Citadele Bank

On the expansion of the Supervisory Board of “CBL Asset Management” IPAS

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CBL Asset Management IPAS (hereafter – the Company) announces the change in the Company’s Supervisory Board effective from September 30, 2015 resolved by Citadele Banka AS.

The Company’s Supervisory Board has been elected as follows: Juris Jakobsons, Chairman of the Supervisory Board; Vladimirs Ivanovs, Deputy of the Chairman of the Supervisory Board; Aldis Paegle, member of the Supervisory Board; Peter Meier, member of the Supervisory Board. Juris Jākobsons, Vladimirs Ivanovs and Aldis Paegle were already Supervisory Board members, while Peter Meier was elected for the first time.

Peter Meier is a MAS Financial Consulting lecturer at the Zurich University of Applied Sciences within the School of Management and Law, Centre for Asset Management. He has more than 30 years of experience in asset management in Swiss financial institutions and he is a member of supervisory boards of several local asset and fund managers as well as a member of pension plan investment committees.

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