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KBZ Bank Appoints New CEO

KBZ Bank has announced the appointment of Mike DeNoma as Special Advisor to the Chairman, and Chief Executive Officer and at the same time, KBZ promoted the Senior Managing Director Aung Kyaw Myo, Executive Director Nang Lang Kham and Executive Director Nang Kham Noung to become Deputy CEOs of the Bank.

American-born DeNoma has held senior executive roles across the globe, managing operations across North America, Asia, Africa, Europe and the Middle East. DeNoma brings to KBZ Bank his considerable experience of the emerging markets banking sector, having previously served as the CEO and Chairman of Taiwan’s Chinatrust Commercial Bank (CTBC Bank). Aung Ko Win, Chairman of KBZ Group, said: “The high-level and wide-ranging experience that DeNoma brings from his diverse career is a strong asset to KBZ Bank, combining domestic and international banking expertise with the highest levels of customer service and innovation. We also particularly value the experience Mr. DeNoma brings from having worked with another family-owned bank, through which he has shown a track record of driving growth and success, while retaining strong family principles.”

DeNoma said , “I am delighted to be taking on this role at this important moment of growth for KBZ Bank and the Myanmar economy. Our collective ambition is to expand upon KBZ’s position as the leading bank in the country, bringing new services to our existing customers; providing new help to the current unbanked; building a new cadre of next-generation bankers; and expanding our international partnerships. I look forward to helping the Board of Directors to deliver on this strategy, working with colleagues as we move ahead with these exciting developments, and nurturing the next generation of leaders at KBZ Bank.”

Founded in 1994, KBZ is a privately-owned bank and first Myanmar Bank to establish international presence. The bank was chosen as the settlement bank of the Yangon Stock Exchange, the first stock exchange in Myanmar which started trading in late March.