Admiral Markets AS Cuts Management Board After Licence Surrender

Admiral Markets AS cut its management board to a single director and added a new supervisory board member after the Estonian entity voluntarily gave up its investment firm licence.

Olga Senjuškina will join the supervisory board for a five-year term starting 13 August, the sole shareholder resolved. She came to the Admirals group in 2014 as a financial controller and served as an invited member of the audit committee from 2020 to 2025. Her experience spans more than 20 years in accounting and tax consulting, with asset management work, and earlier financial controller roles in mechanical engineering and logistics. She also sits on the management boards of Osaühing OIS Büroo and OIS Meedia OÜ.

With her appointment, the supervisory board consists of Alexander Tsikhilov, Anatolie Mihalcenco, Dmitri Lauš and Senjuškina. The shareholder resolution of 13 August also changed the company's articles of association. Licensed investment services are no longer part of the company's fields of activity; non-licensed financial services now stand in their place. The supervisory board may adopt resolutions without convening a meeting, and the management board can range from one to five members.