Management and Structure
State enterprise Turto Bankas is a limited civil liability state-owned legal entity, which controls, uses and disposes of the assets entrusted to and acquired by it in accordance with the right of trust. The Ministry of Finance of the Republic of Lithuania, which appoints and recalls other managerial bodies of the company (the Manager of the company and the Board), implements the rights and obligations of the owner. The Board of Turto Bankas is comprised for a term of four years from five members, among which there must be one civil servant, three independent natural persons and one representative of employees.
Rytis Valūnas
Head of Legal and Strategy Development at Nexa Watch, Member of the Boards of Toksika and BMI Executive Institute, with extensive experience in the fields of energy, corporate governance and law. He holds an Executive Master of Business Administration (EMBA) from the BMI Executive Institute, a Master’s degree in International Trade Law and Energy Policy from The Fletcher School of Law and Diplomacy at Tufts University, and a Master’s degree in International Law from Mykolas Romeris University and Ghent University.
Aurimas Tomas Staškevičius
Member of the Board and Head of the Lending Department at LTL Credit Union, Member of the Board of Lithuanian Railways (AB Lietuvos geležinkeliai). He holds a Master’s degree in Business Management from Vilnius Gediminas Technical University and Henderson University (USA).
Žanas Neimantas
Executive with more than 25 years of management experience in the real estate, infrastructure, retail and services sectors. He has previously held senior management positions at the Ogmios Group, SBA Group, HISK and Palink (IKI Group). He holds a Master of Business Administration (MBA) degree from Mykolas Romeris University and a Bachelor’s degree in Physics and Mathematics from Šiauliai University.
Vaida Dumčiūtė
Advisor at the State Property Management Policy Division of the Ministry of Finance, with extensive experience in state property management, land law and legislative drafting. She has previously worked at the Ministries of Energy, Agriculture and Justice. She holds a Master’s degree in Law from the Faculty of Law at Vilnius University.
Aurimas Tomas Staškevičius
Member of the Board and Head of the Lending Department at LTL Credit Union, Member of the Board of Lithuanian Railways (AB Lietuvos geležinkeliai). He holds a Master’s degree in Business Management from Vilnius Gediminas Technical University and Henderson University (USA).
Žanas Neimantas
Executive with more than 25 years of management experience in the real estate, infrastructure, retail and services sectors. He has previously held senior management positions at the Ogmios Group, SBA Group, HISK and Palink (IKI Group). He holds a Master of Business Administration (MBA) degree from Mykolas Romeris University and a Bachelor’s degree in Physics and Mathematics from Šiauliai University.
Žanas Neimantas
Executive with more than 25 years of management experience in the real estate, infrastructure, retail and services sectors. He has previously held senior management positions at the Ogmios Group, SBA Group, HISK and Palink (IKI Group). He holds a Master of Business Administration (MBA) degree from Mykolas Romeris University and a Bachelor’s degree in Physics and Mathematics from Šiauliai University.
Rytis Valūnas
Head of Legal and Strategy Development at Nexa Watch, Member of the Boards of Toksika and BMI Executive Institute, with extensive experience in the fields of energy, corporate governance and law. He holds an Executive Master of Business Administration (EMBA) from the BMI Executive Institute, a Master’s degree in International Trade Law and Energy Policy from The Fletcher School of Law and Diplomacy at Tufts University, and a Master’s degree in International Law from Mykolas Romeris University and Ghent University.
Vaida Dumčiūtė
Advisor at the State Property Management Policy Division of the Ministry of Finance, with extensive experience in state property management, land law and legislative drafting. She has previously worked at the Ministries of Energy, Agriculture and Justice. She holds a Master’s degree in Law from the Faculty of Law at Vilnius University.
Gintaras Makšimas
Acting Chief Executive Officer of Turto bankas, who holds a Master’s degree in Law from the Faculty of Law, Vilnius University.
Laima Kalinauskienė
Head of the State Property Management Policy Division at the Ministry of Finance
Mindaugas Liutkus
Mindaugas has extensive long-term experience in several international companies. Throughout his career, he has gained strong expertise in strategic planning, operational efficiency, cost control, financial management and modelling, cash flow management, and other key areas that contribute to efficient and transparent organisational management.
Before joining Turto bankas, he served as Chief Financial Officer at Brikers LT. Prior to that, he headed the Business Control and Analysis Department at LTG Cargo and spent many years at Nordea Bank, where he was responsible for the finance function and served as Country Controller. He also gained significant international experience at Omnitel, working closely with colleagues across the Nordic countries.
