The Council of ABLV Asset Management, IPAS, has approved the new Board of the company. The new Board took office on 15 November 2013. The changes were affirmed by ABLV Bank, AS, Board, as well as permission of the Financial and Capital Market Commission was obtained.

Two members of ABLV Asset Management, IPAS, Board were reappointed: Leonīds Kiļs will continue to be the Chairman of the Board, and Jevgenijs Gžibovskis - the Deputy Chairman of the Board.

The new member of ABLV Asset Management, IPAS, Board is Sergejs Gačenko, instead of former Board member Vadims Burcevs. Sergejs Gačenko joined ABLV Asset Management, IPAS, in July 2012 and he is government and corporate bonds mutual funds manager.

ABLV Bank, AS is the largest independent private bank in Latvia. The bank’s majority shareholders — Oļegs Fiļs, Ernests Bernis and Nika Berne – directly and indirectly hold 86% of the bank's voting share capital. ABLV Group includes ABLV Bank, AS; ABLV Bank Luxembourg, S.A.; ABLV Capital Markets, IBAS; ABLV Asset Management, IPAS; Pillar Holding Company, KS; ABLV Consulting Services, AS; ABLV Corporate Services, SIA; New Hanza City, SIA, and other companies. ABLV Group has representative offices in Moscow, St. Petersburg, Yekaterinburg, Kiev, Odessa, Minsk, Almaty, Dushanbe, Baku, and Tashkent.

         Ilmārs Jargans
         
         Head of Public Relations Department
         ABLV Bank, AS
         Tel.: +371 6777 5296
         e-mail: ilmars.jargans@ablv.com