New chief financial officer for Jaya

As chief financial officer, Mr Chong will be responsible for financial, treasury and all corporate services, reporting directly to the chief executive officer. Working with senior staff members in the finance team, he will manage relations with shareholders, bankers and regulators as well as provide advisory and analysis services to the executive committee and the Board of Directors.

Prior to joining Jaya, Mr Chong was vice president at United Test Assembly Center Ltd where he oversaw the group’s treasury activities including cash management, financial risk management and taxation.

Mr Sheshashayee Venkatraman, chief executive officer, Jaya Holdings, said: “I am delighted to announce the appointment of Chow Pin as our new Chief Financial Officer. He brings with him a wealth of corporate and financial experience which he will apply to great effect with Jaya.”

Mr Chong will replace Ms Thai Kum Foon who will step down on 31 December 2012.

Offshore vessel builder and operator, Jaya Holdings, provides a range of services and solutions to the maritime industry for marine construction, particularly in the offshore oil and gas sector.