Baltic International Bank: a Newly-Composed Council Commences Its Operation

News - September 16, 2011

On 12 September 2011, the Bank’s newly-composed Council started its operation. The three-member Council now comprises Valeri Belokon, Albert Reznik and Vlada Belokon.

“The intense participation of immediate family members of the shareholders in the Bank’s business is quite a logical step in developing the family-run business. It fits in with the Bank’s overall corporate strategy directed towards ensuring a wide array of wealth management services which encompass asset structuring, wealth preservation, estate/succession planning and support for family businesses of our customers. Baltic International Bank is Latvia’s first ever bank to purposefully pursue (since 2009) the concept of family wealth management. It should be noted that personalised wealth management services are gaining an ever-growing popularity -- the bottom line is that banking products are tailored specifically to meet individual needs of each family,” the Board Chairperson Ilona Gulchak emphasises.

Vlada Belokon has been actively engaged in the family business since 2007 through participating in the work of the Bank’s organisational entities and contributing to the Bank’s international-level projects. Since 2009, Vlada Belokon has been serving on the Council of Belokon Holding (JSC).

Currently, the Bank’s major shareholder and founder Valeri Belokon spearheads the Council as Chairperson with Albert Reznik as Vice Chairperson. Albert Reznik was appointed as Vice Chairperson on 15 September 2010 and holds the post of Chief Information Officer (CIO). The newly-appointed Vlada Belokon took on Council-related responsibilities with effect from 12 September 2011. The newly-composed Council was elected for a 5-year term by the Bank’s General Meeting of Shareholders on 19 August 2011.

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