"Pirma Banka is striving to become one of the top five leading universal commercial banks in Latvia within the next few years," Machalett said.
"Pirma Banka will be a local Latvian bank with a German flavor and support, and take advantage of the specialized industry and product knowledge of its main shareholder, Norddeutsche Landesbank of Germany, with the aim to offer its clients tailor-made products and services at competitive prices."
David Morris, 34, has become the new sales director of the Radisson SAS Daugava Hotel in Riga.
Morris has 10 years of international experience in the hotel industry, including assignments in the United States, Russia and Kazahkstan. He graduated from the University of Minnesota in the United States.