Appointment of the Chairman of the Board of the “CBL Asset Management” IPAS

„CBL Asset Management IPAS (hereafter – the Company) announces the appointment of the Kārlis Purgailis as the Chairman of the Board of the Company is effective from September 08, 2017.

Kārlis Purgailis has 17 years of work experience in finance sector by providing asset management and finance markets related services for several banks of Latvia. He began his finance carrier in 2000 as a finance analyst at the AS "Parex banka". In 2007 he managed brokerage and asset management units, as well was performing management of investment portfolios and pension plans in VAS "Latvijas Hipotēku un zemes banka". During 2009-2012 and 2012-2014 K.Purgailis managed asset management units in AS "Latvijas pasta banka" un AS "GE Money Bank". From 2014 to 2015 K.Purgailis worked in AS "SEB banka", being at charge for development of investment and savings products. In 2015 he joined AS “Citadele banka” and until now has been head of the Treasury unit. K.Purgailis holds master’s and bachelor’s degrees in management from University of Latvia.

From now on the Board of the „CBL Asset Management” IPAS is constituted from Chairman of the Board Kārlis Purgailis and already existing Members of the Board Zigurds Vaikulis, Andris Kotāns un Lolita Sičeva.