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Changes in the Management Board of Baltic International Bank

News - August 29, 2019

We announce that Management Board member Guntars Reidzāns ends his employment with Baltic International Bank on 30 August 2019. Thereafter, Mr Reidzāns intends to continue his professional career in investment and financial consulting. G.Reidzāns joined Bank’s executive team in October 2017 and took the lead for customer service. In June 2018, Bank appointed G. Reidzāns as a member of the Management Board. Viktor Bolbat, Anda Saukāne and Bogdans Andrushchenko remain the current members of the Management Board.

Guntars Reidzāns played a critical role in steering processes aimed at reshaping Bank’s activity and in bringing Bank’s new strategy to life. Bank achieved considerable progress in implementing the new business model, improving customer service model and enhancing service levels overall.

“On behalf of Bank’s senior management, I would like to sincerely thank Guntars Reidzāns for his dedicated service and valuable contribution to Bank’s progress and development of the new business model in an effort to put Bank firmly on track towards its target of becoming the leading investment bank in the Baltic Region. I wish him the best of luck in his new endeavour to develop private business,” the Chairperson of the Management Board Viktor Bolbat says. Viktor Bolbat emphasises that during this transition period, it is the management team’s priority to find the best individual to lead the Customer Service Department and Management Board member to take on responsibility for the business area, while still maintaining a stable and effective customer service offered by Bank.

To ensure that Bank follows a transparent and unbiased recruitment and selection process that results in the appointment of the new Management Board member who meets the professional qualification requirements and possesses the necessary knowledge, experience, expertise and skills, the senior management organises the selection process in liaison with a professional recruiting firm. Bank will announce the name of the new Management Board appointee after:

  • Bank has completed the assessment of the selected candidates,
  • Bank’s Supervisory Board has made the appointment decision, and
  • Bank and the Financial and Capital Market Commission of the Republic of Latvia have mutually arrived at the opinion that candidate is right and suitable for the post of a member of Bank’s Management Board.
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