Team | Apollo Capital

Magnus Thor Jonsson

Career spanning 30 years in finance, taking on executive roles such as chairman, CEO and board member.
Magnus, leading as a chairman, built up the world’s largest plastic roto moulding company by implementing the buy and build strategy.
Success in renewable energy investments, notably achieving more than 400% ROIC on an acquisition of one of the world’s largest geothermal drilling company.
Orchestrated major deals, including chairing the Enex China agreement for the world’s largest geothermal district heating company.
He has been instrumental building up various kind of businesses based on the buy and build strategy, among other things, in Europe, the U.S. and Asia.

Studied business and economics at University of Iceland, MBA at Stanford and A.I. at M.I.T.

Gudmundur has 30+ years of experience in energy & utilities. Gudmundur previously held positions such as CEO of Orkuveita Reykjavíkur, Chairman of Iceland Drilling, and Board Member of Enex and Enex China.
During his carrier as CEO he strongly supported new areas in geothermal development, such as very deep drilling, new drilling technologies and RD support to universities.
Gudmundur is among a handful of CEOs in the world who succeeded in commissioning annually 50-100 MW of new geothermal power. This unique success rate can largely be attributed to his thorough understanding of the geothermal value chain.
Gudmundur is currently leading geothermal projects for Saudi’s Aramco in Saudi Arabia.

30+ years banking experience split between Investment Banking, Private Banking and Wealth Management.
Recently worked at HSBC Private Bank and Lombard Odier, managing over $5 billion of assets for Ultra-High-Net-Worth
Individuals.
Previously spent 27 years working for Credit Suisse in London in various roles, mainly as a Senior Associate in a team managing over $2 billion of assets for UHNW entrepreneurs, business owners and institutions.

Investment Advice Diploma from the Chartered Institute for Securities & Investments.