Effective 22 August 2008, T. Jeyaratnam has been promoted to Chief Executive Officer of ECM Libra Investment Bank Berhad. Prior to his promotion Jeyaratnam, who is a member of the Institute of Chartered Accountants in England and Wales, was the Deputy CEO of the Bank.

Jeyaratnam succeeds Lim Kian Onn, who will step down as Acting CEO of the Bank and continue to focus on his other role, i.e. Managing Director of ECM Libra Financial Group Berhad, the holding company of the Bank.

Concurrently, and in line with the Bank’s long-term succession planning, Shahin Jammal, currently the Deputy Head of Investment Banking Division, is now promoted to Deputy CEO of the Bank. Shahin Jammal holds a Bachelor’s Degree with Honours in Economics from the London School of Economics.

Martin Chu will continue as the Chief Operating Officer. Martin holds a Masters Degree in Management Science and a B.Sc in Mechanical Engineering from the Imperial College, University of London. He was formerly the Deputy CEO, Group Management Services of EON Bank Berhad.

The Board of Directors of the Bank is confident that the succession plan, with its emphasis on continuity, will provide a stable platform for the sustained growth of the Bank. The Board is also confident that the complementary skills and cohesiveness of the three-man team will enable the institution to enhance its proven capability in adding value to its clients and exceeding their expectations.