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 14
* First Growth Funds Ltd appointed Tianbo Zhang as nonexecutive director, effective immediately.
* Visa Inc. named Patrick Yoon as country manager for its South Korean operations.
March 13
* Hiroshi Nishio resigned as director of ORIX Leasing Pakistan Ltd.
* Pakistan's Meezan Bank Ltd. appointed Saad Fazil Abbasi as a director, replacing Syeda Azra Mujtaba.
* HSBC Holdings PLC appointed Pradeep Rao as Southeast Asia head of corporates for global banking.
* Bangladesh-based United Commercial Bank Ltd. appointed Mohammad Mamdudur Rashid as additional managing director.
* Michelle Tredenick and Sheila McGregor were appointed as independent nonexecutive directors of Insurance Australia Group Ltd.
* Australia's OFX Group Ltd appointed Lisa Frazier as nonexecutive director, effective April 1.
* Goldfields Money Ltd. appointed John Kolenda as nonexecutive director, effective March 13.
March 12
* Pakistan's Habib Bank Ltd. named Sadia Khan as a director, in place of Sajid Zahid who has retired.
* Denmark's Saxo Bank A/S appointed Vivienne Yu as its CEO for Greater China, effective March 15.
* State Bank of India said Pravin Hari Kutumbe stepped down as a director on its board, effective March 8.
* Hang Seng Bank Ltd. appointed Ryan Yue Sheng Song as vice chairman and CEO of Hang Seng Bank (China) Ltd., effective May 1.
* The head of South Korea's Financial Supervisory Service has reportedly stepped down amid allegations he was involved in irregular hiring practices during his tenure as president of Hana Financial Group Inc.
* Masao Taketomi was appointed as representative director and president of Dai-ichi Frontier Life Insurance Co. Ltd., effective April 1.
* HSBC Insurance (Singapore) Pte. Ltd. appointed Carlos Vazquez as CEO, effective March 12. He replaces Ian Martin, who will be assuming a new global role in HSBC Group Insurance based in London.
* Pan Asia Banking Corp. Plc said Amarasinghe Arachchige Wijepala retired as director of the company, effective March 9.
* Miao Jianmin was named chairman of the board of PICC Property & Casualty Co. Ltd.
* Bank of Singapore Ltd. appointed Derrick Tan as CEO of its Hong Kong branch, effective March 6. He replaced Sermon Kwan, who will remain at the company as senior adviser.
* Robin Spencer will be joining Prudential Plc's Hong Kong-based unit, Prudential Corp. Asia Ltd, as COO, effective June 1.
March 11
* China-based Noah Holdings Ltd. appointed Grace Tsui to lead the company's Australian operations.
March 9
* Japan's Asset Management One Co. Ltd. appointed Akira Sugano as president, CEO and board director, effective March 23.
* Mizuho Financial Group Inc. nominated Tatsufumi Sakai and Hisashi Kikuchi to its board, subject to shareholder approval.
* Pakistan's BIPL Securities Ltd. appointed Muhammad Hafeezuddin Asif as a director, replacing Mansur ur Rehman Khan.
* India-based Rural Electrification Corp. Ltd. said Arun Singh stepped down as part-time nonofficial independent director from its board, effective March 8.
March 8
* Ping Yu-chu has resigned as a director of Taiwan Life Insurance Co. Ltd.
* Toshihiro Matsui and Koichi Matsushita will become deputy presidents of Daiwa Securities Group Inc., effective April 1.
* Dao Van Chien retired as deputy general director of Vietnam Development Bank, effective March 1.
* Lakshmi Vilas Bank Ltd. said S. Dattathreyan retired as director of the company, effective March 7.
* Australian sovereign wealth fund Future Fund said Stephen Gilmore will step down as chief investment strategist and will leave the fund at the end of April.
* China's Orient Securities Co. Ltd. appointed Tong Jie as a supervisor.
* Taiwan's Capital Securities Corp. named Hsueh-wen Ting as a director on its board.
* Eric Jian was appointed as CEO of finance and financial market group at Taishin International Bank Co. Ltd., effective March 9.
* Japan's Higo Bank Ltd. appointed Yoshihisa Kasahara as its new president, effective June 26. Takahiro Kai, the bank's current president, will become chairman.
* Michael Regino was appointed a director of Union Bank of the Philippines, effective March 7.
