" class="no-js "lang="en-US"> Ledgy hires Svein Petter Undheim as Head of Financial Reporting
Monday, April 15, 2024

Ledgy hires Svein Petter Undheim as the company’s first Head of Financial Reporting

European equity management platform Ledgy has hired Svein Petter Undheim, an executive with almost two decades’ experience in enterprise share plan management, as the company’s first Head of Financial Reporting.

As companies around the world distribute equity to more employees, it becomes more complex to manage the accounting, reporting and compliance implications. Companies approaching inflection points such as internationalisation, IPOs or acquisitions must be confident their equity and share plan management is compliant with regulations wherever they operate.

Svein’s hire comes as Ledgy builds out its leading suite of reporting tools, which allow companies to complete filings to tax authorities and manage international accounting more quickly and easily. Recently, Ledgy launched share-based payments reporting compliant with IFRS 2 accounting guidelines for its Enterprise customer segment.

Svein joins Ledgy from Computershare, where he served as Head of Financial Reporting Products from 2018 following Computershare’s acquisition of Equatex, where he was Financial Reporting Competence Center head. He joined Equatex, formerly the equity and share plan business of UBS, in 2015 shortly after Equatex’s acquisition of Accurate Equity, where he latterly served as Chief Product and Business Development Officer.

Ledgy CEO Yoko Spirig said: “I’m excited to welcome Svein to Ledgy. His extensive experience solving complex equity challenges for mature businesses in Europe and beyond will help us accelerate our work building best-in-class financial reporting and compliance infrastructure for our customers.

“Ledgy already works with some of the world’s most sophisticated and innovative tech companies, such as Getir, Tide, Motorway and Airwallex. As our customers grow and scale internationally, they confront new challenges around international accounting and financial reporting. Svein’s leadership will help our customers get this important work done quickly and simply while remaining compliant with international regulations.”

Svein said: “We are at a very exciting time for equity in Europe, but scaling companies need to be on top of international reporting and accounting requirements. Overall, accounting standards are necessary to ensure that financial information is accurate, consistent, and transparent. By building best-in-class compliance infrastructure, we can help customers be confident in their financial reporting, which is essential for investors, regulators, and other stakeholders.

“We have the opportunity to significantly ease our customers’ workloads, across many teams from finance, tax and accounting through to legal and operations. I am excited to partner with Ledgy’s founders Yoko, Ben and Timo, and I can’t wait to contribute to the excellent work of our product and go-to-market teams.”

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