HONG Leong Finance on Friday announced that Ian MacDonald will resign as president of the company with effect from Oct 1.
The reason for cessation was "to return to his home country with his family, after spending more than 14 years in Singapore".
Mr MacDonald, 60, was appointed president of Hong Leong Finance in February 2002, having overall responsibility for the company's operations.
Ang Tang Chor, currently deputy president of Hong Leong Finance, will succeed Mr MacDonald as president, with effect from Oct 1. The 68-year-old was formerly senior executive vice-president (corporate and consumer business) of Hong Leong Finance.