S&P Global Market Intelligence presents a weekly rundown of select executive management and other personnel moves at Asian financial institutions. The news items are listed by announcement date in reverse chronological order.
Nov. 3
* The Goldman Sachs Group Inc. promoted 30 executives in its India offices to the managing director position, The Economic Times reported.
* Housing Development Finance Corp. Bank of Sri Lanka appointed P.A. Lionel a nonexecutive independent director.
* Tyro Payments Ltd. said Hamish Corlett stepped down as a director.
Nov. 2
* The board of UGRO Capital Ltd. approved the appointment of Amit Gupta as CFO. The company also said Sandeepkumar Zanvar and Kanak Kamal Kapur resigned as CFO and a nonexecutive director, respectively. Meanwhile, Nisheeth Saran stepped down as an alternate director to Kanak Kamal Kapur.
* Union Bank of the Philippines named Kenneth Mariano head of consumer and retail channels. The lender also appointed Rommel Ilunio head of infrastructure management and Kathlynn Ann Aznar retail sales head.
* Spandana Sphoorty Financial Ltd. said Padmaja Gangireddy resigned as founder and managing director.
* Asia United Bank Corp. said Maria Gracia Pulido Tan stepped down as an independent director due to personal reasons, effective Nov. 1.
Nov. 1
* Richfield Financial Services Ltd. named Vishnu Sivan CFO, replacing Siddharth Banthia, who resigned due to personal reasons. Priyanka Kalra was also appointed company secretary, replacing Soumitra Ghosh.
* The South Indian Bank Ltd. said Francis Alapatt retired as a nonexecutive independent director, effective Oct. 31, upon completion of his eight-year term.
* Sanasa Development Bank PLC appointed Anthony Naveendra Perera Sooriyarachchi a nonindependent nonexecutive director, effective Nov. 26, subject to the approval of the Central Bank of Sri Lanka.
* Dhanvarsha Finvest Ltd. said Manjari Kacker resigned as an independent director due to other personal commitments, effective Oct. 30.
* Hong Kong-based Value Convergence Holdings Ltd. named Zhang Nu an executive director.
* Goenka Business & Finance Ltd. said Yesha Shah stepped down as an independent director due to preoccupation.
* Yes Bank Ltd. said Sharad Sharma has been co-opted as a nonexecutive director.
* Ken Financial Services Ltd. said Gangaben Raman Pagi resigned as independent director due to health reasons.
* Nations Trust Bank PLC said Suran Wijesinghe retired as a nonexecutive director.
Oct. 30
* Indian Overseas Bank said Mahesh Kumar S P was designated CFO, effective Nov. 1.
* Viji Finance Ltd. named Sakshi Chourasiya an additional nonexecutive independent director, subject to shareholders' approval.
* IDFC First Bank Ltd. appointed Sanjeeb Chaudhuri part-time chairman.
Oct. 29
* GIC Housing Finance Ltd. appointed Varsha Godbole CFO. Godbole is taking over from Radhika Balasubramanian.
* China Galaxy Securities Co. Ltd. named Liang Shipeng chief risk officer. Xue Jun was appointed vice president and finance manager of the company, while Wu Chengming ceased to serve as board and joint company secretary.
* Ramchandra Leasing and Finance Ltd. appointed Urja Jain CFO and key managerial personnel.
* National Australia Bank Ltd. Chair Philip Chronican said James Spenceley decided not to proceed with his appointment as a nonexecutive director.
* Indian Bank named Papia Sengupta shareholder director for a three-year term.
Oct. 28
* Citigroup Inc. appointed Jonathan Quek and Matthew Nimtz co-heads of banking capital markets and advisory for Southeast Asia, Bloomberg News reported.
* CIL Securities Ltd. said Piyush Modi was relieved from his position as executive director due to preoccupation with other activities, effective Oct. 31. He will continue to serve as nonexecutive director.
* Jana Small Finance Bank Ltd. named Subhash Khuntia part-time chairman.
* Merchant Bank of Sri Lanka & Finance PLC said Diyalanthonige Nimal Lucias Fernando stepped down as a nonexecutive nonindependent director.
