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 ScotiabankRScotiabank7;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 BankRScotiabank7;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 ScotiabankRScotiabank7;s corporate headquarters in Canada. The move is in line with the succession policy of preparing and developing executives for ScotiabankRScotiabank7;s future key positions. As a result, Thanachart BankRScotiabank7;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 Scotiabank986 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 ScotiabankRScotiabank7;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.
̶Thanachart Bank;In his new roles, Peter will work closely with the management team in ensuring the successful implementation of Thanachart BankRScotiabank7;s ongoing fundamental infrastructure and work system development. The objective is to develop the BankRScotiabank7;s potential for meeting the continuously increasing financial needs of customers,̶Scotiabank; says Mr. Somjate.
As part of a strategic shift in the direction of Scotiabank's Asia Pacific operations, led by the realignment of regional operations under the Global Banking and Markets business line, Scotiabank (TSX:BNS) (NYSE:BNS) may consider strategic options for its 49% stake in Thanachart Bank Public Company Limited ("TBank"). No final decision has been made with respect to this investment. Scotiabank continues to maintain a good working partnership with Thanachart Capital Public Company Limited ("TCap"),