Wade Stokes joins Luminor Group as the Strategic Business Advisor
Wade Stokes, former Head of Operations in international money transfer company TransferWise, starting from May 16, joins Luminor Group as the Strategic Business Advisor. He will support Luminor’s CEO and executive team with a strategic agenda, including contribution to the fields of products and offerings and finance and risk to deliver the set targets.
“I am very pleased that Wade has decided to join us. Wade will bring with him his strong quantitative and program management capabilities. He has a truly rich and relevant track record, with the last three years at TransferWise, which will help Luminor in its transformation and modernization,” said Luminor Group CEO Erkki Raasuke. “Luminor´s ambition is to become new generation bank and financial services provider for financially active people with an entrepreneurial mind-set as well as local companies, therefore Wades previous experience in fintech company, as well as in banking, will be an extra value to us.”
Before TransferWise, Wade spent three years as CFO of the Estonian national airline Estonian Air and eight years in the Swedbank Group in a number of roles, including CFO of the Estonian bank Hansapank and Senior Analyst in Swedbank’s Group Finance department. As Head of Operations of TransferWise, his team was responsible for moving and protecting the customer's money. During his time spent at TransferWise, he helped TransferWise grow from 300 employees to over 1,000, and expand one small team from Tallinn to an international one on three continents.
“I am joining Luminor to work on a number of different projects for the CEO and the leadership team. Given where Luminor is with the post-merger and the transformation activities, there will be the need for additional firepower, and I am looking forward to bringing as much of my past experiences into play to help make the transformation as fast and as beneficial as possible for our customers,” commented Wade Stokes, the newly appointed Strategic Business Advisor of Luminor Group. According to Wade, companies usually choose either to execute a merger or to create something entirely new. Luminor has taken the challenge to do both at the same time, and his priority will be to ensure that while managing the complexity of post-merger integration and creating a new digital platform, the focus will be on both.
Relevant professional experience of Wade Stokes:
2015-2018 Head of Operations, TransferWise
2011-2015 Chief Financial Officer, Estonian Air
2010-2011 Senior Analyst, Swedbank
2009-2010 Head of Credit Risk Reporting and Analysis, Swedbank
2008-2008 Head of Change Management Office, Swedbank Baltics