Multitude Appoints Jesse Kaislavuo as CapitalBox CEO, Succeeding Mantvydas Štareika

Multitude AG appointed Jesse Kaislavuo as Tribe CEO of CapitalBox, its SME Banking business unit, effective 12 November 2026, succeeding Mantvydas Štareika. GlobeNewswire said Kaislavuo currently serves as Head of Process Transformation and Automation at Multitude Group.

Kaislavuo's Mandate at CapitalBox

In the CapitalBox role, Kaislavuo will lead the next phase of development of the SME Banking business unit, with a focus on business transformation, automation, operational efficiency, profitable growth and the continued development of the customer proposition. The announcement said disciplined execution and further efficiency improvements will be paramount as CapitalBox advances on its path back to profitability. Kaislavuo will join the Group's Leadership Team.

Prior to joining Multitude, Kaislavuo held several senior roles at OP Financial Group and has experience in digital and organisational transformation. Finnish business publication Talouselämä recognised him as one of Finland's "35 under 35" business leaders.

Štareika will transition from Tribe CEO of CapitalBox to Commercial Director, Real estate, in the Wholesale Banking business unit. The announcement said he led CapitalBox through a phase of its development, expanding its lending portfolio and building its secured lending capabilities. Kaislavuo replaces him in the Group Leadership Team.

"Our focus in CapitalBox remains firmly on returning the business to sustainable profitability," said Antti Kumpulainen, CEO of Multitude. "Jesse Kaislavuo's track record in financial-services transformation, combined with his strong knowledge of CapitalBox and Multitude Group, makes him well suited to lead the business at this stage of its development."

Multitude's Scale Behind the Appointment

Multitude SE operates three business units, Consumer Banking (Ferratum), SME Banking (CapitalBox) and Wholesale Banking (Multitude Bank), according to akta.pro company records. The same records list group revenue of EUR 257 million in 2025, net profit of EUR 26.6 million in 2025, a 31.7% increase year-on-year, and total assets of EUR 1.59 billion as of Q1 2026. The records also show Wholesale Banking's loan portfolio scaled to EUR 202 million by Q3 2025, up 185% since January 2024.

Multitude Bank's AT1 Bond Placement

On 6 November 2026, Multitude Bank p.l.c. completed bookbuilding for its inaugural EUR 50 million floating-rate perpetual Additional Tier 1 bonds, issued at 100% of nominal, GlobeNewswire reported. On 26 October 2026, the bank said it was evaluating a potential issuance of Floating Rate Perpetual Additional Tier 1 Capital Bonds, with investor meetings starting that day and Pareto Securities AB and DNB Carnegie Investment Bank AB as joint bookrunners.

Multitude's 9M 2026 Results Webcast

Multitude AG scheduled its 9M 2026 results presentation webcast for 12 November 2026 at 10:00 am CET, the same date the CapitalBox leadership change takes effect, GlobeNewswire reported.