Corporate Governance

Board of directors

  • Jacob Jacobsson

    Jacob Jacobsson

    Born 1953 | Chairman of the Board since 2013

    Education:

    Master of Science in Computer Science and Electrical Engineering at the Royal Institute of Technology, Stockholm.

    Experience:

    Jacob is a serial entrepreneur with experience from several startups, five exits/IPOs and over 25 years of experience as CEO. He is also a Board member/chairman of several public and privately held companies.

    Other commitments:

    Director / Chairman of Seven Sensing Software, Advanced Telesensors and Cymbet, Director of Micron, Newscale and Vidatronic.

    Independent in relation to the company and its management and independent in relation to major shareholders.

    Holdings:

    180,280 shares (as of 31 December 2021).
    40,000 warrants

  • Frank Schuil

    Frank Schuil

    Born 1984 | Board Member since 2013

    Education:

    Bachelor’s degree in International Media & Entertainment Management at the University of Breda, degree in European Marketing and Management at Landstede MBO.

    Experience:

    Frank is a serial entrepreneur and keynote speaker with over 13 years of experience. Frank is adviser to Innobridge, member of the Scandanavian Cryptocurrency Director Group and advisor to the Lifeboat Foundations New Money Systems Board. Former city leader at BitAngels, advisor to ICON, senior adviser at Centigo and Nordic Ambassador at Innovate Finance.

    Other commitments:

    No commitments outside Safello Group.

    Holdings:

    4,031,260 shares via Frank Schuil BV (as of 31 December 2021). Frank Schuil owns 100% of Frank Schuil BV. 15,457 shares held directly.
    183,043 warrants

  • Johan Lorenzen

    Johan Lorenzen

    Born 1979 | Board Member since 2021

    Education:

    Bachelor’s degree in Science at Deakin University, Master of Business Administration at Monash University.

    Experience:

    Serial entrepreneur, fintech executive, angel investor and venture capitalist. Johan is the former CEO of the Finnish startup Holvi, which was acquired by the global banking group BBVA in 2016. Johan has over a decade’s experience of both founding and investing in high-growth internet companies. He joined Holvi from the venture capital firm Sunstone, now Heartcore. Prior to that, he also worked on both the technology and infrastructure sides of traditional banking.

    Other commitments:

    Currently, Johan is investing in fintech startups and is advising boards and organizations.

    Holdings:

    12,080 shares via Enduro Invest IVS (as of 31 December 2021). Johan Lorenzen owns 100% of Enduro Invest IVS.
    20,000 warrants

    Independent in relation to the company and its management and independent in relation to major shareholders.

  • Knut Pedersen

    Knut Pedersen

    Born 1968 | Board Member since 2021

    Education:

    Bachelors degree in Business Administration from The University of Michigan, Ross School of Business.

    Experience:

    Over 25 years of in-depth knowledge and expertise in the financial industry. He has previously served as President and CEO of Catella AB, a role in which he successfully developed the Swedish asset manager into a pan-European finance group within real estate and alternative investments. Prior to that, Knut was Managing Partner at ABG Sundal Collier AB and has previously worked at international investment banks in the United States, Germany and Sweden.

    Holdings:

    0 shares (as of 31 December 2021).
    20,000 warrants

    Independent in relation to the company and its management and independent in relation to major shareholders.

  • Sepehr Alavi

    Sepehr Alavi

    Born 1977 | Board Member since 2018

    Education:

    Bachelor’s degree in financial economics from Concordia University.

    Experience:

    Sepehr is General Partner at White Star Capital with extensive expertise in the crypto industry. White Star invests and manages a dedicated crypto fund, WSC Digital Asset. In addition to leading White Star’s Digital Asset fund, Sepehr provides extensive investment expertise in the sector as investors in more than 12 digital asset and blockchain companies. His crypto portfolio and traditional financial relationships are added value for Safello.

    Other commitments:

    General Partner at White Star Capital.

