The governing bodies of the Vilnius University Foundation:

  • Sharers;
  • Investment Board;
  • CEO.

The Foundation’s sharers make decisions related to budget formation, project funding, endowment capital fund formation, approval of financial statements and statements of received support, and appointment of new sharers. They also elect the Foundation’s Investment Board and appoint the CEO.

The Investment Board is responsible for the strategy of the endowment capital fund investment and its implementation. The Board consists of the finance and asset management professionals with impeccable reputation.

The Foundation’s CEO ensures efficient everyday activities of the Foundation.

The Internal Control Committee acts as an additional measure for ensuring that the Foundation adheres to the highest standards and efficiently pursues the goals set forth by the Foundation’s regulations. The Internal Control Committee supervises, monitors and evaluates the Foundation’s activities. Members of the Committee are delegated by the Foundation’s sharers, members of the Board of Trustees, and Vilnius University.

Fund’s Sharers and their Representatives

Arvydas Andrijauskas

Businessman, founder of Alma littera, one of the largest book publishing and trading groups in the Baltic States. Alumnus of Vilnius University, Faculty of Physics.

JSC "Ekspla", represented by Kęstutis Jasiūnas

Manufacturer of solid state lasers and systems for science and technology, represented by Kęstutis Jasiūnas, the Chair of the Board.

JSC "Light Conversion", represented by Kristina Piskarskaitė

Manufacturer of solid state lasers and systems for science and technology, represented by Kristina Piskarskaitė.

Nerijus Numa

Investor, former active member of student organizations, one of the founders of the Lithuanian Medical Students’ Association (LiMSA). Alumnus of Vilnius University, Faculty of Medicine.

Danas Tvarijonavičius, representing JSC "Grūdainė"

Doctor of Medical and Biochemical Sciences, businessman, investor.

Gediminas Vaitiekūnas, representing NGO "GV muziejus"

Businessman, member of Vilnius Old Town Rotary club, president of Deer farmers association, Chairman of Lithuanian Association of Hunters. Alumnus of Vilnius University, Faculty of Physics.

Darius Zubas, representing "Akola ApS"

Businessman, founder and main shareholder of AB Akola group and Chairman of its Board.

Alvydas Žabolis

Investor, founder and CEO of Zabolis Partners. Alumnus of Vilnius University, Faculty of Physics.

Members of Investment Board

Alius Jakubėlis, Chair

Partner, Chairman of the Management Board at Orion Securities, President of the Lithuanian Financial Brokers Association

Šarūnas Barauskas

Expert in bond markets

Mindaugas Mažeikis, CFA

Investment Strategist at INVL Finasta. Expert in stock markets, chartered financial analyst (CFA)

Prof. Konstantinas Pileckas

Professor at VU Faculty of Mathematics and Informatics, private investor

Paulius Kunčinas

Economist, investment specialist

Tomas Krakauskas

Chief Investment Officer at Willgrow

CEO of the Fund

Justinas Noreika, CFA

Over 10 years of experience in various organization and investment management, chartered financial analyst (CFA)

Internal Control Committee

Dr. Irma Kamarauskienė, Chair

Auditor, former CFO of Achema Group.
(Delegated by VU)

Dr. Algirdas Juozapavičius

Former shareholder and long-time CEO of JSC Light Conversion.
(Delegated by co-founders)

Mantė Mažeikienė

CFO of Eksma Group
(Delegated by co-founders)

We are very grateful for your support! Your contribution to VU helps us grow, secure the future of the University and implement the projects we need.