 and became Deputy CEO in May 2019. Mr. Thorvaldsson has worked in the financial markets for over twenty years. From 1997 until 2005 he was Head of Corporate Finance at Kaupthing and in 2005 until 2008 he was CEO of Kaupthing Singer & Friedlander in London. Later Mr. Thorvaldsson worked at Ortus Secured Finance in London until 2015 when he joined Virding. Mr. Thorvaldsson headed up Virding´s Corporate Finance division before joining Kvika. Mr. Thorvaldsson has an MBA degree from Boston University and a BA degree in history from the University of Iceland.

Magnús Ingi Einarsson

Managing Director, Banking and Finance & Operations

Magnús Ingi Einarsson has over ten years' experience in the financial markets. He joined Risk Management at Kvika (then Straumur-Burdaras) in 2006 and headed the Bank's credit risk from 2009. Mr. Einarsson was Head of Risk Management and later Head of Treasury at Straumur Investment Bank from the bank's establishment until the end of 2014. Since that time, he has served as Managing Director of Finance and Operations. He holds a B.Sc. degree in Mechanical Engineering from the University of Iceland and an M.Sc. degree in Mechanical Engineering from Virginia Polytechnic and State University. 

Lilja Jensen

General Counsel

Lilja Jensen has worked for Kvika and its predecessor since 2012 and as General Counsel since 2015. Prior to that, Lilja worked for LOGOS legal services, intermittently from 2008 to 2012 along with law studies and following graduation. Prior to legal work, Lilja worked as a nurse at the National University Hospital of Iceland and Eir nursing home. Lilja holds a BSc degree in nursing from the University of Iceland, BA and ML degree in law from Reykjavik University and is licensed to plead cases before the district courts of Iceland.

Bjarni Eyvinds

Managing Director, Capital Markets

Bjarni Eyvinds has worked in the financial markets for over 15 years. Mr. Eyvinds joined Kvika in 2009 and took over as Managing Director of Capital Markets in 2010. Prior to joining Kvika, Mr. Eyvinds served as Senior Vice president of Equity of sales in Straumur Investment Bank. Previously, he worked for MP Investment Bank administrating the division of Capital Markets and Proprietary Trading. After graduation, Mr. Eyvinds began working for Spron, where he worked in asset management and later his own business. Mr. Eyvinds holds a BBA degree from George Washington University and has completed a degree in securities brokerage.

Hannes Frímann Hrólfsson

Managing Director, Asset Management

Hannes Frímann Hrólfsson has over twenty years experience in the financial markets. He joined Kvika as Managing Director of Asset Management in October 2017 through the acquisition of Virðing hf. where Hannes was the CEO. Virðing hf. and Auður Capital merged in 2014 and at that time Hannes was the CEO of Auður Capital. Previously Hannes served as Managing Director and co-founder at Tindar verðbréf. He has worked at Arion banki and Kaupþing as Vice Managing Director of Treasury and Capital Markets. Hannes is a certified securities broker and holds a Cand. Oecon business degree from the University of Iceland and ACI Dealing Certificate in Foreign Exchange and Derivatives.

Baldur Stefánsson

Managing Director, Corporate Finance

Baldur Stefánsson joined Kvika in September 2017. He has over 20 years of experience in private equity and investment banking both in Iceland and internationally. Baldur joined Kvika through the acquisition of the Scandinavian investment bank Beringer Finance´s Icelandic operations where Baldur was the Managing Director. Before joining Beringer Finance Baldur was Managing Partner and co-founder at the financial service firm Arctica Finance for eight years and prior to that Senior Director at Landsbanki´s International Investment Banking arm for five years. Baldur has led many complex cross border and local Corporate Finance, ECM and DCM transactions in various sectors. Baldur studied economics and political science at the University of Iceland between 1992 and 1994 and graduated with a MBA degree from IESE in Barcelona in 2004.