OREANDA-NEWS. October 04, 2010. The senior management of Citadele Private Capital Management Division and Citadele Asset Management are to change as Roberts Idelsons is planning to pursuit new professional challenges and will leave all his positions at Citadele as of 1 November 2010. It is foreseen that Vladimirs Ivanovs, who currently is Vice President and Deputy Head of the Private Capital Management Division, will take R. Idelson’s position at bank Citadele, reported the press-centre of Citadele.

Idelsons says that since the successful restructuring of the Bank, Citadele has stabilised its operations and has a clear prospect for further development, he has decided to accept a new private sector position at an international level.

Citadele Asset Management is the leading investment management firm in the Baltic States. The company offers asset management services to individuals, corporate clients, investment funds, 2nd and 3rd level pension plans and insurance companies. The subsidiaries of Citadele Asset Management offer asset management services to clients in Lithuania and Ukraine. While Private Capital Management Sector of Citadele provides services to wealthy clients from the Baltic States and the CIS, offering a full range of banking services in the area of private capital management.

About bank Citadele
Bank Citadele has been established with a view to inspire people and businesses for development and facilitate growth of the region. The Bank provides excellent client service and a variety of services for individuals, businesses and wealth management clients. Bank Citadele is the exclusive partner of American Express® in Latvia and Lithuania entitled to issue American Express credit cards. 75% of the Bank’s shares are held by Privatization Agency, while the European Bank for Reconstruction and Development (EBRD) owns 25% plus one voting share. The total assets of the Bank reach LVL 1.5 billion. Moody’s has assigned the Bank long term rating Ba3.