Treasury appointments, March 2

A roundup of the latest CFO and treasurer moves from around the region.

Ang Poh Seng was appointed the new chief financial officer of Asia Power, a Singapore-based renewable energy company, on February 2. He previously worked as financial controller for Asia Water Technology, a company specialising in water treatment. Ang replaced Wang Yuezhong, CFO since 2006, who became assistant to the chief executive officer on the same day. He will assist the CEO with matters related to investment and work with Ang to oversee Asia Power's account, finance and tax functions.

Manufacturer and distributor of resistors ASJ promoted Ang Soo Liang to the role of group financial controller on February 1. Singapore-based Ang was previously senior finance manager at the company. In a statement, ASJ said she had the necessary experience to take on the CFO role whose duties include account management, statutory and group reporting, and operational analysis. She replaced Ang Wui Khoon who became financial controller at Avaplas, a manufacturer of high volume precision engineering plastic components, on February 2. He was ASJ's financial controller for only 15 months.

Bombay Dyeing and Manufacturing, an Indian textile, polyester and real estate company, has announced that Durgesh Mehta will become CFO and a joint managing director on April 1. Previously, Mehta was CFO of Britannia Industries, an Indian biscuit brand. Mehta holds a bachelors degree from the Shri Ram College of Commerce.

Rajesh Marwaha was appointed CFO of pharmaceutical company Fulford India on February 2. Before accepting the post, he was CFO of USD, another pharmaceutical company in India. Marwaha is a qualified chartered accountant and holds a bachelors degree in commerce.

Risk and regulatory solutions vendor FRSGlobal has appointed Allan Chin as head of sales for North Asia. Hong Kong-based Chin joined the firm from Fermat where he was head of business development for Greater China and worked with a variety of systems integrators including Atos Origin, IBM and Yucheng Technologies. Chin has also worked in senior roles at Fair Isaac, SAS Institute and Hyperion Solutions.

Gokul Refoils and Solvent appointed Gopal Garg as its new CFO on February 8. The India-based company manufactures and distributes edible and non-edible oils.

R. K. Sharma was appointed CFO of Jai Balaji, an India-based integrated iron and steel manufacturer, on February 1. Sharma replaced Sanjiv Jajodia who became one of the company's directors.

Kalyani Forge, an India-based forging company, appointed Mangesh Annachhatre CFO on February 3. Annachhatre joins the company with more than 15 years of experience in the manufacturing and automotive industries. He is a qualified chartered accountant.

Kim Eng, an independent Singapore securities broking group and strategic partner to Taiwan's Yuanta Securities and Japan's Mitsubishi UFJ Securities, appointed Ho Pek Nai as its group CFO on February 1. She was formerly a director at Sanford Rose Associates, an executive search firm, and Singapore Pools, a member of the World Lottery Association (WLA). Ho also worked as an executive director at DBS Securities Singapore for 10 years.

Natural Beauty Bio-Technology, specialists in skin care, beauty and aromatherapy products, appointed Chan Yiu Ming CFO and chief operating officer on February 9. He also acts in the same roles for Natural Beauty's group of companies, which provide a variety of skin treatments, beauty and spa services, skin care consulting and beauty training. Chan was previously general manager of Evergreen Packaging (Shanghai) and holds a masters degree in business administration from the University of Hong Kong.

Shanghai-based Semiconductor Manufacturing International Corporation (SMIC) appointed Gary Tseng CFO on February 9. He joined the company from China Solar Corporation where he was COO. Tseng is a US certified public and management accountant as well as a certified internal auditor. He has a masters degree in finance from the University of Missouri-Columbia and a bachelors degree in accounting from Taiwan's National Cheng Kong University.

Xiang Hong was appointed Hong Kong-based CFO of consumer electrical appliance manufacturer Shell Electric Manufacturing (SMC) on February 10. Prior to his appointment, he was deputy financial controller at China Overseas Land and Investment Limited (COLI), a major shareholder in SMC, and is also a director of several of COLI's subsidiaries. Xiang has 20 years of experience in corporate financial management and holds a masters degree from Murdoch University in Australia.

India-based Simbhaoli Sugars appointed Sanjay Tapriya as its CFO on February 4. He continues to work as director of finance for the company but is relieved of any secretarial duties. Tapriya has worked at the company for more than 20 years and joined the board of directors in 2003. He is a member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. Simbhaoli Sugars was formerly known as Simbhaoli Sugar Mills.

Singapore-based United Fiber System (Unifiber) appointed Pauline Lee as finance director on February 1. With more than 20 years of experience in financial management, Lee is expected to aid Unifiber's growth since it changed its name from Poh Lian in 2002. Unifiber recently shifted its business from being a specialist in scaffolding and marine and refinery staging to forestry and pulp production.

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