Citadele Asset Management, a subsidiary of the Latvian state-owned Citadele Bank, has appointed Valters Abele to its council. Abele is responsible for risk analysis functions at Citadele Bank, where he runs the risk and compliance department. Previously Abele managed the credit risk department at Parex banka and has worked at Ernst & Young. Juris Jakobsons, chairman of the council, and Philip Nigel Allard, deputy chairman, will continue in their roles.