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Banking | Finance 2025: SJOLUND, MARTIN
PRESIDENT AND CEO, PRA GROUP, NORFOLK/LONDON
Virginia Business //September 2, 2025//
Banking | Finance 2025: SJOLUND, MARTIN
PRESIDENT AND CEO, PRA GROUP, NORFOLK/LONDON
Virginia Business //September 2, 2025//
In June, Sjolund began his tenure leading PRA Group, a global business that acquires and collects on nonperforming loans. Earlier this year, a PRA spokesperson noted that Sjolund planned to split his time between London and PRA’s Norfolk headquarters. He succeeds Vikram Atal, who retired after serving as PRA’s president and CEO since 2023.
Sjolund had previously served since 2018 as president of PRA Group Europe, where he oversaw nearly $3 billion in portfolio investment. In 2023, his role expanded to include responsibility for PRA’s interests in Canada and Australia.
He joined the company in 2014 after PRA Group acquired Aktiv Kapital, where Sjolund was director of group strategy and corporate development. From 2015 to 2018, he was PRA Group’s chief operating officer for Europe.
With more than 3,000 employees worldwide, PRA Group reported $1.1 billion in 2024 revenue, with annual portfolio purchases of $432.7 million and cash collections of $468.1 million.
Sjolund has a degree in international business from Georgetown University and an MBA from the University of Chicago.
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