OREANDA-NEWS. August 05, 2010. In accordance with the decision passed by Members of Parex banka's Council Christopher John Gwilliam, Solvita Deglava and Jurijs Adamovics * - three highly qualified professionals with notable experience in the financial sector - were elected in the bank's Board. The new Members of the Board will assume their posts 1, reported the press-centre of Parex Banka.

Mr. C. J. Gwilliam began his career with Midland bank in 1972. Mr. Gwilliam's field of expertise is an extensive one – loan issues as well as consultations especially on bank privatization and corporate markets. Christopher John Gwilliam has significant experience in banking spheres related with rehabilitation, recapitalization as well as other change management processes in banks.

Solvita Deglava started working for Parex banka in 2008, assuming the post of Acting Chairman of Audit Committee. Since March 2010, Ms. Deglava is Head of Financial and Administration Department and she is also in the post of Deputy Head of Loan Restructuring Directorate. Prior to joining Parex banka, she has acquired extensive experience in auditing and financial management, working in such companies as PricewaterhouseCoopers and Latvijas Kugnieciba. Professional activity of Ms. Deglava is related with provision of consultations in financial and tax issues, financial risk management, attraction and control of loans, financial assessment of financial investment projects as well as other matters. She is a member of Association of Certified Chartered Accountants, the UK since 2001.

Jurijs Adamovics, on his part, has been an advisor to Board of Directors of EBRD (European Bank for Reconstruction and Development) in London where he consulted Finnish, Norwegian and Latvian government representatives on issues related with strategic and operational management of banks; he has worked in audit, budget, financial activity and policy committees. Mr. Adamovics has run a group of advisers for assessing internationally significant restructuring project solutions. Prior to that, Mr. Adamovics worked for the Ministry of Finance of the Republic of Latvia in the post of International Finance Department Director.