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Private banking 2012: Citadele Asset Management – Latvia

"We would like our clients to treat us as a consensus of innovation with conventionalism," says Vladimirs Ivanovs, head of private capital management of Citadele Bank and a board member of Citadele Asset Management.

"On the one hand, we are a flexible adaptive structure, adequately and rapidly reacting to all enquiries of clients. At the same time, we are valued for our integration in the all-European processes that allows our clients to use all types of global financial instruments and products with our help."

He adds: "Our distinctive feature is our ability to combine traditions of classical private banking of old Europe with enthusiasm and dynamism of a modern business environment of our countries."

This is shown in the diverse range of products that Citadele’s clients require. "Traditionally, the best-sold products are premium-class payment cards and all types of savings products ranging from term deposits to individual investment portfolios. Financial and tax consultations, life-style management, including concierge service, are highly demanded today," says Ivanovs.

"In the last year in Latvia, clients from CIS countries showed a great interest in receipt of a residence permit in Latvia by investing in Latvian real estate or business.

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