Saeima appoints Santa Purgaile as FCMC head

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On Thursday, 24 October, the Saeima appointed Santa Purgaile as the Chairperson of the Financial and Capital Market Commission.

Santa Purgaile got the highest assessment score in the public competition held by the Cabinet of Ministers for the head of the FCMC.

Previously, Santa Purgaile had been the corporate business director at AS “Citadele Banka” and co-chair of Finance Latvia Association’s Credit Committee, as well as worked in AS “SEB Banka”. Santa Purgaile holds a master degree in international economics and business.

In accordance with amendments to the Law on the Financial and Capital Market Commission adopted by the Saeima in June of this year the candidate for the position of FCMC chairperson shall be selected in a public competition by the Cabinet and approved by the Saeima for a five-year term of office following the recommendation of the Cabinet.


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