The Supervisory Board of Estonia's Financial Supervision Authority Finantsinspektsioon has launched a public competition to appoint the next Chair of the Management Board. The current Chair, Kilvar Kessler, will leave when his term ends on 15 January 2026 and has confirmed he will not apply. Supervisory Board Chair Jürgen Ligi described the recruitment process as reflecting a broader move toward competitive selection for senior roles rather than any dissatisfaction with Kessler’s performance, while highlighting his contribution to market stability and risk-based anti-money laundering supervision. Applications for the role are open until 4 August, and Kessler will remain in post until the end of his term.
Finantsinspektsioon 2025-06-18
Estonia's Financial Supervision Authority Finantsinspektsioon opens public competition for a new management board chair as Kilvar Kessler will not reapply
Estonia's Financial Supervision Authority, Finantsinspektsioon, has launched a public competition to appoint a new Chair of the Management Board, as current Chair Kilvar Kessler will not seek reappointment when his term ends on 15 January 2026. Supervisory Board Chair Jürgen Ligi emphasized the competitive selection process reflects a strategic shift rather than dissatisfaction with Kessler, acknowledging his contributions to market stability and anti-money laundering supervision.