MANILA, Philippines - The Chinatrust Financial Holding Co. (CFHC) has appointed Michael B. DeNoma as chairman of its banking subsidiary, Chinatrust Commercial Bank (CTCB) effective end June. DeNoma succeeds Charles L.F. Lo, who was, in turn promoted to CFHC vice chairman. DeNoma was former chief executive officer of global consumer banking and a group executive director of Standard Chartered Plc.
Before his stint at Standard Chartered, he also held executive marketing roles at Hutchison Whampoa, Citibank, and Pepsi Co. Inc. CTCB is the largest and most respected commercial bank in Taiwan with solid track record of profitability and product leadership. Outside Taiwan, CTCB has subsidiaries in the Philippines, United States, Canada, and Indonesia.
It has branches in Hong Kong, Kowloon, Tokyo, Ho Chi Minh, Singapore, New York, New Delhi, and representative offices in London, Bangkok, Beijing, Los Angeles, Manila and Hanoi.