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.
* AMMB Holdings Bhd. said that Azman Hashim, the group's nonindependent nonexecutive chairman, will retire as chairman and board member of six of the group's units, including AmMetLife Takaful Bhd., among others, over the coming two years.
* Fu Zhongjun stepped down as nonexecutive director of China's Industrial & Commercial Bank of China Ltd., effective Jan. 25, upon completion of his term.
* Woori Bank's board of directors nominated current CEO and President Lee Kwang-goo as the new chief of the bank, making Lee the bank's first CEO since its privatization. A search committee consisting of outside directors picked Lee over Lee Dong-gun, an executive vice president and head of the business support group, and Kim Seung-gyu, a former executive vice president of the bank.
* Chiranakhorn Wanchai, an independent nonexecutive director of Chong Hing Bank Ltd., died Jan. 22.
* Italy's Generali appointed Roberto Leonardi to serve as its regional officer for Asia, Intelligent Insurer reported.
* Punjab National Bank said Gautam Premnath Khandelwal stepped down as part-time nonofficial director, effective Jan. 24, upon completion of his term.
* Manulife Asset Management appointed Michael Reed as CEO of Manulife Asset Management Thailand, effective Jan. 17.
* Robeco Groep NV named Graham Elliot to the new role of head of distribution for Asia-Pacific and the Middle East.
* Multi Commodity Exchange of India Ltd. appointed Sanjay Wadhwa as CFO for a term of three years from the date of his joining, which will be determined at a later date.
* Pacific Investment Management Co. LLC named Kimberley Stafford head of Asia-Pacific. Stafford will succeed Eric Mogelof, managing director and head of Asia-Pacific, who will assume a new role as head of the company's U.S. global wealth management business. The appointments are effective Jan. 23.
* Postal Savings Bank of China Co. Ltd. said that Yang Songtang resigned as a nonexecutive director.
* Nepal Bank Ltd. appointed Ramsharan Pudasaini as director.
* China Development Financial Holding Corp. said that Paul Chunyao Yang resigned as director of its unit CDIB Capital Investment I Ltd. The resignation is effective Jan. 20.
* AFFIN Holdings Bhd. appointed Mohd Ghazali Bin Mohd Yusoff as an independent nonexecutive director, effective Jan. 20.
* PNB Housing Finance Ltd. said that Tejinder Singh Laschar resigned as an independent director on the company's board.
* National Bank of Pakistan said that Syed Iqbal Asharf will step down as the bank's president and CEO upon completion of his tenure Jan. 20.
* Shinhan Bank Co. Ltd. President and CEO Cho Yong-byoung was nominated as chairman and CEO of Shinhan Financial Group Co. Ltd.
* Pan Asia Banking Corp. Plc said it appointed Gardiya Lokuge Harris Premaratne as a nonexecutive independent director, effective Jan. 19.
* Malaysia Building Society Bhd. said Aw Hong Boo was redesignated as an independent nonexecutive director. The redesignation was effective Jan. 19.
* China's Bank of Communications Co. Ltd. nominated Raymond Woo Chin Wan as independent nonexecutive director. Woo will replace Peter Nolan, who will step down from the role. In addition, Danny Quah stepped down as independent nonexecutive director due to job changes.
* National Reinsurance Corp. of the Philippines appointed Luis Urcia as a director to replace Simon Paterno, who resigned. The company also appointed Joli Co Wu as treasurer. The appointments are effective Jan. 19.
* Bank of China Ltd. said Wang Wei resigned as nonexecutive director on the bank's board, effective Jan. 19.
* Philippine Bank of Communications said Salvador Serrano stepped down as senior vice president of its branch banking group, effective Jan. 1.