OREANDA-NEWS. July 27, 2009. The senior management of Parex banka has held a corporate presentation for its high net worth clients in St. Petersburg, announcing further Bank’s strategy and stabilization steps, as well as informing them of the current macroeconomic trends and most attractive investment strategies in global financial markets, reported the press-centre of Parex banka.

“St. Petersburg is a strategic partner for Latvia, and we have established stable and long-term business relations with this city. We have similar mentality with Petersburg citizens, we also share the similar manner of business management and values. Parex representative office has been operating in St. Petersburg’s market for over ten years, thus, we have established a wide client base in this market. We intend not only to retain our standings and reputation of a safe and reliable bank with a professional team, but also to expand our product range, putting a special emphasis on providing investment and financial advisory services in this market.”- Roberts Idelsons, the Head of Private Capital Management Division of Parex banka, said.

The servicing and management of private capital of HNWIs, including those from the CIS, is one of the three principal directions in Parex banka’s activities. The Division serves over 40 000 private clients from over a hundred countries all over the world.