OREANDA-NEWS. October 04, 2010. In accordance with Parex banka’s status and business strategy, its Board has carried out structural and organizational changes necessary for the bank. In order to ensure efficient activity and prevent duplication of the bank’s functions, responsibility areas of Members of the Board have been defined clearly, reported the press-centre of Parex Banka:

Christopher Gwilliam, Parex banka’s Chairman of the Board, will be in charge for management of the Board, determining the bank’s strategic activity, administering restructuring issues and supervising the bank’s representative and branch offices in Latvia as well as abroad,

Finance, risk management and operational directorate will be under direct supervision of Solvita Deglava, Parex banka’s Board Member, and her spheres of competency will be settlement of financial issues, supervision of the bank’s IT matters, supervision of personnel-related issues, administration and control of loans as well as administrative matters,

Jurijs Adamovics, Parex banka’s Board Member, will be responsible for the bank’s legal issues, restructuring of CIS loans, management of overtaken assets, corporate communications and matters related with minority shareholders.