Myanmar Strategic Holdings (MSH), a Myanmar-based investor in the local consumer market, has executed senior management changes to enhance its operations.
Alain Thibault, CEO of Wall Street English and Auston College Myanmar, has been appointed as MSH’s chief operating officer of the Group. Based in Asia since 2009, Thibault first joined Accenture before taking over senior management positions in organisations such as Lazada and Air Asia.
Wint Wint Htet Hlaing has been hired as the chief financial officer of the group, succeeding Dennis Yeo, who will remain on the board of the company as a non-executive director, MSH said in an announcement.
Hlaing started her career in the US and returned to Myanmar in 2013, joining local conglomerate First Myanmar Investment. Her most recent role was head of corporate development at a Yangon government-owned enterprise, involving investment in mega infrastructure projects in the city, MSH said.
In addition, the London Stock Exchange-listed investment firm has promoted Darius Shey as senior advisor, Michael Hall as chief human resources officer and Anurag Sharma as general counsel.
Shey was previously an advisor to MSH’s education division and will be advising the company’s strategy and operations. Meanwhile, Hall has spent eight years in the startup environment focusing on emerging markets, and Sharma has been in the legal industry for over 18 years, having handled M&A, disputes, investment rounds and joint venture transactions.
“Despite these challenging times, Myanmar continues to grow and we remain confident in our strategy and therefore, it is key for MSH to continue investing in its management team,” commented Enrico Cesenni, CEO of MSH.
MSH is known for its investment in the education sector in Myanmar, including Wall Street English, Auston College Myanmar and Yangon American International School. In addition, the firm holds a portfolio of boutique hotels and other consumer-related assets. In 2018, it acquired local risk management service provider Exera.
In 2019, MSH proposed to acquire the assets held by Myanmar Investments Limited (MIL) as the latter planned to wind up the business. However, MIL rejected the takeover offer, saying that the offer undervalued the company.