Change in Boardroom

GHL SYSTEMS BERHAD

Date of change 26 May 2017
Name MR KANAGARAJ LORENZ
Age 60
Gender Male
Nationality Malaysia
Designation Executive Director
Directorate Executive
Type of change Retirement
Qualifications
Institute of Chartered Accountants in England & Wales, Institute of Chartered Accountants in Australia, and Malaysian Certified Public Accountant
Working experience and occupation
Kanagara Lorenz ("Raj") was employed for a duration of more than 12 years with Citibank, both in Australia and Malaysia. During his career with the bank he covered several functions including; Head of Marketing for a Corporate Banking business unit, Financial Controller and Risk Manager. 

He left Citibank in 2000 to join NETS Pte Ltd (NETS). NETS is a leading payment systems company in Singapore that operates the national EFTPOS, CashCard, and ATM systems. Raj served 10 years as the Managing Director of eNETS Pte Ltd (eNETS), a wholly owned subsidiary of NETS. eNETS is the dominant operator of a wide range of Internet payment products both in Singapore and Asia. He headed the eNETS Group, developing it into the leading internet payments brand in Singapore by focusing on merchant acquisitions and increasing the consumer adoption rate through awareness programs. Concurrent to this role, Raj also managed the International Markets Business of NETS until 2007. It is a business group responsible for extending NETSs interests into overseas markets through acquisitions, partnerships and alliances with overseas payment operators. Under his tenure, NETS acquired a subsidiary in China that operates stored value payment cards. 

Raj is an accountant by training, having qualified in London as a Fellow of the Institute of Chartered Accountants in England & Wales. He is also a fellow of the Institute of Chartered Accountants in Australia and is a member of the Malaysian Institute of Certified Public Accountants. Raj initial employment was with Ernst & Young, a firm of public auditors and accountants in Malaysia as well as New York.

Raj was appointed as Group Chief Executive Officer ("Group CEO") of GHL Systems Berhad ("GHL") on 8 September 2011. He had resigned as Group CEO and re-designated as Executive Director of GHL on 30 November 2016.
Family relationship with any director and/or major shareholder of the listed issuer
NIL
Any conflict of interests that he/she has with the listed issuer
NIL
Details of any interest in the securities of the listed issuer or its subsidiaries
Raj holds 4,708,900 Ordinary Shares in GHL Systems Berhad




Announcement Info

Company Name GHL SYSTEMS BERHAD
Stock Name GHLSYS
Date Announced 26 May 2017
Category Change in Boardroom
Reference Number C03-18052017-00006