TMB Bank appoints another ING senior executive to succeed current retail banking chief

Friday 20 February 2009 09:33
- Bank also announces appointment of corporate communications head

TMB Bank Public Company Limited announced that it will appoint Michal Szczurek, a senior executive from ING’s unit in Poland, as Chief Retail Banking Officer pending regulatory approval.

Polish by nationality, Mr. Szczurek, 38, is expected to join TMB in March from ING Bank Slaski where he has been the General Manager of the retail banking division for the last four years.

TMB’s current retail banking chief Ramky Subramanian is scheduled to return to ING’s Retail and Private Banking Asia office in Singapore on 2 March. He assumed his position at TMB in March last year with the aim of establishing the groundwork for TMB to develop a robust retail banking growth strategy.

Thanking him for his leadership and contributions, CEO Boontuck Wungcharoen

said: “We have tapped on Ramky’s many years of global retail banking experience during a year focused on laying the foundation for transforming TMB into a leading Thai bank with international expertise and standards.”

Mr. Szczurek has been a retail banker throughout his career, bringing 15 years of experience to TMB where he will report directly to Khun Boontuck. He is expected to play a central role in fleshing out TMB’s customer-centric retail strategy.

Welcoming him to the management team, Khun Boontuck said: “With Michal’s appointment, we aim to accelerate our pace of expansion and the upgrading of our consumer skills and processes. I am certain that the combination of his operational experience and track record of successfully implementing process improvements in a retail environment will be a valuable asset to us.”

Mr. Szczurek holds a Masters in Economics from a joint program of Warsaw University in Poland and Columbia University and has chalked up 15 years of experience in asset management, retail banking, insurance and private banking at various ING units.

Pending regulatory approval, TMB will appoint Mr. Paradai Theerathada, 36, as Executive Vice President - Head of Corporate Communications and Branding, a newly created position that will also report directly to the CEO. Joining TMB in March, he will be responsible for external communications, media relations, corporate brand management and community affairs.

Mr. Paradai spent the last three years at GE Money Thailand as Senior Vice President of Communications and Public Affairs where he developed the company’s media, regulatory and public affairs strategies and managed its corporate branding and corporate social responsibility programmes. Prior to GE Money, he was Corporate Affairs Director at TA Orange/True from 2001 to 2006 and before that, Director at public relations consultancy Aziam Burson-Marsteller from 1999 to 2001.

TMB Bank Public Company Limited

Founded on 8 November 1957, TMB Bank Pcl. operates a commercial banking business under a license granted by the Ministry of Finance, and with consent given by the Bank of Thailand. It also operates a securities business licensed by the Ministry of Finance and agreed to by the Securities Exchange Commission.

The Bank aims to respond to the needs of its clients through its 473 branch network, 105 foreign exchange centers, 1,946 ATMs, as well as electronics banking systems. Its business encompasses commercial banking, offshore banking, investment banking, and other businesses as permitted by the regulatory authorities, including acting as an insurance agent for its alliance insurance companies.

Listed on the Stock Exchange of Thailand, the Bank is the sixth largest bank, by total assets, in Thailand. As at 31 December 2008, its total assets are valued at THB 601,985 million.

www.tmbbank.com

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