THE SECURITIES COMMISSION OF THE REPUBLIC OF LITHUANIA
Konstitucijos Av. 23, LT-08105 Vilnius
Phone:(8 5) 2725091, Fax:(8 5) 2725089
E-mail: vpk.info@vpk.lt, Code 1886 39917
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Chairman and Commissioners


CHAIRMAN OF THE LITHUANIAN SECURITIES COMMISSION

Vilius Šapoka

Born: 14 December 1978

 

ACADEMIC BACKGROUND

1997 - 2001 - Vilnius University, Faculty of Economics, Bachelor of Economics in Finance;

2001 - 2003 - Vilnius University, Faculty of Economics, Master of Economics in Banking;

 

POST-GRADUATE STUDIES

2010 – seminar "Negotiating Skills for European Supervisors", Frankfurt, Germany.

2006 – IOSCO Course "A Practical Approach to Market Oversight", Madrid, Spain;

03.2005-07.2005 - traineeship at the European Commission, Banking and Financial Conglomerates Unit, Brussels, Belgium;

2004 - Course hosted by the International Monetary Fund "Macroeconomic management and financial sector issues", Vienna, Austria;

 

PROFESSIONAL EXPERIENCE

10.12.2010 - appointed Chairman of the Lithuanian Securities Commission

18.05.2007 - appointed Vice-Chairman of the Lithuanian Securities Commission

02.06.2006 - Lithuanian Securities Commission, Commissioner;

2002 - 2006 - Ministry of Finance, Financial institutions division of the Financial Market Department, Senior Specialist, Chief Specialist, Deputy Head of the Division;

1999 - 2001 - the Lithuanian Savings Bank, Cash operations inspector, Head of the Customer Service Division, Financial analyst of the Finance Planning Department.

 

OTHER ACTIVITIES

2005 - 2006 - European Financial Conglomerates Committee, Alternate Member;

2005 - 2006 - Joint EBC-EIOPC-ESC Working Group on Cross Border Consolidation, Member;

2003 - 2006 - Expert Group on Economic Indicators of Financial Integration, the European Commission, Member;

2003 - 2006 - Commission for Co-ordination of Regulation and Supervision of Financial Institutions and Insurance Companies, Secretary;

2004 - 2005 - Financial Services Working Group (capital requirements), the European Council, Member;

2003 - 2005 - European Securities Committee, Alternate Member.

 

FOREIGN LANGUAGES : English, Russian.

 

FAMILY STATUS: married, has 2 sons.

VICE-CHAIRMAN OF THE LITHUANIAN SECURITIES COMMISSION

Vaidas Cibas

Born: 24 April 1974

 

ACADEMIC BACKGROUND

1996-1998 - Vilnius University, Faculty of Economics, Master's degree in applied macroeconomics.

1992-1996 - Vilnius University, Faculty of Economics, Bachelor's degree in financial accounting and audit.

 

POST-GRADUATE STUDIES

2009 - seminar "Negotiating Skills for European Supervisors", Frankfurt, Germany.

2009 - seminar "Enforcement of IFRS", Paris, France.

2006 - traineeship in the Financial Services Authority, London, UK.

2004 - traineeship in the National Audit Office of India, Delhi, India.

2002 - traineeship in the National Audit Office of the United Kingdom, London, UK.

2001 - course in English in the "Stanton School of English", London, UK.

1997 - course in financial accounting hosted by UAB "Pačiolis", course in audit basics hosted by the Lithuanian Institute of Audit and Accounting.

1996 - "Introductory course for business manager and bankers" hosted by "Arthur Andersen" audit firm, funded by PHARE.

 

PROFESSIONAL EXPERIENCE

18.06.2010 - appointed Commissioner of the Lithuanian Securities Commission for the second term.

12.10.2006 - appointed Vice-Chairman of the Lithuanian Securities Commission

05.07.2005 - Lithuanian Securities Commission, Commissioner.

2001-2005 - the National Audit Office of the Republic of Lithuania,Performance Audit Department, Principle Auditor.

1999-2001 - Customs Department under the Ministry of Finance of the Republic of Lithuania, Intelligence and Analysis Department, Chief inspector.

1997-1999 - the National Audit Office of the Republic of Lithuania, Communications and Construction Control Department, trainee-auditor.

1995-1997 - consultant for the "Vilnius Business Consulting centre".

 

OTHER ACTIVITIES

Member of the Audit Quality Control Committee since September 2005

Member of the Lithuanian Accounting Standard Board since September 2005

Teaching of performance audit at the Mykolas Romeris University (2004).

 

LICENCES

Internal auditor's certificate issued by the Institute of Internal Auditors of the Republic of Lithuania (2004).

 

FOREIGN LANGUAGES: English, Russian, German.

 

FAMILY STATUS: married, has a son.