    Holdings:

    2,370,749 shares via White Star Capital and Residence Ventures LLC (as of 31 December 2021).

Management

  • Frank Schuil

    Frank Schuil

    Born 1984 | Chief Executive Officer | Joined in 2013

    Education:

    Bachelor’s degree in International Media & Entertainment Management at the University of Breda, degree in European Marketing and Management at Landstede MBO.

    Experience:

    Frank is a serial entrepreneur and keynote speaker with over 13 years of experience. Frank is adviser to Innobridge, member of the Scandanavian Cryptocurrency Director Group and advisor to the Lifeboat Foundations New Money Systems Board. Former city leader at BitAngels, advisor to ICON, senior adviser at Centigo and Nordic Ambassador at Innovate Finance.

    Other commitments:

    No commitments outside Safello Group.

    Holdings:

    4,031,260 shares via Frank Schuil BV (as of 31 December 2021). Frank Schuil owns 100% of Frank Schuil BV. 15,457 shares held directly.
    183,043 warrants

  • Emelie Moritz

    Emelie Moritz

    Born 1992 | Chief Operating Officer | Joined in 2022

    Education:

    Law degree from Uppsala University.

    Experience:

    Emelie has experience from Carnegie Investment Bank, Avanza Bank as business lawyer and from Fondab as COO.

    Other commitments:

    No commitments outside Safello Group.

    Holdings:

    27,453 shares (per 31 december 2021)
    8,412 warrants

  • Andreas Kennemar

    Andreas Kennemar

    Born 1976 | Chief Business Development Officer | Joined in 2021

    Education:

    High school economist.

    Experience:

    Senior role as Technology Evangelist at Swedbank and previously as Head of Blockchain at Handelsbanken. Before that IT manager at E-trade Nordic. Andreas also has entrepreneurial experience as founder and CEO of the cryptocurrency mining company KnCminer, including subsidiaries such as XBTProvider. Andreas has also been a speaker at Inside Bitcoin. Board member of the Lifeboat Foundation and sponsor of Bitcoin foundation.

    Other commitments:

    No commitments outside Safello Group.

    Holdings:

    0 shares (as of 31 December 2021)
    116,482 warrants

  • Johan Edin

    Johan Edin

    Born 1978 | Chief Financial Officer | Joined in 2021

    Education:

    M.Sc. in Business and Administration, with Finance as a major, from the Stockholm School of Economics.

    Experience:

    Johan has over 12 years of experience in investment banking (DCM and ECM) from DNB Bank, Arctic Securities, Citigroup and Goldman Sachs. In addition, experience as a CFO in the energy sector, as well as entrepreneurial experience in the hospitality industry.

    Other commitments:

    No commitments outside Safello Group.

    Holdings:

    8,960 shares via endowment insurance (as of 31 December 2021)
    116,482 warrants

  • Michal Gromek

    Michal Gromek

    Born 1987 | Chief Compliance Officer | Joined in 2018

    Education:

    Has two degrees at advanced level in Investment Management. Graduated from Said Oxford Business School for Blockchain Strategy Program. Master’s degree in International Management, University of Economics at Bratislava & Gdansk University of Technology, Bachelor’s degree in European Economics Studies, University of Coimbra & Gdansk University of Technology. Conducted doctoral studies between Q3 2015 and Q1 2020 in business administration, entrepreneurship, innovation and technology at the Stockholm School of Economics.

    Experience:

    Michal has been an active member of the Swedish Fintech ecosystem with a focus on improved regulation and legislation regarding digital assets. Michal has previously served as Head of Compliance and Chief Operating Officer at Safello.

    Other commitments:

    Chairman of Fintech Partner International AB. Chairman of the Working Group on Digital Assets and Blockchain of the Swedish Fintech Association, Contributor at Forbes about cryptocurrencies, blockchain and fintech, Head of Insights at Sthlm Fintech Week, Guest Lecturer and Program Manager for the Stockholm School of Economics Executive Education.

