Yoma appoints Andrew Rickards as CEO

Mr. Rickards appointment is well positioned to develop the company’s businesses in Myanmar.

Yoma Strategic Holdings Ltd. (“Yoma”) and its subsidiaries (collectively, the “Group”) on Monday announced the appointment of Asia finance industry veteran, Mr Andrew J. Rickards, as its Chief Executive Officer (“CEO”) and as an Executive Director of the Board.

Mr Rickards has spent the past 20 years working in Asia and has held several senior positions in some leading international financial institutions including Providence Equity Partners, N.M. Rothschild & Sons, Goldman Sachs and Schroders. With his experience in developing markets such as China, India, Indonesia and Vietnam, Mr Rickards is well positioned to develop Yoma’s businesses in the newly-emerging country of Myanmar, in both breadth and scale. A member of the Institute of Chartered Accountants in England and Wales, Mr Rickards also sits on a number of boards including NASDAQ-listed Charm Communications Inc, according to a Yoma report.

Commenting on the appointment of Mr Rickards, Mr Serge Pun, Executive Chairman of Yoma said: “I am extremely glad to have Andrew come on board as CEO of Yoma. Andrew has a wealth of experience of working with companies in Asia’s emerging markets and will help us grow Yoma into a broad-based business at such an exciting time as we are currently experiencing in Myanmar. Andrew will bring a level of professional dynamism which I hope will transform Yoma whilst allowing me to focus more on strategy and further develop its business in Myanmar”.