Hreiðar Már Sigurðsson
Encyclopedia
Hreiðar Már Sigurðsson (born November 19, 1970) is an Iceland
ic 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 (later to become Kaupthing Bank
after uniting with Búnaðarbanki Íslands).
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.
Iceland
Iceland , described as the Republic of Iceland, is a Nordic and European island country in the North Atlantic Ocean, on the Mid-Atlantic Ridge. Iceland also refers to the main island of the country, which contains almost all the population and almost all the land area. The country has a population...
ic business manager working in international finance, and from 2003 to 2008, was the CEO of Kaupthing Bank
Kaupthing Bank
Kaupthing Bank was an international Icelandic bank, headquartered in Reykjavík, Iceland. It was formed by the merger of Kaupthing and Búnaðarbanki Íslands in 2003 and was the largest bank in Iceland....
.
He graduated from the University of Iceland
University of Iceland
The University of Iceland is a public research university in Reykjavík, Iceland, and the country's oldest and largest institution of higher education. Founded in 1911, it has grown steadily from a small civil servants' school to a modern comprehensive university, providing instruction for about...
in 1994 with a degree in business administration. Later the same year he joined the Asset Management Division of Kaupthing (later to become Kaupthing Bank
Kaupthing Bank
Kaupthing Bank was an international Icelandic bank, headquartered in Reykjavík, Iceland. It was formed by the merger of Kaupthing and Búnaðarbanki Íslands in 2003 and was the largest bank in Iceland....
after uniting with Búnaðarbanki Íslands).
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
Kaupthing Bank
Kaupthing Bank was an international Icelandic bank, headquartered in Reykjavík, Iceland. It was formed by the merger of Kaupthing and Búnaðarbanki Íslands in 2003 and was the largest bank in Iceland....
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
Market manipulation
Market manipulation describes a deliberate attempt to interfere with the free and fair operation of the market and create artificial, false or misleading appearances with respect to the price of, or market for, a security, commodity or currency...
. On May 8, 2010 Hreiðar Már was placed in solitary custody for 12 days by a Reykjavik court.