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.
March 9
* UBS Group AG named Nick Brown M&A co-head for Asia-Pacific, The Australian Financial Review's Street Talk blog reported.
* The government of India nominated Aditya Gaiha as a director on the board of Indian Bank, replacing S K Panigrahy, effective March 8.
* APM Finvest Ltd. said its board accepted the resignation of Manoj Kumar Rinwa as CFO and named Adish Kumar Jain to the role. Nitin Goel, Hemant Bhageria, Abhinav Tambi, Manoj Kumar Bhatt, Kapil Garg and Neha Agarwal were also appointed as additional directors.
March 8
* The Indian government nominated Rajesh Kumar as a director on the board of UCO Bank to replace Tuli Roy.
March 7
* The Reserve Bank of Australia said Michael Plumb, chief representative of its New York office, was promoted to head of banking.
* Power Financial Group Ltd. said Leung Mabel resigned as an independent nonexecutive director to devote more time to other commitments.
* Inani Securities Ltd. said Ramakanth Inani resigned as CFO and as a director on its board for personal reasons and other professional commitments.
* Shanghai Commercial Bank (HK) said Hung-Ching Yung, a director on its board, died March 3.
* The Philippines' Governance Commission for Government-Owned or Controlled Corporations said Land Bank of the Philippines will absorb 2,500 employees from the dissolved United Coconut Planters Bank following the merger of the two state lenders.
March 6
* State Bank of India named Nitin Chugh deputy managing director for a three-year term, The Economic Times reported, citing sources. The bank did not respond to the publication's request for comment.
* Shriram Asset Management Co. Ltd. said Kshiti Ranjan Das stepped down as an independent director after completing his term on March 5 due to other business interests.
March 4
* Life Insurance Corp. of India hired Sunil Agarwal as CFO ahead of its planned IPO, The Economic Times reported, citing sources. Agarwal was not immediately available for comment, the publication said.
* Poonawalla Fincorp Ltd. said Vijay Deshwal stepped down as CEO to take up a new role at Cyrus Poonawalla Group.
* Pakistan-based BIPL Securities Ltd. said it approved the appointment of Muhammad Shehzad Dhedhi as a director, replacing Khalid Mahmood, who cannot continue in the role as he serves as a director in another listed company.
* Shinhan Financial Group Co. Ltd. named Kim Jo-seol and Woori Financial Group Inc. named Song Soo-young as female outside directors, The Korea Times reported.
March 3
* Angel One Ltd. said it appointed Pravin Bathe as chief legal and compliance officer.
* BOC Hong Kong (Holdings) Ltd. announced the appointment of Fung Yuen Mei Anita as an independent nonexecutive director.
* Singapore Exchange Ltd. said Tsien Samuel Nag was appointed nonexecutive nonindependent director on its board, effective May 1.
* The Jammu and Kashmir Bank Ltd. said it appointed Anand Kumar as an additional independent director, subject to shareholders' approval.
* Sri Lanka's Orient Finance PLC said Ramesh Schaffter resigned as alternate director to Prakash Schaffter, effective March 2.
