Thanachart Bank names Peter Bessey as new Deputy CEO and Vice Chairman of Executive Committee

Stocks News Wednesday September 3, 2014 11:57 —PRESS RELEASE LOCAL

Bangkok--3 Sep--Thanachart Bank Thanachart Bank announces the appointment of Mr. Peter Bessey as its new Deputy CEO and Vice Chairman of the Executive Committee, replacing outgoing Mr. Brendan King who is returning to Scotiabank’s corporate headquarters in Canada. Assuming the new positions, Peter Bessey will work closely with the management team in ensuring the successful implementation of Thanachart Bank’s ongoing fundamental infrastructure and work system development in order to meet the continuously increasing financial needs of customers. Mr. Somjate Moosirilert, CEO and President of Thanachart Bank Public Company Limited, says that Mr. Brendan King, Deputy CEO and Vice Chairman of the Executive Committee, is returning to Scotiabank’s corporate headquarters in Canada. The move is in line with the succession policy of preparing and developing executives for Scotiabank’s future key positions. As a result, Thanachart Bank’s Board of Directors has approved the appointment of Mr. Peter Bessey who will succeed Mr. Brendan King as Deputy CEO and Vice Chairman of Executive Committee. The appointment is proposed by Scotiabank. Mr. Peter Bessey, the new Deputy CEO and Vice Chairman of the Executive Committee, is a very experienced senior banker, starting his career with Scotiabank in 1986 and since then has held various senior roles in Canadian Banking, shared services and most recently in international banking as President and CEO of Scotiabank in Puerto Rico. During his tenure in Puerto Rico, Mr. Peter Bessey successfully led Scotiabank’s operations, both in the development of services that received favorable customer feedback and in the organizational management that won high employee satisfaction. Importantly, he was able to achieve strong operational performance despite difficult economic conditions. “In his new roles, Peter will work closely with the management team in ensuring the successful implementation of Thanachart Bank’s ongoing fundamental infrastructure and work system development. The objective is to develop the Bank’s potential for meeting the continuously increasing financial needs of customers,” says Mr. Somjate.

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