![Madis Toomsalu](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="%231b1b1b" class="bi bi-person-fill" viewBox="0 0 16 16"><path d="M3 14s-1 0-1-1 1-4 6-4 6 3 6 4-1 1-1 1zm5-6a3 3 0 1 0 0-6 3 3 0 0 0 0 6"/></svg>)
Madis Toomsalu
Chairman at
LHV Pank AS
Net worth: 7 M $ as of 31/08/2026
Profile
Madis Toomsalu is currently Chairman of the Supervisory Board at LHV Pank AS, LHV Kindlustus AS, and EveryPay AS.
Also holds positions as Non-Executive Director at Commercial & Northern Ltd., Member of the Supervisory Board at LHV Finance AS, and Member of the Management Board at MTÜ Finance Estonia.
Formerly Chief Executive Officer and Director at LHV Group.
AS from 2007 to 2025 and Chairman at LHV Bank Ltd. Education includes undergraduate and graduate degrees from Tallinn University of Technology, conferred in 2009 and 2011 respectively.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
LHV GROUP AS 0.53% | 31/12/2025 | 1,721,400 ( 0.53% ) | 7 M $ | 31/08/2026 |
Madis Toomsalu active positions
| Companies | Position | Start |
|---|---|---|
LHV Pank AS
 LHV Pank AS Major BanksFinance Provides banking services | Chairman | - |
MTÜ Finance Estonia | Corporate Officer/Principal | - |
LHV Finance AS | Director/Board Member | 26/06/2020 |
LHV Kindlustus AS | Chairman | - |
EveryPay AS
 EveryPay AS Regional BanksFinance Operates a platform for receiving payments | Chairman | 04/04/2022 |
Bank North Ltd.
 Bank North Ltd. Regional BanksFinance Provides credit intermediation services | Director/Board Member | 01/09/2021 |
Former positions of Madis Toomsalu
| Companies | Position | End |
|---|---|---|
| AS LHV GROUP | Chief Executive Officer | 22/07/2025 |
LHV Bank Ltd.
 LHV Bank Ltd. Finance/Rental/LeasingFinance Provides lending services | Chairman | - |
Training of Madis Toomsalu
Experiences
Positions held
Active
Inactive
Listed companies
Private companies
Connections
51
1st degree connections
9
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Private companies | 9 |
|---|---|
LHV Group AS
 LHV Group AS Major BanksFinance Provides retail, corporate and financial intermediaries banking & asset management and insurance services | Finance |
Tallinn University of Technology
 Tallinn University of Technology Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
LHV Pank AS
LHV Pank AS Major BanksFinance Provides banking services | Finance |
LHV Finance AS | |
MTÜ Finance Estonia | |
Bank North Ltd.
Bank North Ltd. Regional BanksFinance Provides credit intermediation services | Finance |
LHV Kindlustus AS | |
LHV Bank Ltd.
LHV Bank Ltd. Finance/Rental/LeasingFinance Provides lending services | Finance |
EveryPay AS
EveryPay AS Regional BanksFinance Operates a platform for receiving payments | Finance |
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