Our market position, background and goals

Ľubomír Balog has been Chairman of the Board and the initiator of the group's key projects in financial services since 1996. As of 2001, he has been in charge of financial services, capital construction and the development of multi-purpose properties. He studied Informatics and has more than 15 years of experience in the Slovak financial services market. As a precise analyst, he combines the individual activities of the group into a synergetic and concentrated whole.

Ing. Karol Ruman is the Vice-Chairman and executive director of selected companies in the group as well as a decisive figure in terms of identifying new opportunities, the financial analysis of projects and the "acceleration" of the group's strategic activities. In the mid-1990s, he initiated the foundation of the first investment funds and participated in the completion of the privatisation process of several industry sectors in Slovakia. Karol Ruman graduated from the Economic University in Bratislava and speaks Czech, English and Russian. Since 1996, he has participated in the founding of dozens of companies within and beyond the Group.

Jaroslav Fuchs has been a board member since 1999 and, since 2001, the agent of a strategic company of the LBG Group, i.e. POHOTOVOSŤ, s.r.o. Before joining the holding's board, he acquired experience in several managing posts in its subsidiaries and managed major service processes in organisations owned by this holding. Fuchs participated in acquisitions as well as in the development and administration of licensed broker companies trading the holding’s securities. He also developed the business projects of selected investment funds. Thanks to his 15 years of experience with service organisations and his keen eye for details, he has become a valuable force in terms of the consolidation, optimisation and standardisation of the holding's strategic companies

Following his graduation from the Economic University in Bratislava, he worked for the most efficient Slovak bank, Tatra Banka (RZB Group), for 13 years, culminating in his service as its vice-president for retail and corporate loans for 5 years. Packa is the founder of the inter-bank loan register for natural persons and legal entities. He also acts as an agent for several banks, which has earned him a deep knowledge of the CEE banking market. In 2007, he switched to the LBG Holding, serving as its Executive Director. Within the Group, he is in charge of the holding's strategy, development and relations with the most significant investment partners, banks, ministries and other regulatory state authorities. As Chairman of the Supervisory Board, he successfully participated in the founding, construction and operation of 31 photovoltaic power plants in Slovakia and, at the same time, in the M&A transfer of a 30% share in Samsung C&T. Mr. Packa successfully restructured portfolios in banks acquired by the Holding. He also helped to speed up an extensive programme of synthetic textile recycling in the automotive industry. Thanks to his background in banking, he is able to prepare funding projects for new acquisitions in various industries such as nutrition, media, measuring and control equipment and metrology (all in 2013). He actively develops strategic alliances with the G4 Investment Group, in which LBG acts as the strategic partner for selected projects. Packa speaks English, German, Croatian, Czech and Russian.