OREANDA-NEWS. On June 29, 2009 New Supervisory Council of Parex banka was elected during the annual General meeting of the Bank’s Shareholders. In accordance with the resolution made during the meeting the following members are elected to Parex banka’s Council – Andzs Ubelis, Michael J. Bourke, Laurence Phillips Adams, Kaspars Abolins and Carl Hakan Kallaker, reported the press-centre of Parex banka.

Representative from the EBRD, Laurence Phillips Adams was elected to Parex banka’s Council. L.Adams is a lawyer specializing in banking with a 25-year experience in financial sector; he has worked for such foreign financial institutions as ABN AMRO and Citibank.

Similarly, Michael Bourke, a former long-term president of Rietumu banka, was also elected to Parex banka’s Council. M.Bourke has an extensive experience working for the Central Bank of Ireland, International Monetary Fund and NCB Group. M.Bourke is a member of FCCA.

Furthermore, General meeting approved Parex Group’s Consolidated Annual Report 2008, elected an auditor for the next reporting periods and made amendments to the Articles of Association of Parex banka.