Advanzia Bank, the European digital bank specialising in credit cards and payment solutions, has appointed Nishant Fafalia, who has served as interim Chief Executive Officer since the start of 2023, as its permanent CEO. His appointment has been approved by the CSSF. Nishant Fafalia has a deep knowledge of Advanzia, having been an Investment Director at Kistefos AS (Advanzia’s majority shareholder) since 2010, and a member of the Board of Directors of Advanzia Bank since 2016. He holds a Master of Science degree from Lund Institute of Technology and a Master of Science degree from Lund University School of Economics & Management.