New members appointed to AS “Citadele banka” Supervisory Council

19.12.2016

Two new members have been elected in AS Citadele banka” Supervisory Board - Nicholas Haag and Karina Saroukhanian. The newly elected members start their duties as of 19 December 2016, after receiving Financial Capital Market Commission’s approval.

Nicholas Haag is an independent non executive director and chairman of the audit committee of TBC Bank Group PLC, the largest Georgian bank. He is an INED and chairs the audit, risk and compliance committee of Bayport Management Ltd., the holding company for a leading African and Latin American financial solutions provider. Prior to that, he was a Member of the Supervisory Board of Credit Bank of Moscow PJSC.  Mr. Haag has a 30 year banking career, half at Managing Director level, with various financial institutions including Barclays, Banque Paribas, ABN AMRO and Royal Bank of Scotland, specialising in technology finance and equity capital markets.  Mr. Haag holds a First Class Honours Degree from the University of Oxford. Nicholas Haag does not hold shares in AS Citadele banka

Karina Saroukhanian is a senior banker in the Financial Institutions Team at the EBRD. She has over 15 years’ industry experience, with recent focus on financial institutions sector. At the EBRD, Karina specialises in complex equity transactions, working with financial sponsors in multiple jurisdictions. Prior to joining the EBRD Karina was an Associate Director in the M&A group at Nomura International in London and a Vice President at Sindicatum, a specialist financial advisory and asset management firm. Karina holds an MSc in Economics from the London School of Economics and the New Economic School, Moscow as well as Bsc in Mathematical Economics from the Moscow State University. Karina Saroukhanian does not hold shares in AS Citadele banka.

Ilona Fridmane
Head of Investor Relations
Telephone: +371 67010183
E-mail: IR@citadele.lv

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