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Solveiga Karele Grenardi board member

"When a company is in a dynamic stage of development it is important to continuously monitor and analyze the results of growing sales and the real financial benefits of new business direction."


Find out how to solve this problem:

We want to open a new store/restaurant but we are not sure whether we need it. We need to understand what the return on investment would be and what volume we need to make it profitable."  Solution...

About us

AG Capital is a financial services and advisory firm providing Chief Financial Officer services to small and medium sized enterprises throughout Europe. We specialise in working with companies that do not have their own CFO or who have specific problems that require the expertise of a highly trained financial specialist.

Our primary services are; financial planning (budgets and analysis, profitability calculations, results analysis and presentation of enterprise monthly performance), raising secured funding and selection of banking services.



Andrew Grigolyunovich, CFA - Founder and Chairman of the Board.

Andrew is a CFA charterholder (Chartered Financial Analyst). Currently Andrew is ranked #22 worldwide for financial modelling (see the full rankings here).

Before the establishment of AG Capital, Andrew was the CEO at the Baltic's leading jewelry trading company Grenardi Group, CFO at SIA DT Mobile, the largest mobile phone network in Latvia, (now a subsidiary of Telia Sonera), as well as credit manager at Swedbank's large manufacturing company department.

Andrew received a Bachelor's degree at the Stockholm School of Economics in Riga and a Master's degree at BA School of Business and Finance .


Vadims Sokolovs, Financial Analyst

Vadims graduated from the Stockholm School of Economics in Riga and was awarded with a bachelor's degree in economics and business administration specializing in finance and economics.

Before joining AG Capital, Vadims was the financier in one of the leading architectural bureaus in Latvia and a credit specialist in credit department of JSC TRASTA KOMERCBANKA. Besides that, Vadims worked in business and financial advisory field and attracted the financing of the EU structural funds as well as bank financing.



Arnis Jakovels, Financial Analyst

Arnis joined AG Capital team in 2015. So far, more than 8 years spent in the banking sector, working as a credit analyst in DNB bank and Danske bank. The main duties were related to Latvian companies and sectoral analysis and risk assessment.
Arnis has acquired the Stockholm School of Economics bachelor's degree in economics and business management.

Aleksey Prigogine, Financial Analyst

Alexey has obtained a bachelor's degree in economics, finance and business administration from Stockholm Schools of Economics in Riga and an MBA degree from Swiss Business School.

Alexey has extensive experience in M&A deals and capital attraction, as well as in the field of bank lending and related financial analysis.

Sergejs Shepovalovs, Attraction of funding

Serges has more than 20 years of experience in the banking sector, including working with large corporate clients of JSC "SEB banka", JSC "Swedbank". It was obtained by unique practical experience with complex project financing, restructuring and complex situations in question.
Serges is one of the few specialists in Latvian trade finance. Knowledge and extensive practical experience is obtained by running the JSC "Baltikums Bank" Finance Board.
In recent years, Serges continued to engage in fund raising for business projects in various fields, including trade finance, agriculture / processing industry, real estate projects, technologically complex and intensive production projects.
Serges has acquired higher education in an economy of Riga Technical University. His level of education increased by studying in faculty of mechanics and engineering. Latvian University has acquired him a professional appraiser certificate.