China Automation Group Names New President

China Automation Group Limited (“China Automation Group” and its subsidiaries, collectively, the “Group”, HKSE stock code: 0569), the largest integrated solution provider of safety and critical control systems in the petrochemical industry, the largest domestic manufacturer of control valves, as well as a qualified supplier of traction and auxiliary power supply related systems and equipment in the railway industry in China, announced the appointment of Mr. Zhou Zheng Qiang as Group President. Mr. Zhou reports directly to Mr. Xuan Rui Guo, Chairman of the Board of Directors and Chief Executive Officer.

 

The appointment of Mr. Zhou stems from the Group’s operation needs and has been nominated by the Nomination Committee and approved by the Board. The appointment has been effective since 18 September 2016.

SGX Names New Chairman

The Directors of Singapore Exchange (SGX) names Mr Kwa Chong Seng to succeed Mr Chew Choon Seng as Chairman of the Board.

Chew will be retiring at the conclusion of SGX’s Annual General Meeting on 22 September 2016, and will not be standing for re-election. He joined the Board in December 2004 and has been the Chairman since January 2011.

Kwa was elected to the Board in September 2012. He was appointed the Lead Independent Director in December 2013, and has been the Chairman of both the Nominating & Governance and the Remuneration & Staff Development Committees since September 2013.

Chew said, “The exchange is an important component of Singapore’s financial system. It has been an honour to be of service and I am thankful for the support and cooperation of my fellow Board members and all the people, inside and outside the organization, whom I have worked with. I trust that Mr Kwa will enjoy the same. Mr Kwa’s capabilities, experience and accomplishments in industry, business and public service are well known and highly regarded. SGX will definitely be well steered.”

Commenting on his new appointment, Kwa said, “I am honoured to have this opportunity to contribute. Filling Mr Chew’s big shoes will be difficult as SGX has many stakeholders who all want SGX to succeed. I will do my best to serve these important stakeholders.”

Singapore river

Blackstone today announced a new Asia Pacific leadership structure to enhance management capabilities across the region.

The new structure included several promotions:

• Chris Heady, the current Head of Real Estate Asia, has been named Blackstone’s Chairman of Asia Pacific.

• Jan Nielsen, who currently who leads the firm’s private equity investing in Southeast Asia, Japan and Korea and acts as Chief Operating Officer for Blackstone Capital Partners in the region, will work closely with Mr. Heady as Chief Operating Officer for all Blackstone businesses and administrative functions in Asia Pacific.

• Carol Kim, the ranking investor relations professional in Asia Pacific, has been named firm-wide Chief Operating Officer of investor relations across the region.

• Daisuke Kitta, the current Head of the Real Estate group in Japan, has been named Head of Japan for all business and administrative functions along with his existing regulatory responsibility for the office.

• Susannah Lindenfield, currently the Head of International Compliance, has been named General Counsel for Asia Pacific and will continue to oversee Compliance in the region.

“As our business in Asia and Australia has grown and matured, we reached the scale where upgrading our regional management structure was crucial to our continuing growth and increasing presence in the region,” said Tony James, Blackstone’s President and Chief Operating Officer. “This is an exceptional team with the necessary experience and demonstrated leadership capabilities to provide the framework for continued success in the region.”
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