Girts Rungainis

Mr. Ģirts Rungainis is one of the founding Partners of Prudentia. Prior to establishing Prudentia he was one of the founding partners and the President of the German-Latvian Bank, now Swedbank, from 1992 to 1996 and the President of the Trust Commercial Bank, form 1997 to 1999. Mr. Rungainis has been a member of the Board of the Association of Latvian Commercial Banks, from 1993 to 1999 and Baltic International Airlines, as well as advisor to Prime Minister of Latvia in 1999.

Currently, he is a member of the Council of Valpro Corp - the leading fire extinguisher, fire extinguisher shell and metal canister producer in Central and Eastern Europe. Earlier, he has been the Chairman of the Council of Putnu Fabrika Ķekava from 2004 to 2005 - the largest poultry breeding and processing company in Latvia, the Chairman of the Council of the Riga Stock Exchange (1999-2000), Latvijas Krājbanka (2002), and the Latvian Shipping Company - one of the leading medium-sized tanker operators in the world - from 2002 to 2005, as well as a member of the Council of Balta, the largest insurance company in Baltics.

Mr. Rungainis has spearheaded and led a number of major transactions in the Baltics, including the sale of the German-Latvian Bank, the IPO of Balta, the sale of Latvijas Neatkarīgā Televīzija (LNT) - the largest commercial television company in Latvia, and the sale of the controlling equity stake of Lauma - the leading Eastern European lingerie company - to a financial investor, the private placement of ELKO Grupa, one of the largest IT wholesale companies in the CEE and CIS region, and the sale of JSC Lode. Mr. Rungainis has been advising Latvian government on its majority shareholding position in the leading CEE airline AS "Air Baltic Corporation". Furthermore Mr. Rungainis has led and completed sucessful investor attraction process for the largest Latvian milk processing company JSC "Rīgas piena kombināts" and has consulted purcheser in acquisition of JSC "Valmieras piens" - a leading dairy company in Latvia.