Leadership and Structural Changes at Multitude Group

Multitude AG, a European FinTech company known for digital lending and online banking, has announced significant leadership and structural updates. Effective January 1, 2025, Mr. Antti Kumpulainen became CEO, succeeding Mr. Jorma Jokela who steps back to focus on strategic initiatives and remains on the Board of Directors. Mr. Adam Jezierski will take over as Chief Credit Risk Officer in February, following Mr. Clemens Krause's retirement.

The restructuring aims to streamline operations by transferring certain entities to Multitude Bank p.l.c., pending regulatory approval from the Malta Financial Services Authority. These changes are expected to optimize the company's subsidiary structure, reducing unnecessary entities for more efficient governance.