    Holdings:

    42,080 shares via Fintech Partner International AB (as of 31 December 2021). Michal Gromek is a shareholder of Fintech Partner International AB.
    111,728 warrants

  • Niklas

    Niklas Lundbäck

    Born 1978 | Chief Product Officer | Joined in 2017

    Education:

    Bachelor of Technology at the Royal Institute of Technology, Stockholm, Master of Technology at California State University, East Bay.

    Experience:

    Niklas has been part of the community around cryptocurrencies since 2013 and has previously worked as CTO at Obscura Digital. Obscura Digital was acquired in 2017 by Madison Square Garden Group. Niklas has previously served as Head of Product at Safello.

    Other commitments:

    President and Chairman of Supson Holding AB and Supson Consulting AB.

    Holdings:

    207,480 shares via Supson Holding AB endowment insurance (as of 31 December 2021). Niklas Lundbäck owns 100% of Supson Holding AB.
    116,482 warrants

  • Helén

    Helén Landenberg Rämsell

    Born 1989 | General Counsel | Joined in 2021

    Education:

    LL.M., Stockholm University

    Experience:

    Helén has over 7 years of experience as lawyer with business law firms (KANTER Advokatbyrå and Gernandt & Danielsson Advokatbyrå), where she has been practising mainly in the areas of M&A, capital markets and company law. She also has experience from client secondment on ICA Gruppen as legal counsel.

    Other commitments:

    No commitments outside Safello Group.

    Holdings:

    38,035 warrants

General meetings

Annual General Meeting 2022

The Annual General Meeting of Safello Group AB (publ) was held on 27 April 2022 without physical presence of shareholders, proxies or external parties by advance voting per mail pursuant to the Swedish Act (2022:121) on Temporary Exemptions to Facilitate the Execution of General Meetings in Companies and Associations.

Below is the notice to the AGM including the complete proposals and other related documents.

Minutes from the AGM PDF
Appendix 1 Kallelse / Notice PDF
Appendix 2 Formulär för poströstning / Form of mail vote PDF
Appendix 3 Sammanställning av resultatet av poströster / Compilation of the aggregate result of the mail votes PDF
Appendix 5 Årsredovisning / Annual Report PDF
Appendix 6 Ny bolagsordning / New Articles of Association PDF
Proxy form PDF

Safello presents financial year 2021

CEO Frank Schuil and CFO Johan Edin present and comment on the financial year 2021. You can access the presentation here: https://www.youtube.com/watch?v=-bpkSaZPSCA. If you have any questions, post them in the comments section. Please note that the presentation does not form part of the formal Annual General Meeting.

Certified Adviser

Corpura Fondkommission AB is Certified Adviser to Safello Group AB.

ca@corpura.se

Artillerigatan 42, 114 45 Stockholm

Incentive program

Safello Group AB has established one incentive program for management and staff and one for members of the board of directors. At the Annual General Meeting on 12 March 2021 it was decided to offer up to a total of 100,000 warrants (Sw: teckningsoptioner) to the members of the board of directors and up to a total of 950,875 warrants for management and employees. The warrants were offered to the eligible persons at an independently assessed market value of SEK 0,69 per warrant, based on the Black and Scholes model for option valuation.

In total, 100,000 warrants were subscribed for by members of the board of directors and 891,068 warrants were subscribed to by management and employees. The total number of subscribed for and paid warrants amounts to 991,068.

The program has a duration of 3 years and each warrant gives the right to acquire one share in Safello Group AB at a price of SEK 23.63 during the period 1 March to 30 April 2024.

If the acquired warrants are exercised in full, the number of shares issued by the Company will increase by 991,068, equivalent to a dilution for existing shareholders of 4.6%.

Articles of Association

Download Safello Group AB’s Articles of Association here

Auditor

Safello Group AB has appointed WeAudit Sweden AB as its auditing firm with Mikael Stefan Köver as principal auditor.