OREANDA-NEWS. October 21, 2010. Uldis Dzenitis, a highly qualified expert in security matters, has joined the team of Parex banka. He is one of the creators of the Constitution Protection Bureau of Latvia (CPB), whose advice, given his unique expertise in the legal matters related to the national security, has been highly appreciated and demanded in other state security institutions as well, reported the press-centre of Parex Banka.

U.Dzenitis has a wealth of experience as the deputy director and acting senior deputy director of the CPB (1995-2010). He has previously worked as a prosecutor in Riga and as deputy state secretary of the Latvian Ministry of Justice (1992-1994, 1994-1995). Prior to that, he was a prosecutor in Valka District and a prosecutorial investigator in Cesis District.

U.Dzenitis will head the Security Sector of Parex Banka and he will be responsible for the internal security matters, as well as the protection of the bank’s economic interests.

“I am delighted that such a knowledgeable and experienced specialist is joining our team. Given the specifics of Parex Banka, which has to do with the recovery of substantial amounts of funds in a way that will unquestionably affect certain economic interests, we can expect that our efforts to recover the state investments will face serious opposition, that’s why economic security issues are of vital importance to us,” says Chris Gwilliam, Chairman of the Executive Board of Parex Banka.

“Employees are the foundation of any company’s success, and I dare to say that in the case of Parex Banka, this is a factor that is of particular importance, because recovering the state funds will largely depend on the professionalism and performance of Parex Banka’s employees. If we are to achieve the bank’s goals, we need only outstanding employees,” underlines C.Gwilliam.

U.Dzenitis’ professionalism is confirmed by the fact that he holds the Order of Viesturs, Second Class, the Gold Medal of Honour of the Latvian Security Police, a medal from the defence minister for facilitating Latvia’s membership in NATO, and a medal of honour for his investment in the development of the Military Counterespionage Service.