Marius Lukminas, currently Deputy CEO of investment management company Capitalica Asset Management, has been appointed the company’s new CEO. Following approval by the Bank of Lithuania, he succeeds Andrius Barštys, who will continue to chair the company’s Board and focus more closely on strategic development, new investment opportunities and Capitalica’s long-term growth.
The leadership change marks a new chapter in the development of Capitalica Asset Management. Over the past decade, the company has established a strong position in the Baltic investment management market, with assets under management now exceeding EUR 270 million. As its ambitions grow and its operations expand in both scale and geographical reach, the company is also strengthening its leadership team.
“Over Capitalica’s first decade, we have built a solid foundation: a strong team, investment expertise, a substantial portfolio of projects and the trust of our investors. Our ambitions are now greater. We want to grow Capitalica not only in scale but also in capabilities — bringing new energy, fresh ideas, a broader perspective and an even higher standard of execution to the organisation. Marius has the right combination of experience, analytical thinking, leadership and energy for this stage of the company’s development,” says Andrius Barštys, Chairman of the Board of Capitalica Asset Management.
According to Barštys, the leadership change will also help establish a clearer distinction between the company’s day-to-day management and its strategic development.
“My focus will increasingly shift towards where Capitalica should be in five or ten years — new markets, investment opportunities, partnerships and capital raising. Our goal is to continue growing an investment management company born in the Baltic region that can compete across the wider European market,” says Barštys.
Lukminas joined Capitalica Asset Management in February this year and quickly became an important member of the company’s leadership team. He brings more than 15 years of experience in investment and finance, as well as an in-depth understanding of Capitalica’s operations, team and strategic development priorities.
“Real estate is the strong foundation of Capitalica — it is where we have built the greatest depth of expertise, experience and market knowledge. My goal is to strengthen this foundation further while exploring new growth opportunities. We want to be an even stronger partner to our investors, capable of identifying attractive investment opportunities, executing them professionally and consistently creating long-term value,” says Lukminas.
He notes that one of the key priorities will be to develop not only the company’s scale but also the organisation itself.
“As Capitalica grows, we must develop the organisation alongside it — its talent, expertise, processes, operational efficiency and decision-making quality. We want to preserve our entrepreneurial culture and ability to act quickly while consistently strengthening the standards expected of an institutional investment manager,” says Lukminas.
Lukminas has more than 15 years of experience in investment and finance. Throughout his career, he has gained expertise in investment banking, corporate finance and fund management. Before joining Capitalica Asset Management, he worked at Modus Asset Management, in Swedbank’s investment banking division and at the international management consultancy CIVITTA.
About Capitalica Asset Management
Capitalica Asset Management is an investment management company established in Lithuania in 2016, with assets under management exceeding EUR 270 million. The company operates in the Baltic real estate market, developing and managing commercial real estate projects with the aim of delivering long-term value to investors.
Over the past decade, Capitalica Asset Management has built substantial expertise in investment management, real estate development and capital markets. To date, the company has issued and successfully redeemed bonds worth more than EUR 69 million.
