KUALA LUMPUR: ECM Libra Investment Bank Bhd has made its deputy chief executive officer T Jeyaratnam its new CEO in a management team reshuffle to guide the bank through the current challenging global economic climate.

In a statement yesterday, ECM Libra said effective today, Jeyaratnam succeeded Lim Kian Onn, who stepped down as the acting CEO, but will continue to focus on his other role as the managing director of ECM Libra Financial Group Bhd, the bank's holding company.

In line with the bank's long-term succession planning, Shahin Jammal, now the deputy head of investment banking division, was promoted to deputy CEO of the bank.

ECM Libra said Martin Chu would continue as the chief operating officer. He was formerly the deputy CEO, group management services of EON Bank Bhd.

"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,'' it said.