KUALA LUMPUR (Dec 31): Geoffrey Ng Ching Fung has been appointed the non-executive chairman of Kronologi Asia Bhd effective tomorrow (Jan 1), following the resignation of Gerard Tan Wee Seng.

In a filing with Bursa Malaysia today, Kronologi said Ng's career spans 22 years in international investment management and advisory, and he is currently a director at Fortress Capital Asset Management (M) Sdn Bhd.

Ng, 45, was previously chief executive officer and executive director of Hong Leong Asset Management Bhd, senior vice president at Dubai Investment Group and chief investment officer of Pacific Mutual Fund Bhd.

According to Kronologi's Annual Report 2017, Tan, a Singaporean, was appointed to Kronologi's board on June 5, 2014 as senior independent non-executive director and subsequently designated to his current position on Oct 19, 2015.

Tan, 64, retired as a partner of PricewaterhouseCoopers LLP, Singapore in 2012 after 34 years with the firm.

Kronologi shares closed down 1.5 sen or 2.42% at 60.5 sen today, with 2.54 million shares done, bringing a market capitalisation of RM241.28 million.