CBL Asset Management

CBL Asset Management is a money management firm based in Riga, Latvia. Established in 2002 as Parex Asset Management and then the name changed to Citadele Asset Management, the firm is a wholly-owned subsidiary of Citadele Bank. It is an investment management company in the Baltic countries and provides the following services - state-funded pension plan management, proprietary investment fund management, and portfolio management for private, corporate, and institutional clients, both local and international. The assets of the firm are managed by the board of directors.