Mr. Sigurdur Jon Bjornsson has been appointed as head of Finance at the Housing Financing Fund (HFF). He has a B.Sc. degree in Finance, Accounting and Business Administration (1995) from the University of Iceland, and is also a certified securities broker. Mr. Bjornsson is currently pursuing part-time studies towards a MSc degree in Finance at the University of Iceland.
For the past four years, Mr. Bjornsson, was a financial consultant, both at Capacent Consultancy and Capacent Corporate finance, working on financial- and operational advisory, restructuring and valuations of various companies. Mr. Bjornsson has also worked in financial analysis for HFF, regarding rental associations experiencing financial difficulties. Mr. Bjornsson has extensive experience in the real estate market and real estate management. He also worked as a compliance officer at Capacent and was responsible for communications with the FSA (Financial Supervisory Authority of Iceland) concerning the permit application for the securities company part of Capacent.
In 2004 -2007, Mr. Bjornsson was the manager of the management reporting division of the joint airline company, Islandsflug and Air Atlanta. Prior to that, he had been on the Board of Directors for the airline since 1998. In 1997 – 2004, he participated in the structuring of Framtak investment bank as CFO and investment manager for the bank. Mr. Bjornsson has been a board member of various companies and chairman of the board for the software company Betware, since its establishment in 1998. He has also been a part-time lecturer in Finance at Reykjavik University (RU) and Capacent.
The head of HFF´s finance division is responsible for the Fund´s financing, risk- and treasury management in addition to accounting and loan surveillance. Mr. Bjornsson will commence his duties at HFF in the next weeks.