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Hong Leong Finance names new president

Hong LeongFinance Ltd. appointed Ang Tang Chor president, replacing IanMacDonald who will step down from the role.

Ang currently serves as deputy president of the company,according to a Sept. 23 news release. MacDonald resigned to spend more timewith his family.

Kevin Hangchi was appointed as nonindependent andnonexecutive director. Hangchi currently serves as senior vicepresident at Hong Leong Management Services Pte. Ltd.

The changes are effective Oct. 1.