KUALA LUMPUR: ECM Libra Investment Bank Bhd has appointed a three-man leadership team to helm the bank through the current challenging global economic environment.

Announcing the details on Thursday, it said that with effect from Friday, the deputy chief executive officer of the bank T. Jeyaratnam has been promoted to chief executive.

Jeyaratnam takes over from Lim Kian Onn, who will step down as acting CEO of the bank and continue to focus on his other role as managing director of ECM Libra Financial Group Bhd, the holding company of the bank.

It also said in line with the bank’s long-term succession planning, the current deputy head of investment banking division Shahin Jammal was promoted to the deputy CEO of the bank.

It added Martin Chu would continue as 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