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Retail Asia22/11/2021

Deutsche Bank’s supervisory board committee supported the nomination of a new chairman, formerly from Dutch insurance firm Aegon. The supervisory board committee fully backed the nomination of Alexander Wynaendts as the German lender’s new chairman and he now awaits the appointment to be confirmed by shareholder votes in May, according to a report citing an internal memo. If successful, […]

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Retail Asia09/09/2021

Vietnam Bank for Industry and Trade (VietinBank) has elected General Director Tran Minh Binh as the bank’s new chairman for the 2019-2024 term. The appointment came Tuesday, two months after the bank’s former chairman, Le Duc Tho, was appointed secretary of Ben Tre Provincial Party Committee from July. Tran Minh Binh, 47, holds a Master’s […]

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Retail Asia18/08/2021

Let’s use our imagination a little, shall we? Had the U.S. not placed Huawei on the Entity List for security reasons in 2019 and followed that up exactly a year to the day by changing Export rules banning Huawei from receiving chips from certain foundries using American technology, the smartphone market “league tables” would be different. Huawei […]

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Retail Asia29/04/2021

Shares of OCB are undervalued by 25 percent, its chairman Trinh Van Tuan said at the private lender’s annual general meeting Wednesday. He said his assertion was backed by many stock brokerages that have suggested a price of VND30,000 ($1.31) for the OCB ticker, currently trading on the Ho Chi Minh Stock Exchange (HoSE) at […]

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Retail Asia15/03/2021

Nissan Motor announced Guillaume Cartier as its new Chairperson for the Africa, Middle East, India, Europe and Oceania (AMIEO) region. Effective April 1st, Cartier will lead all Nissan operations in the region, which covers more than 140 markets across four continents with a population of around 3.8 billion people, representing more than 30 percent of […]

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Retail Asia03/06/2020

Will McLane was named Asia Pacific vice chairman of technology at Citi, according to an internal memo, in addition to his existing role as vice chairman of the global financial institution’s group (FIG). We have asked McLane to assist the APAC technology team in covering clients for unique stations to help scale BCMA’s (banking, capital […]

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Retail Asia01/10/2019

HSBC continues to bolster its Southeast Asia business with the latest hire of a former Deutsche Bank vice chairman for the region to become its own Southeast Asia vice chairman of global banking. Philip Lee joins the bank as the new Singapore-based role reporting at the function level to Greg Guyett, group head of global banking, and […]

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Retail Asia29/07/2019

The Chairman of the Board of Management of BMW AG, Harald Kruger, gave notice that he will not seek a second term of office. The Supervisory Board will address the matter of a successor during its next meeting on 18 July 2019. Until a decision has been made, Harald Kruger will hold his position as […]

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Retail Asia15/05/2019

Shopping centre operator Vicinity Centres has revealed that non-executive director Peter Kahan will replace Peter Hay as chair when he retires in August. Hay, who has served as chairman since Vicinity was formed in a 2015 merger of Federation Centres and Novion, will retire from the board after the company’s annual results are released in […]

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Retail Asia09/04/2019

The bank’s new ethics and conduct board committee wants to ensure that the group’s core values of trust and integrity continue to anchor the way it conducts its business. OCBC Bank has formed an ethics and conduct board committee, which is chaired by OCBC chairman Ooi Sang Kuang and includes directors Lee Tih Shih and […]

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Retail Asia18/03/2019

Alibaba founder Jack Ma has stepped back from active roles in five subsidiary companies as he prepares to hand over executive chairmanship of the company in September. Management of Alibaba say the moves were intended to improve the firm’s governance and administrative transparency. Ma has exited Alibaba’s Technology, Education Technology, Taobao Software, Network Technology, and Software departments. […]

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Retail Asia11/03/2019

China Telecom announced that Yang Jie (pictured) has resigned from his role as chairman of parent company China Telecom Corporation, and has been re-designated as chairman of China Mobile Communications Group. Yang has also resigned from his positions as executive director, chairman and CEO of Hong Kong-listed China Telecom Limited, due to the change in […]

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Retail Asia24/01/2019

J.Crew chairman and former-chief executive Millard “Mickey” Drexler has stepped down from his position to focus on other interests, including the development of investment business Dexler Ventures, LLC. Chad Leat has been elected as chairman effective immediately. Drexler is set to continue to serve as a strategic advisor to the company’s board and CEO. Drexler […]

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Retail Asia04/01/2019

Owner family members of fashion conglomerate E-Land Group stepped down from management on Thursday, handing over the helm to younger executives internally promoted to leadership roles. The move comes in an effort to rejuvenate its governance structure to strengthen the role of the board of directors of each affiliate and enhance their autonomy when it […]

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Retail Asia02/01/2019

AMMB Holdings Bhd has appointed Voon Seng Chuan (pic) as the new chairman of AmBank (M) Bhd with effect from Jan 1, 2019. “Voon, a Malaysian, aged 60, has been a member of the board of directors of AmBank since June 18, 2015. He is also a member of the board of directors of AMMB,” […]

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Retail Asia31/12/2018

Prosecutors dropped tax evasion and embezzlement charges against Samsung Group Chairman Lee Kun-hee on Thursday. The decision was based on the judgment that further investigation into the case was impossible due to Lee’s health issues. The investigation may resume if Lee recovers, but the possibility is slim. Lee has been hospitalized for more than four […]

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Retail Asia30/10/2016

Sunil Bharti Mittal (pictured), founder and chairman of India’s Bharti Enterprises, has been named as GSMA chairman from January 2017 to December 2018. Mittal, the first Indian to be elected as chair of GSMA, will oversee the strategic direction of the organization, which represents nearly 800 of the world’s mobile operators, as well as more […]

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Retail Asia11/04/2016

With effect from March 1, 2016, Carl Cruz assumed duties as Chairman of Unilever Sri Lanka, taking the helm from his predecessor, Shazia Syed who has returned to Pakistan to assume her duties as the Chief Executive Officer of Unilever Pakistan. Carl arrived in Sri Lanka from the Philippines, where he last served as the […]

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