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PXS: Amendments in the composition of the Council of "Citadele Asset Management" IPAS

Spekuliantai.lt | 2012-03-15 | NASDAQ OMX biržų naujienos | perskaitė: 668
Raktiniai žodžiai: Parex Asset Management IPAS, PXS
PXS: Amendments in the composition of the Council of "Citadele Asset Management" IPAS

Citadele Asset Management Changes board/management/auditors 15.03.2012

Amendments in the composition of the Council of "Citadele Asset Management" IPAS

„Citadele Asset Management” IPAS (hereinafter – Company) hereby informs that on
January 31, 2012 the wholly owned subsidiary of the Company was adopted the
amendments in the composition of the Council of the Company.
The Council of the Company currently consists of the following elected members:
Juris Jakobsons, Philip Nigel Allard and Valters Abele. Juris Jakobsons
(chairman of the Council) and Philip Nigel Allard (deputy chairman of the
Council) will continue to perform their duties in the Council.
Valters Abele (Council member) is a newly elected in the Council. Valters Ābele
is responsible for risk analyses functions at Citadele Bank. He runs Risk and
Compliance Department. Previously Mr. Ābele managed Credit Risk Department at
Parex banka and he was also elected in Parex banka’s Board of Directors in
2008. Valters Ābele has acquired extensive experience in auditing and financial
consulting at such companies as Ernst & Young and Arthur Andersen. He is a
member of Latvian Association of Sworn Auditors and Association of Chartered
Certified Accountants. Mr. Ābele acquired his master degree in business
management and international economic relations at the University of Latvia.
Philip Allard is responsible for financial management of the group Citadele. He
has more than 25 years of experience in the financial sector and he has worked
both in banks and insurance companies. He has had a number of CFO and FD roles
for 19 years in Citibank as well as with the Aviva insurance group and ABN Amro
bank. Philip Allard joined Parex banka in May 2010 to drive the bank’s
restructuring process and to oversee the finance and treasury functions. After
completion of the restructuring process, he joined the management board of
Citadele Bank.

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