Hreiðar Már Sigurðsson

Who is Hreiðar Már Sigurðsson?

Hreiðar Már Sigurðsson is an Icelandic business manager working in international finance, and from 2003 to 2008, was the CEO of Kaupthing Bank.

He graduated from the University of Iceland in 1994 with a degree in business administration. Later the same year he joined the Asset Management Division of Kaupthing.

Hreiðar Már was appointed Deputy CEO of Kaupthing in 1998. He served as Managing Director of Kaupthing New York since it was founded in March, 2000 until late 2001. He was appointed CEO of Kaupthing Bank in the beginning of 2003. Kaupthing was nationalized by the Icelandic Financial Supervisory Authority in October 2008.

On May 6, 2010 Hreiðar Már was placed under arrest, by a special prosecutor, on suspicion of falsifying documents, embezzlement, breach of trading laws, and market manipulation. On May 8, 2010 Hreiðar Már was placed in solitary custody for 12 days by a Reykjavik court.