TrustBuddy management changes

STOCKHOLM, Sweden, Sept. 25, 2014 (GLOBE NEWSWIRE) -- Simon Nathanson has accepted to run as the new Chairman of the Board, in the election at the EGM in November. Simon has over twenty years' experience within the Swedish financial services industry and is currently a senior partner in Wishmaker Innovation and having formerly been the CEO of Neonet Securities and EVP of OM Stockholm Stock Exchange. Simon is also a former board member at Burgundy AB (a multilateral trading facility owned by the Oslo Stock Exchange).

"I have accepted the nomination for the position as Chairman of TrustBuddy. TrustBuddy is a very exciting company, with a great potential. Jens and his team have built something totally new, and the goal for me is to take the company to the next level," says Nathanson.

Current Chairman Eivind Joerundland will continue as board member.

"I have been the Chairman of TrustBuddy since the founding start in 2009. As we enter the next phase it is natural to hand over to a Chairman with solid experience and complementing expertise," says Joerundland.

In addition to enhancing the board, from the start of 2015, Jens Glasoe, current CEO and founder, will become "Head of Product Strategy and Development" and be responsible for product development, new markets and concept developments.

TrustBuddy will announce a new CEO in due course, with Mr. Glasoe continuing as CEO until at least 1 January 2015.

In the words of Mr. Glasoe "Since conceiving the idea of a P2P company back in 2009 I have been involved in every part of every project have undertaken. As the company matures, in order to drive the TrustBuddy forward, I have decided to focus on my primary competencies within product innovation and market development".:

In addition to Simon Nathanson, in order to further strengthen the firm's leadership panel, the following will also be candidates for board membership at the November EGM:

Tove Mette Dramstad (1965): MBA with experience as General Manager and CEO of Jernbarnepersonalets Sparebank, currently General Manager of TEOE Property AS.

Torsten Ortengren (1963): Masters and MBA from the Stockholm School of Economics. Partner at Arkios AB and Chairman of PR Vard Holding. Former Chairman of Jobzone Sweden AB and Head of Listing and surveillance in the NASDAQ OMX Stockholm Exchange.

Eivind Joerundland (1960): MBA with authorization as stockbroker. Chairman of TrustBuddy since the start in 2009 and Managing Director Moementum. Former CEO of Optimum ASA.

For more information please contact:

Jens Glasoe, CEO, TrustBuddy International AB (publ)

+47 40 40 47 50,

About TrustBuddy International AB (publ)
TrustBuddy International AB (publ) is one of the first in the world to focus on arranging loans and capital provision between buddies in Scandinavia in an organised manner. The company is listed at NASDAQ OMX First North in Stockholm. Erik Penser Bankaktiebolag is TrustBuddy International AB (publ)'s Certified Adviser, phone number: +46 8 463 80 00.

Source:TrustBuddy International AB