Master of Science in Physics, University Umea, Sweden, 1994. Master of Science in Economics, University Latvia, 1999.
Head investment strategy and planning department Parex Bank, Riga, Latvia, 1999—2001. President Parex Asset Management, Latvia, since 2002. Member supervisory council Riga Stock Exchange, since 2000.
Son of Guntars Vitols and Vitola Irita, Ilmars Vitols and Gaida Vitola. Married Irita Priede. 1 child Patricija Vitola.