COMMISSIONER OF THE LITHUANIAN SECURITIES COMMISSION

Lina Lankė

 

Born: 4 January 1980

 

ACADEMIC BACKGROUND

1998 – 2003  – Vilnius University, Faculty of Law, Master of Law degree

 

POST-GRADUATE STUDIES

2008 – „DOOR Training and Consulting“, project management.

2008 – Human Study centre, course on efficient management and leadership.

2007 September – Marcusevans „Buyouts in the CEE and SEE“.

2007 January – Foreign language centre. The Course of English Language at C.1.1.

2006 March – Mokesčių srautas, UAB „The new Lithuanian contract law: business opportunities and challenges“.

2005 November – ICC Lietuva, “M&A contracts. International practice and legal environment in Lithuania.

2005 November – Lithuanian Institute of Public Administration. „Legal English in the EU“.

2005 September – the International Organization of Securities Commissions (IOSCO), Emerging markets program, 2005 Capital market regulation: striking a new balance“.

2004 May – PHARE Project “Strengthening the Administrative and Technical Capacity of the Financial Crime Investigation Service (FCIS) while implementing effective Money Laundering Prevention Measures”, “Managing Suspicious Activity Reports, Identity Fraud, and Data Protection in the EU”.

2004 March – Central Securities Depository of Lithuania, “Peculiarities of Public Circulation of Securities and Monetary Funds in Financial Intermediary Companies”.

 

PROFESSIONAL EXPERIENCE

20-10-2008 – appointed a Commissioner of the Lithuanian Securities Commission.

2008 May – 2008 October – Invalda turto valdymas, UAB, Head of the Law Department.

2007 August – 2008 May – Finasta investicijų valdymas, UAB, Lawyer.

2007 January – 2007 August – Representative of the Lithuanian Securities Commission in the Investment management expert group of the Committee of European Securities Regulators;

2005 June – 2007 August – LSC, Head of the Investment Management Department;

January 2005 – June 2005 – LSC, Deputy Head of the Investment Management Department;

2005 June – 2004 February – LSC, Chief Specialist of the Investment Management Department;

2003 December – Kristiana, UAB, legal consultant.

2003 – 2004 – Translation, Documentation and Information centre, legal editor under a copyright agreement. 

 

OTHER ACTIVITIES

 2007 January – 2007 August – Representative of the Lithuanian Securities Commission in the Investment management expert group of the Committee of European Securities Regulators.

 

FOREIGN LANGUAGES: English, Russian, basic of French and Polish.

 

FAMILY STATUS: married.

 


COMMISSIONER OF THE LITHUANIAN SECURITIES COMMISSION

 

Vaidotas Jonutis

 

Born: 2 February 1977

 

ACADEMIC BACKGROUND

1998 – 2000  – Vilnius University, Faculty of Economics, Master of business administration and management;

1994 – 1998 – Vilnius University, Faculty of Economics, Bachelor of business administration and management.

 

PROFESSIONAL EXPERIENCE

20-10-2008 – appointed a Commissioner of the Lithuanian Securities Commission.

2008 February – 2008 April – Finasta UAB, FMĮ, financial broker, Head of the Trading Department;

2003 May – 2008 April – Finasta rizikos valdymas UAB, Director;

1999 February – 2001 February – Sinkus, UAB, FMĮ, Financial broker;

1997 April – 1999 February – Auksinė karūna, UAB, FMĮ, assistant financial broker.

 

FOREIGN LANGUAGES: English, Russian.

FAMILY STATUS: married, has 2 sons.


  

COMMISSIONER OF THE LITHUANIAN SECURITIES COMMISSION

 

Renata Babkauskaitė

 

 

Born: 20 December 1977

 

ACADEMIC BACKGROUND

1999 - 2001 - Vilnius University, Faculty of Economics, Master of Economics;

1995 - 1999 - Vilnius University, Faculty of Economics, Bachelor of Economics;

 

POST-GRADUATE STUDIES

2010 – SREP - Process and Risk Management. Investment Market Case, Warsaw, Poland

2009 – Supporting Financial Stability, London, UK

2008 – Risk Models, Brussels, Belgium

2008 – Credit Risk Transfer, Paris, France

 

PROFESSIONAL EXPERIENCE

18.06.2010 - appointed Commissioner of the Lithuanian Securities Commission;

2007-2010 – Lithuanian Securities Commission, Head of the Prudential Supervision Department;

1999-2007 – Ministry of Finance, Insurance Companies Regulation division of the Financial Market Department, chief specialist;

1997-1999 – insurance company „Lindra“, insurance specialist.

 

OTHER ACTIVITIES

2005-2007 – European Insurance and Occupational Pensions Committee, alternate member;

2004-2007 – Expert group on Solvency of insurance companies, the European Commission, member

2004-2007 – Working group on Insurance, the Council of the European Union, member

2004-2005 – Insurance Committee, the European Commission, alternate member 

 

FOREIGN LANGUAGES: English, German, Russian.

 

FAMILY STATUS: not married.