Its board of directors has appointed director Kong Khoon Tan as chief executive officer with effect from March 8. In addition, to facilitate operations, the bank has introduced a new organisation chart with the following chief officers.

Tan will be president and CEO. President Pongpinit Tejagupta will become chief distribution officer. Virojn Srethapramotaya will be chief commercial lending officer and Amornsuk Noparumpa general counsel.

Janice Rae Van Ekeren will be appointed as chief financial officer, Chandrashekar Subramanian Krishoolndmangalam chief risk officer, Roy Agustinus Gunara chief retail banking officer, Chet Raktakanishta chief operation officer, Charlotte Donavanik chief business marketing and PR officer, and Poomchai Wacharapong chief SME lending officer.

Tinnawat Mahatharadol will be chief treasury officer, Chalermpol Vuttisombut chief audit officer, Somrit Srithongdee head of human resources, and Apirom Noi-Am chief information officer.

Before joining the Thai bank, Tan had worked for Standard Chartered Bank since 2000. His latest position was regional head of consumer banking (Hong Kong and China).

Tan started his banking career with DBS Bank in Singapore and also served at ABN Bank and Citibank for 12 years in their Singapore and Hong Kong offices. His other experience includes priority banking, treasury, investment and insurance.

According to the bank's statement, Pongpinit continues to be one of the bank's three authorised directors. Nopporn Tirawattangool continues to be first executive vice president and a member and secretary of the executive board of directors.

The significant change of management was accomplished after the bank completed a strategic investment deal with GE Capital International Holdings.