This article first appeared in The Edge Financial Daily, on March 9, 2016.

KUALA LUMPUR: Banking solution provider Microlink Solutions Bhd has appointed Chia Yong Wei as its new chief executive officer (CEO) with effect from April 1, replacing Peter Yong Kar Seng who will retire from the position on March 31 after serving as CEO for the past 11 years.

In separate filings to Bursa Malaysia yesterday, Microlink said Chia, 39, currently holds several positions in Omesti Bhd, which is the holding company of Microlink, with a 79.02% stake.

“He is group chief technology officer of Omesti Group and chief operating officer of Omesti Innovation Lab (M) Sdn Bhd, the technology and application development arm of the Microlink group,” said the group.

It added that Chia also serves as CEO/country manager of CA-IT Infrastructure Solutions Sdn Bhd, which is also part of Microlink and the partner of CA Technologies in Malaysia.

Microlink also announced the redesignation of its non-executive director, Monteiro Gerard Clair, 44, to the role of executive director, and the appointment of Mah Xian-Zhen, 34, as non-independent and non-executive director. Mah is the daughter of Datuk Mah Siew Kwok, a major shareholder of Microlink.

Microlink shares closed down eight sen (4.5%) at RM1.70 yesterday, with a market capitalisation of RM246.49 million.