Vietnam central bank SBV dismisses DongA Bank executives, replaces them with BIDV personnel

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The State Bank of Vietnam (SBV) on Friday said it will dismiss and suspend several key executives of DongA Bank, as a special control will be imposed on the debt-laden commercial lender. The announcement came out right after one of the sources cited the bank’s chief executive as saying that foreign… Read more »

aCommerce recruits new CXOs for Indonesia operations

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E-commerce solutions company, ​aCommerce​,which bring brands and retailers online in Southeast Asia said that it has has hired two new chief executives (CXOs) to lead its Indonesia arm. Norwegian international management executive Snorre Larstad​ will take the lead as aCommerce Indonesia CEO. Larstad previously worked as a chief strategy office for the Morris Group in… Read more »


Zeti: I will see through my term as Bank Negara head

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The Malaysia central bank governor Zeti Akhtar Aziz has denied rumors that she was resigning from her position, noting that she will complete her five-year term, which ends in April next year. If the Bank Negara Malaysia chief steps down at the end of her term come April, she would have… Read more »


Yim Chhay Line appointed as Cambodian director in TEHO-SBG project

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Yim Chhay Line has been appointed as a director of Singapore-listed TEHO-SBG Development Co Ltd. (TEHO-SBG), a joint venture company of the TEHO Group incorporated in Cambodia. TEHO International is a holding company with a portfolio of assets in the offshore marine, engineering and property development sectors and has been… Read more »


New Google CEO Pichai made ascent with low-key style and technical chops

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A low-key style and an unusually firm handle on diplomacy propelled new Google chief executive Sundar Pichai to the top of the search engine giant, former colleagues said, cementing his successes such as creating the Chrome browser. As part of a major overhaul of its operating structure, Google said on… Read more »


SM Investments in PH appoints Marcelo Fernando as SVP of Group Treasury

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SM Investments Corp, the holding company of Philippine-based conglomerate SM Group of Companies, has appointed Marcelo Fernando as its senior vice president of Group Treasury. Fernando joined SM Investments last July 1, 2015. He brings to the company his 31 years of experience in the banking industry, 29 of them… Read more »


Australia’s CIMIC Group appoints Angel Muriel as CFO

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Australia-based CIMIC Group, which maintains a secondary listing in Singapore, has appointed Angel Muriel as its news chief financial officer (CFO), succeeding Javier Loizaga. Muriel is CIMIC’s chief development officer and the managing director of Pacific Partnerships. His previous roles include a stint as the CFO of Spanish construction firm Iridium Concesiones de… Read more »


DBS hires vetran banker Iain Taylor, RBS hires former UBS currency research head in Singapore

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Singapore has seen two high-profile moves in the banking space with DBS and RBS making key hires at the senior management level. DBS has got Iain Taylor (from ASB Bank) to be its global transaction services (GTS) chief operating officer, while Royal Bank of Scotland Group Plc (RBS)has hired UBS‘s currency… Read more »


BNP Paribas appoints new Vietnam head

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Aymar de Liedekerke Beaufort has been relocated by BNP Paribas to Ho Chi Minh City,Vietnam, from Frankfurt,Germany in order to serve as country head and CEO of BNP Paribas Ho Chi Minh City (Saigon). Beaufort will oversee corporate and institutional banking, investment solutions and retail banking in his new role in Vietnam. These three domains… Read more »


TradeGecko goes on recruitment drive, fuelled by Series A round

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TradeGecko, a cloud-based inventory and multichannel management platform for apparel and accessories, is on a talent acquisition drive as it expands its management team, fuelled by a $6.5 million Series A funding round in April 2015, Leveraging on its resources since closing the Series A round, TradeGecko has increased its headcount by 25 per cent and added… Read more »