OREANDA-NEWS. On February 01, 2007 Parex banka announced the appointment of Martins Jaunarajs as Acting Head of its Capital Markets and Investment Banking Sector, as from 1 February 2008. Mr Jaunarajs takes over from Gene Zolotarev, who is leaving the Bank, reported the press-centre of Parex banka.

Mr. Jaunarajs, who has been with Parex banka since 2001, has been a Managing Director in its Investment Banking Division since 2003. During his tenure, Mr. Jaunarajs’s Investment Banking team has arranged a number of significant bond issues, attracted syndicated loans for the needs of the clients and successfully provided M&A advisory on numerous transactions. Having commenced his banking career at AS Latvijas Universala Banka (now SEB Unibanka) in 1994, he held various positions at Hansabanka between 1997 and 2001. Mr. Jaunarajs has an MBA degree from the University of Latvia and is a Chartered Financial Analyst.

Mr Valery Kargin, President and Chairman of the Management Board of Parex banka said: “We welcome Martins to his new role and look forward to our Capital Markets and Investment Banking Sector showing further growth under his leadership. The Board would like to take this opportunity to thank Gene Zolotarev for all his work over recent years and wish him every success in his future career.”