On September 6 Citadele bank's Supervisory Council approved the new Supervisory Council for bank's subsidiary company Citadele Asset Management. Juris Jākobsons has been elected as Chairman of Supervisory Council while Aldis Paegle, Anatolijs Fridmans and James Russel Breiding are elected as members of the council. The Supervisory Council has been approved for a term of five years. A.Fridmans and J.R.Breiding have worked on Citadele Asset Management Supervisory Council before while Citadele bank's chairman of Management Board Juris Jākobsons and Interim Head of Sector of Finance and Treasury Aldis Paegle have joined the Supervisory Council on September 6. J.Jākobsons and A.Paegle will substitute previous members of the council Nils Melngailis and Solvita Deglava. The Management Board of the sole shareholder of Citadele Asset Management - bank Citadele decided to elected a new Supervisory Council of Citadele Asset Management on August 31. Roberts Idelsons works as the chairman of Management Board of Citadele Asset Management along with members of the board Zigurds Vaikulis, Igors Makarovs, Igors Petrovs and Elena Coleman. About Citadele Bank: Citadele Bank has been established to inspire the growth for people and enterprises and to enhance regional development. The Bank strives to ensure outstanding customer service and provide a wide range of retail services, as well as services for enterprises and private capital management clients, and to attract excellent and experienced clients and customer service staff. Citadele Bank is an exclusive dealer of American Express® in Latvia and Lithuania entitled to issue American Express credit cards. 75% of the Bank's shares are held by Privatization Agency, while the European Bank for Reconstruction and Development (EBRD) owns 25% plus one voting shares.