Today, we want to introduce a new Hive Finance Group team member - Aleksejus Tonkich, our new Chief Financial Officer (CFO) and our newly appointed governance member. He strengthens our company with over 25 years of financial and banking experience, including significant expertise gained at the Bank of Lithuania – the country’s central bank and financial markets regulator. Thus, Aleksejus is a well-recognised figure in the Lithuanian financial sector. His career goes step by step with Hive Finance's values and future vision.
A Proven Track Record in Finance and Governance
As we've mentioned before, we're currently upgrading and strengthening the governance structure at Hive Finance. Aleksejus is joining as a key part of this transformation. Currently, our governance team includes Andrius Rupšys, Aurimas Kačinskas, and Aleksejus Tonkich. The CFO will ensure profitability, timely financial reporting for investors, and long-term financial sustainability. He will also oversee day-to-day financial performance. Meanwhile, the board will take care of strategic expansion into new markets and manage key business risks.
Aleksejus started his career at the Bank of Lithuania, where he worked from 1997 to 2008. Beginning as an economist in the Accounting Department, he quickly progressed to Deputy Head of the Accounting and Financial Reporting Division. His main responsibilities were developing the Bank's accounting policy, planning and analysing budgets, preparing annual financial statements, and liaising with external auditors.
Notably, one of his significant achievements was successfully transforming the central bank's accounting and reporting systems to go side by side with the European System of Central Banks. During this time, he also completed a four-month internship at the European Central Bank, accordingly gaining valuable international insights.
In 2008, Aleksejus joined Medicinos Bankas, where he served for 15 years. He led the Accounting and Reporting Department and was later appointed Deputy CEO and CFO. His responsibilities included full financial oversight, crisis management during the 2009 global recession, strategic planning for euro adoption in Lithuania and collaboration with investors during a 2018 bond issuance. He also played a key role in shaping the transformation strategy of Medicinos Bankas into what is now Urbo Bankas.
Aleksejus' Vision for Hive Finance
Aleksejus joins Hive Finance with a clear strategic vision. He plans to bring long-term commercial banking expertise into the business. The new CFO will focus on deep process analysis and accurate risk representation in financial reporting. His goal is to contribute significantly to strategic planning at the group level.
"My vision is sustainable and ambitious growth for the Hive Finance Group, making the most of market opportunities while maintaining financial clarity and responsibility," says Aleksejus.
A Confident Step Forward
With Aleksejus' support, we are confident that Hive Finance Group will be ready to face any challenges and grow responsibly across Europe. His knowledge of public and private sector finance, analytical approach, and proven leadership make him one of the main leaders of Hive Finance's next chapter.
We’re glad to have Aleksejus on board and appreciate that he is sharing his long-standing experience with our team. We believe in a successful collaboration and look forward to achieving great results together
