Citadele Bank

Citadele Asset Management Qualifies for Most Professional Investment Management Company in the Baltic States Award

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Citadele Asset Management, a subsidiary of Citadele Bank, having received a substantial amount of votes from the audience of the international financial magazine World Finance, ranks among top three asset management companies in the Baltic States and is nominated for the award of World Finance Best Investment Management Company of the year 2012, Baltic States.

“I am glad that the audience of World Finance magazine has recognized Citadele Asset Management as one of the best asset management companies in the Baltic States for the second year in a row. Our strategy is developing a long-term relationship with clients, based on mutual trust, and offering clients innovative and competitive products, and simultaneously paying special attention to risk management. This strategy has proved its worth several times in the present changing economic situation, and it has resulted in top profitability indices on the market in both – management of pension funds and other investment instruments. Our strengths are the most diversified range of investment funds, specialization in East European markets and the professional team that has acquired experience also while working in the leading Baltic and foreign financial institutions,” explains Vladimirs Ivanovs, Chairman of Citadele Asset Management.

The audience of World Finance magazine determined the nominees for the annual prize in asset management. Voting took place from August 2011 until January 2012; all asset management companies which conduct business in the Baltic region were welcome to apply for the award.

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 one of the leading investment management companies in the Baltic States. Citadele Asset Management offers asset management services for local and foreign clients, in both – retail and corporate segment, investment funds, as well as 2nd and 3rd level pension plans of offered by the pension system and insurance companies. In Latvia Citadele Asset Management offers asset management as well as life insurance services; the latter are provided by Citadele Life, a subsidiary of Citadele Asset Management.

Subsidiaries of IPAS Citadele Asset Management offer asset management services also in Lithuania and Ukraine. The company also has a representative office in Kazakhstan. Citadele investment funds are registered for public offer also in Moscow, St. Petersburg, Kiev, Almaty and Minsk.