Net Pacific Financial Holdings names Cheung Ting Chor as director

He has over 25 years of financial and banking experience in the corporate and commercial departments of various financial institutions in Hong Kong.

The Board of Net Pacific Financial Holdings announced the appointment of Cheung Ting Chor as non-executive director.

Mr Cheung, 55, is currently the chief financial officer of Wang Kei Yip Development Limited (WKY), responsible for the overall financial and accounting affairs of WKY and its subsidiaries (WKY Group) since May 2011. The WKY Group is principally involved in the business of scrap recycling, processing, production and sale of aluminum ingot. Mr Cheung is also since August 2010, and on a part-time basis, the head of credit of Net Pacific Finance Group Limited, a wholly-owned subsidiary of the Company, primarily responsible for establishing and developing its financing business and assessing credit proposals, according to a Net Pacific Financial Holdings report.

Mr Cheung was the managing director of Net Pacific Finance Limited from January 2009 to July 2010, responsible for establishing and developing its financing business. Prior to that from 1985 to 2008, Mr Cheung held senior executive positions in the corporate and commercial banking departments of various financial institution, including the vice president & team manager, Corporate & Investment Banking at DBS (Hong Kong) Limited; the first vice president, head of corporate Asia & Europe at Natexis Banques Populaires, and the senior manager, Corporate Banking at Rabobank, Hong Kong. During his employment with the various financial institutions, his primary responsibilities include strategic planning, staff management and training, financial products marketing, credit risk management, budgeting, managing loan portfolios and providing financial advisory on financial corporate restructuring.