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APPOINTMENTS

New Head of Business Strategy

I am pleased to announce that Karen Fung has joined A&N Bank as Head of Business Strategy based in Singapore.

Karen will focus on developing our Corporate & Investment Banking initiatives in addition to working with me to fine-tune our overall group strategy.

Karen is joining us from Q&B Corp. where she was a partner in the Asia Pacific Financial Services Practice based in Singapore, responsible for South East Asia.

Karen has been based in Asia for the past 12 years during which time she has consulted for the majority of the region's major financial institutions from Mumbai down to Auckland.

During the course of her career, Karen has been involved with over 10 projects with ABC Bank ranging from Asset & Liability Management in 1990 to the recent Treasury Strategy and Corporate & Investment Banking reorganization.

Please welcome her to our team.

Peter Jenkins

Group Head of Strategy