Yates retires from KSL

Syd Yates has retired as managing director and chief executive officer of Kina Securities Limited (KSL), effective January 2nd 2018.

The announcement yesterday is in line with the market notice on June 22nd 2017 of Yates’ planned retirement and transition to Greg Pawson as the new CEO.

Kina Board chairman, Isikeli Taureka, thanked Yates for his long and distinguished service of over 20 years to Kina and to the Papua New Guinean financial sector.

Taureka said his achievements have been immense and crowned by the successful IPO of Kina on the ASX and POMSoX in 2015, and the acquisition of Maybank PNG by Kina in the same year.

Kina is PNG’s first financial institution to be listed on the ASX.

Taureka also noted the contributions by Yates to the community, particularly in sports administration, representing PNG on several Olympic Games committees.

Taureka wished Syd and Barbara Yates the very best for their retirement.

KSL CEO Greg Pawson is the former head of Westpac South Asia & Pacific.

Pawson, who is no stranger to Papua New Guinea, takes over the leadership in an exciting time for Kina in its next phase of growth, and for the PNG economy with several major resource projects progressing towards project sanction and Papua New Guinea’s APEC 2018 year. 

Author: 
Cedric Patjole