Veikta izmaiņa: pievienota angļu valoda On August 21, 2009 the investment management company Parex Asset Management (PAM) was issued a license to register its representative office in the city of Minsk. Belarus is the fourth CIS country where PAM is represented. The company aims to develop its international business, including the former Soviet Union region, by offering its clients a wide range of financial solutions and Parex investment products. The main areas of business for the representative office shall be investment management advisory, market research, as well as promotion of investment opportunities in the Baltics and Eastern Europe. Chairman of the Board of Parex Asset Management, Mr. Roberts Idelsons comments: “We consider Belarus as a very attractive region in terms of its investment potential and in terms of our offered product range. Our presence here will definitely strengthen our standings in the asset management market. We will offer customers innovative and competitive products, as well as professional financial advisory, built on our longstanding work experience in Eastern Europe.” Parex Group has been represented in Belarus for 16 years, with the first Parex banka's foreign representative office being opened in Minsk in 1993. The Bank's subsidiary, Parex Leasing, has also been successfully operating in Minsk since 2005. The address of the representative office is: 5 Melezha Str., 2nd building, office 809, Minsk, 220113 About Parex Asset Management: Parex Asset Management (PAM) is the leading investment management company in the Baltic region. PAM offers a complete range of asset management services for both local and international clients - private persons, corporate clients, investments funds, as well as pension plans of the 2nd and 3rd level of pension scheme and insurance companies. The subsidiary companies of PAM provide asset management services also to its clients in Lithuania, Russia and Ukraine. Company representative offices operate also in Kazakhstan and Belarus. In 2007 company Parex Asset Management was announced as Best Specialized Investment Management Firm in Europe by magazine Funds Europe. About Parex banka Parex banka was found in 1992. More than 2200 people are currently employed in the branches and client service centers. The representative offices, branches and subsidiaries of the bank are located in 15 countries, including the branch offices in Berlin, Stockholm, and Tallinn. Parex Bank is an exclusive authorized issuer of American Express credit cards in Latvia and Lithuania. 95.3% of Bank's shares are currently owned by Latvian Privatization Agency.
Parex Asset Management extends its presence in CIS and opens a representative office in Minsk
| Source: Citadele Asset Management