Member Personalities - Asian Bankers Association

ABA Newsletter April 2010
Member Personalities
Former ABA Chairman Peter Favila Named Member of Monetary Board
President Gloria Macapagal-Arroyo on March 8 appointed
Trade Secretary Peter B. Favila, former Chairman of the Asian
Bankers Association, as member of the Monetary Board (MB), the
policymaking body of the Bangko Sentral ng Piilpinas.
Prior to his appointment, Favila, a banking and finance
graduate at the University of Santo Tomas, sat as ex-officio cabinet
representative at the Monetary Board. Before serving the Arroyo
Peter Favila Cabinet, Favila was presidential adviser on infrastructure finance
and as economic adviser to the Speaker of the House of
Representatives. He was also chairperson of the Philippine Stock Exchange, as well as of
the Securities Clearing Corporation of the Philippines.
Favila also served as senior vice president of the Metropolitan Bank and Trust Co.
before becoming president of local banks including Security Bank, Allied Bank, and the
Philippine National Bank (PNB). He served as ABA Chairman in 1996-1998 when he was
PNB President. As former Chairman of ABA, Mr. Favila is a current member of the ABA
Advisory Council
Koh Boon Hwee to Step Down As DBS Chairman; Peter Seah Appointed as
Chairman from 1 May 2010
DBS Group Holdings (DBSH)
announced on March 19 that Mr. Koh Boon
Hwee will step down as Chairman of the
DBSH and DBS Bank boards after the AGM
and EGM on 30 April 2010. DBS Board
member Mr. Peter Seah Lim Huat will
assume chairmanship of both boards on 1
May 2010.
A distinguished corporate leader and
Koh Boon Hwee formerly Chairman of Singapore Airlines and
Peter Seah
Singapore Telecom, Koh was first appointed
to the DBS Boards in June 2005. He assumed the role of DBS Chairman on 1 January 2006.
Koh steered DBS during a tumultuous time for the global financial industry, and is stepping
down with the economy having turned the corner. In spite of challenging economic
conditions last year, DBS’ strong customer franchise enabled the bank to report record fullyear
revenues and profit before allowances.
Koh said: “During my time as Chairman, we’ve entrenched our positions in Singapore
and Hong Kong, and expanded our presence in China, India, Indonesia and Taiwan. DBS
has also emerged from the financial crisis in a solid position with strong capital, liquidity and
good credit ratings, and is today seen as a worthy competitor in Asian banking. Our new
CEO Piyush Gupta is on board and settling in very well, and with Peter Seah agreeing to be
Chairman of the DBS Boards, I am now able to move on, knowing that DBS is in good
hands.”

ABA Newsletter April 2010
During his tenure, Koh focused on helping DBS develop a sustainable competitive
advantage by building a strong DBS culture, and by ensuring that the bank manages its
business in totality and becomes more customer centric.
Seah, who was appointed to the DBS Board in November 2009, said: “The world has
just experienced its worst financial crisis since the Great Depression. However, DBS has
emerged as one of the few well-capitalised banks with a strong balance sheet, and this will
offer the bank tremendous opportunities in Singapore and the region. I am committed to
building on the good work that Boon Hwee has done, and working with the Board to make
DBS the undisputed leader in Asian banking.”
Seah was a commercial banker for 33 years before retiring as Vice Chairman and
CEO of the former Overseas Union Bank (OUB) in 2001. Under his watch, Seah transformed
OUB into a leader in consumer banking. He championed the bold and distinctive rebranding
initiative, and put the bank in the industry forefront of corporate finance, fund management
and project finance.
Seah believed in supporting SMEs and local corporates, and took pride in OUB’s
steadfast support of customers during difficult times. In recent years, Seah continued to be
actively involved in the financial services industry. He sat on various bank boards and also
assisted Temasek Holdings in evolving and implementing its financial services strategy.
ANZ Announces Executive Movements
The ANZ Banking Group (ANZ) on February 24 confirmed
that John Morschel would succeed Charles Goode as the Group’s
Chairman on Monday, 1 March 2010.
ANZ’s Chairman Charles Goode said: "ANZ will have an
excellent new Chairman in John Morschel. He knows ANZ well and
we have been working closely over recent months to ensure there is
a smooth transition.
John Morschel
“It has been a great privilege to have been the Chairman of
ANZ over the past 14 years. Together with my fellow Board directors, the management and
staff of ANZ, we have achieved a great deal and I wish them all well in the future,” Mr Goode
said.
Mr Morschel said: “Charles has successfully overseen an extraordinary period of
change at ANZ and has made an outstanding contribution to business and the community,
not only in Australia, but in the Asia Pacific region. “It’s an honour to succeed him and I am
looking forward to continuing to work with the board, Mike Smith and his management team
to realise ANZ’s vision to build a super regional bank,” Mr Morschel said.
On February 25, ANZ announced the appointment of Steve Bellotti as Managing
Director, Global Markets, reporting to CEO Institutional, Shayne Elliott. In the role, Mr
Bellotti will lead ANZ’s Global Markets business, which delivers product solutions across
foreign exchange, capital markets, interest rates, commodities and derivatives, as well as
specialist research and risk management expertise.
Mr Bellotti, 48, previously held roles including Global Head of Capital Markets at
Dresdner Kleinwort in London and senior executive positions at Merrill Lynch in London,
New York, Sydney, Hong Kong and Singapore. This included experience across all asset

