Rait has been working for Swedbank Group over 14 years in different positions both on the business and risk side. During the last financial crises he worked in a specialised financial restructuring unit. Currently he is a member of the management Board of Swedbank Estonia and has been heading a credit and operational risk division in Estonia for last 5 years. Before joining Swedbank Group he was working in different positions for If P&C Insurance company which belongs to Finnish Sampo Group. Rait has graduated Estonian Business School in Business Administration and holding MA degree in Banking from Tallinn Technical University. He has been a member of Estonian Ski Federation over 5 years and active in all kinds of endurance sports including cross-country skiing, triathlon and rogaining.