The Advans Group would like to announce that after over 20 years as CEO, on 21 January 2019 Mr Phalarin Chea retired as CEO of Amret. Mr Chea will be succeeded by Mr Dos Dinn, current Deputy CEO. This appointment ensures a smooth transition of leadership at Amret and will enable the institution to continue in its mission to accelerate financial inclusion in Cambodia and respond to its clients’ evolving financial service needs.
Under Mr Chea’s leadership, Amret has grown from a microcredit only institution, into a Microfinance Deposit-taking Institution providing a full range of credits and financial services to more than 450,000 MSME and low-income clients in rural and urban areas. After his retirement, Phalarin will continue to serve as Board member of Amret and Advans Myanmar.
Mr Dos Dinn commented: “Mr Chea leaves us with a solid company, strengthened by a common mission and corporate culture. These are sound foundations, on which we can build our ambitions for the company’s next phase of development, where we will focus on significantly growing our client base, reinforcing our impact and continuing to create value for our shareholders.”
Read the full press release here.