Banks, Financial Services, Latvia

“Baroness Ashton’s international experience will naturally complement and add to the global expertise of Citadele’s supervisory board members. Citadele’s management board look forward to working with Baroness Ashton and her unique knowledge and insights will be a gain for the Bank. We welcome her to the team,” says the Citadele’s CEO Guntis Beļavskis.

Baroness Ashton most recently served as the EU High Representative from 2009-2014, where she visited over 100 countries, leading diplomatic missions such as being responsible on behalf of the UN Security Council for negotiations with Iran, and concluding negotiations between Serbia and Kosovo. Baroness Ashton is currently involved in a number of advisory and lecturing assignments.

Baroness Ashton will join Citadele’s current supervisory board, represented by its members Timothy Collins, Elizabeth Critchley, Lawrence Lavine, James L. Balsillie, Dhananjaya Dvivedi, Karina Saroukhanian, Nicholas Haag, and Klāvs Vasks.

Citadele is the third biggest bank in Latvia by number of clients. The Citadele Group is managed from Latvia, and its subsidiaries and branches operate in Latvia, Lithuania, Estonia and Switzerland. Citadele ensures transactions and card payments, loans, deposits, investments, asset management and leasing services, as well as a range of exclusive and unique products.

Citadele’s shareholders are an international and multinational group of investors with experience in the banking sector worldwide. 75% plus one share belongs to a group of international investors represented by the investment company Ripplewood Advisors LLC, while the remaining shares belong to the European.