Citadele Asset Management, subsidiary of Citadele Bank, has qualified for annual award of World Finance Investment Management Awards 2011 as the most professional investment management company in the Baltic States.
“Qualification of Citadele Asset Management as one of the best investment management companies in the Baltic States proves that many market participants highly evaluate the results of our work and our experience in international financial markets. The basis of our previous success and future accomplishments is our professional team which manages to find the best investment solutions and the main task of which is to ensure our clients with high quality investment services,” says Vladimirs Ivanovs, Chairman of the Board of Citadele Asset Management.
Nominees of annual award for investment management were determined by voting which took place from June until December 2010. Citadele Asset Management qualified in top 3 among the best investment management companies.
The final decision on the award winner will be adopted by the jury of the contest and winners will be announced in July-August issue of World Finance magazine.
World Finance is the leading financial magazine in the world issued by World News Media from its Headquarters in London.
IPAS Citadele Asset Management is a subsidiary of Citadele Bank and the leading investment management company in the Baltic States. Citadele Asset Management offers asset management services for retail clients as well as corporate clients, investment funds, 2nd and 3rd level pension plans of pension system and insurance companies. Subsidiaries of IPAS Citadele Asset Management offer asset management services also for clients in Lithuania, Ukraine and Russia. Citadele Asset Management has representative offices in Kazakhstan and Belarus, as well.
In 2007, Funds Europe magazine announced Citadele Asset Management as the best specialized investment company in Europe.
About Citadele Bank
Citadele is the largest local Bank in Latvia with branch offices in other countries. AS “Citadele Banka” was established to inspire people and enterprises to growth and enhance regional development. It is the only collaboration partner of American Express® in Latvia and Lithuania who is entitled to issue American Express credit cards. Presently, 75% of its shares are owned by Privatization Agency and the European Bank for Reconstruction and Development possesses 25% plus one of its shares. The value of Citadele Bank’s assets is 1.4 billion Lats.