Moonika Maaring appointed Head of Retail Banking at Coop Pank

Moonika Maaring’s term of office as Head of Retail Banking and Member of the Management Board will commence on 1 November 2026 and will last for three years. She will succeed Karel Parve, who announced in August that he would not seek an extension of his term of office upon its expiry.

According to Arko Kurtmann, Chairman of the Management Board of Coop Pank, it is important that the bank has been able to appoint its new Management Board member from within its own team.

“It is important to us that we can provide our people with opportunities to grow and take on greater responsibility within the organisation. Moonika Maaring knows both our bank and our customers well and has extensive experience in the Estonian banking sector. Moonika’s in-depth understanding of retail banking and its development gives us confidence that she will excel in her role as a Member of the Management Board and contribute to Coop Pank’s continued development,” said Kurtmann.

Maaring joined Coop Pank in April 2024 and currently serves as Head of Everyday Banking in the Private Clients segment. Prior to joining Coop Pank, she served as Head of Retail Banking at LHV Pank and held various other management positions. She has previously worked at Swedbank P&C Insurance and Salva Kindlustus.

Moonika Maaring holds a degree in International Business Administration from EBS, with a specialisation in marketing. She has extensive management experience in banking, insurance, sales and service processes, customer experience, and product and service development.

From 1 November, the Management Board of Coop Pank will comprise Chairman of the Management Board Arko Kurtmann, Chief Financial Officer Paavo Truu, Chief Risk Officer Heikko Mäe, Chief Information Officer Alvar Pihlapuu, Head of Corporate Banking Lehar Kütt, and Head of Retail Banking Moonika Maaring.