On April 8, 2010 an extraordinary shareholders meeting of Hipotēku banka elected Andžs Ūbelis as a deputy chairman of a council to a period of 3 years.

From July 2008 Andžs Ūbelis takes a position of  deputy director of  the board of directors of European Investment bank, from June 2004 –  deputy of Secretary of State in Ministry of Finance. From December 2008 till April, 2010 he took a position of chairman of a council in Parex banka.