ABA Newsletter April 2010
classes –bonds, foreign exchange, rates, credit, equities, derivatives, sales and trading. Mr
Bellotti joins ANZ on 1 March 2010 and will be based in Sydney.
“Steve is an outstanding addition to our Global Markets team, having built large
capital markets businesses for global banks. His breadth of experience in creating strong
cross-border teams equips him well to deliver on ANZ’s super regional strategy,” said Mr
Elliott.
Mr Bellotti succeeds Gilles Plante who was appointed ANZ’s CEO North East Asia,
Europe & America in December 2009.
On February 18, ANZ announced the appointment of Warren Hogan as Chief
Economist for Australia. Mr Hogan joined ANZ in 2005 and has been Acting Chief Economist
since Saul Eslake left ANZ in August 2009. He will report to Acting Managing Director Global
Markets, Rob O’Callaghan.
In the role, Warren will lead ANZ’s Economics and Global Markets Research team
which provides economic analysis on the Australian economy, global financial markets, and
the economies of major trading partners. Warren will also be responsible for coordinating
ANZ’s regional economic and financial markets research capability across Asia and New
Zealand.
Previously, Mr Hogan was Head of Australian Economics and Interest Rate
Research at ANZ. Prior to joining ANZ, Mr Hogan was Chief Economist and Head of Interest
Rate Product Research at Credit Suisse First Boston and he has worked in senior economic
positions with Westpac Banking Corporation and NSW Treasury Corporation. Mr Hogan is
also Secretary of the Australian Business Economists and a member of ANZ Private Bank’s
Regional Investment Committee.
Anthony Yuen appointed to National Australia Bank Board
The Chairman of National Australia Bank, Mr Michael Chaney, on February 4
announced the appointment of Anthony Yuen, formerly Group Managing Director, Asia
Pacific, Royal Bank of Scotland, as a non-executive director of the National Australia Bank
Limited Board, effective 1 March 2010.
"Anthony adds further depth of experience in the important areas of financial markets
and treasury. His senior management experience in two major banks will also provide
valuable insights and perspective to our Board," Mr Chaney said.
Mr Yuen worked for Bank of America for 25 years in Hong Kong and Canada in a
range of senior financial markets and treasury roles culminating in his appointment as
Managing Director and Head of Asia Foreign Exchange Trading & Sales for Bank of America.
He joined National Westminster Bank as Regional Managing Director and Asia Treasurer in
1999.
Following the National Westminster Bank merger with Royal Bank of Scotland in
2000 Mr Yuen was appointed Head of Corporate Banking & Financial Markets, Asia Pacific,
for Royal Bank of Scotland. In 2006 he was appointed Group Managing Director, Asia
Pacific, for Royal Bank of Scotland.

ABA Newsletter April 2010
Maybank confirms Rashdan to leave Group
The Malayan Banking Berhad (Maybank) on March 15 confirmed that Maybank
Investment Bank (Maybank IB) Chief Executive Officer Mohammed Rashdan Mohd Yusof
will leave the Group to take up a position at a national institution by June 2010.
On his decision to leave the Group, Rashdan said, "The opportunity to serve the
country is indeed a calling that one takes up, recognizing that it comes with higher
responsibility and the ability for one to contribute to national growth interests. I leave
Maybank with a sense of satisfaction that the Group's investment banking operations are in
a stronger position today. We have built a capable IB team and I firmly believe that the good
work will continue to prosper under the current leadership team. I am grateful to Maybank,
particularly Dato' Sri Wahid for the experience I have had during my stint with Maybank
Group."
Maybank has appointed Amirul Feisal Wan Zahir, currently Managing Director,
Investment Banking Division, as Acting CEO in the interim period.
Maybank also announced the appointment of Abdul Rahman Md Khalid as Acting
Chief Credit Officer to succeed Chief Credit Officer Jamaludin Nasir whose contract term
expires in June 2010. Abdul Rahman began his career in Maybank over 30 years ago and
has served in various capacities in Corporate Banking, Human Resources, Maybank
Indonesia and Group Credit Management where his last held position was as Executive Vice
President, Head of Credit Evaluation. Tracy Ong Guat Kee, Head, Corporate Banking, is
seeking early retirement after 25 years of service. Her retirement takes effect 1 July 2010.