Citadele Bank

Kārlis Purgailis will take on the role of Chief Economist at Citadele Bank

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Kārlis Purgailis, Chief Economist of Citadele

Citadele is pleased to announce the appointment of Kārlis Purgailis as the new Chief Economist. Kārlis Purgailis brings a wealth of experience and expertise to his new role, having served as the Chairman of CBL Asset Management, a position he will continue to hold. 

Rūta Ežerskiene, CEO of Citadele bank: “Kārlis Purgailis’s appointment as Chief Economist is a testament to Citadele’s commitment to nurturing its talent and fostering expertise. With his vast experience and a dedicated team, Kārlis is poised to excel both as a leader and an economic expert. The position of Chief Economist is crucial for ensuring that Citadele and the businesses that depend on our expertise are well-informed and making sound business decisions.” 

Kārlis Purgailis, Chief Economist of Citadele: “I am deeply grateful to the Management Board for this opportunity, as I recognize the significant value, I can contribute to this role. I am no stranger to analyzing complex financial processes and explaining them to the public. I see that this skill is crucial for Chief Economist role. Clarifying economic issues helps companies and society work together to improve everyone’s well-being.” 

Citadele also extends its heartfelt gratitude to long-term economist Mārtiņš Āboliņš for his nine years of dedicated service and commitment to the bank. His contributions have been invaluable, and we wish him all the best in his future endeavors.