OREANDA-NEWS. March 27, 2008. Mr. Martinsh Jaunarajs, Senior Vice President, Global Head of Capital Markets and Investment Banking division at Parex banka has been elected as the Chairman of the Council at the Bank's subsidiary, Parex Asset Management.

The former Chairman of the Council at PAM was Gene Zolotarev, who has resigned from all his positions within Parex Group in January 2008.

The members of the Council at Parex Asset Management also include Valdis Birkavs (Deputy Chairman of the Supervisory Council, Parex banka), Eriks Brivmanis (Senior Vice President, Finance and IT, Parex banka), Leonids Jamroziks (Head of CIS and CEE representation department, Parex banka), Arvids Sipols (Vice President, Capital Markets, Parex banka) and Roberts Stugis (Vice President, Finance and Accounting, Parex banka).