Ramūnas Narbutas
Technical Maintenance Engineer at the Kaunas Property Maintenance Group of the Property Maintenance Division, Projects and Maintenance Department of the Company, who holds a qualification equivalent to a Master’s degree in Agricultural Electrification and Automation from the Lithuanian Academy of Agriculture.
Gintaras Makšimas
Experience
Gintaras has extensive experience in corporate law, competition law and real estate law, as well as in business strategy, change management and operational efficiency. He has worked as an attorney-at-law, was a partner at the law firm IN CORPORE, headed the Legal Department at Lithuanian Post, led the Legal Division at Vilniaus vandenys, served as an independent member of the Board of Visagino energija, and was Head of the Analysis Division at the Governance Coordination Centre.
Education
- Strategic Management Programme, ISM Executive School
- Master’s degree in Law, Faculty of Law, Vilnius University
- Master’s degree in Law, Mykolas Romeris University
- Bachelor’s degree in Law, Mykolas Romeris University
Gintaras Makšimas has been serving as Acting Chief Executive Officer since 22 May 2024.
Algirdas Stumbrys
Experience
Algirdas has more than 15 years of experience in public administration. He currently serves as Head of the State Competencies Department at Turto bankas. Previously, he was Head of the State Real Estate Strategy Implementation Division within the State Real Estate Strategy Department.
Education
- Master’s degree in Public Administration, Mykolas Romeris University
- Bachelor’s degree in Public Administration, Mykolas Romeris University
Other Positions
- Member of the Board of State Enterprise Turto bankas (19 June 2018 – 13 May 2022)
Modesta Acutė
Experience
Modesta has extensive experience working in several of Lithuania’s largest companies. Throughout her career, she has gained significant expertise not only in management, but also in debt administration, property management and other related fields.
Before joining Turto bankas, Modesta worked at the Ignitis Group Service Centre as Head of Group Property Management and Administration. Prior to that, she spent nearly nine years as Head of the Buildings and Transport Division at Energijos skirstymo operatorius (ESO). In both organisations, she was responsible for managing a real estate portfolio of approximately 60,000–100,000 square metres and a fleet of around 1,000 vehicles.
Education
Master’s degree in Engineering, Vilnius Gediminas Technical University
Mindaugas Liutkus
Experience
Mindaugas has extensive long-term experience in several international companies. Throughout his career, he has gained strong expertise in strategic planning, operational efficiency, cost control, financial management and modelling, cash flow management, and other key areas that contribute to efficient and transparent organisational management.
Before joining Turto bankas, he served as Chief Financial Officer at Brikers LT. Prior to that, he headed the Business Control and Analysis Department at LTG Cargo and spent many years at Nordea Bank, where he was responsible for the finance function and served as Country Controller. He also gained significant international experience at Omnitel, working closely with colleagues across the Nordic countries.
Education
Master’s degree in Management and Business Administration, Vilnius University
Rolandas Galvėnas
Experience
Rolandas has more than 30 years of professional experience in public and private sector law. Since 2017, he has been working at Turto bankas, where he has served as Head of the Legal Division and Director of the Legal and Administration Department. He has also been responsible for the company’s governance, compliance and internal control functions.
He is actively involved in academic and professional activities. Rolandas has been an arbitrator at the Vilnius Court of Commercial Arbitration for many years, a former lecturer at Mykolas Romeris University, a co-author of the textbook Civil Law: Law of Obligations, and the author of The Beginner’s Entrepreneur Handbook and other legal publications.
Education
Master’s degree in Law, Vilnius University.
Gerda Krasauskė
Experience
Gerda is an infrastructure and strategic projects executive with more than 18 years of professional experience in the energy, transport and large-scale public infrastructure sectors in Lithuania and abroad. Over the past decade, she has led several teams responsible for delivering major projects. She has successfully managed complex international and EU-funded projects, overseeing their implementation from initial concept through to completion.
Education
Bachelor’s degree in Civil Engineering, Kaunas University of Technology and the University of East London.
Indrė Kajokienė
Experience
Indrė has more than eight years of professional experience in state real estate management, including seven years in property sales. She specialises in the sale of state-owned real estate, market analysis and customer needs assessment. In her professional work, she combines engineering knowledge with economic analysis to ensure the efficient use of state property and the implementation of transparent transactions.
Education
Master’s degree in Economics, Mykolas Romeris University.
Bachelor’s degree in Civil Engineering, Vilnius Gediminas Technical University (now Vilnius TECH).