RETAIL BANKING | Cesar Tordesillas, Thailand

Ekeren named new Bank of Ayudhya CEO

Janice Rae Van Ekeren will succeed Mark Arnold as CEO.

She is the bank's chief financial officer.

BAY’s board of directors also resolved to appoint Philip Tan Chen Chong, head of consumer finance and E-Business Group, as the bank’s president. He would also replace Arnold as the bank’s director and executive director.

The appointments should be effective on January 1, 2013, the bank said in a filing to the Stock Exchange of Thailand.

Van Ekeren joined GE Capital in 1995 and has held roles of increasing financial responsibility in the areas of commercial lending, consumer banking, regulatory compliance and strategic acquisitions in Europe, Asia and the United States.

In January 2007, she joined BAY as Chief Financial Officer and Executive Director. She holds an MBA in Finance from University of Chicago and Bsc in Industrial Administration from Iowa State University. She is a Certified Public Accountant from the American Institute of Certified Public Accountant.

Tan joined GE Capital Thailand in 1993 and then relocated to GE Capital in the United States before returning to Thailand as the Chief Marketing & Sales Officer for GE Money Thailand in 2007. He was subsequently appointed CEO for GE Money Thailand. In 2010, Tan assumed the role of Head of Consumer Finance for the Bank, overseeing and leading the credit cards, personal loans and auto financing businesses.

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