Republic Financial Holdings Limited (RFHL) announced changes to be made to its Board of Directors. Effective April 30, 2023, Dr. Terrence Farrell has retired from the RFHL Board and Mr. Colin Soo Ping Chow has joined the Group as its newest board member from May 1, 2023. Dr. Farrell first joined as a Director of Republic Bank on April 30, 2008 and on vesting on December 16, 2015, became a Director of Republic Financial Holdings Limited (RFHL).

During his 15-year tenure, Dr. Farrell has always been an active pioneer in developing the Group's governance particularly in the period following its rapid growth by acquisition. His measured wisdom has been invaluable through the organization's evolution. Replacing Dr. Farrell will be Mr. Colin Soo Ping Chow.

Soo Ping Chow is a former Executive Chairman of EY Caribbean (EYC) and has over 3 decades of accounting, auditing and financial services experience. Among his accomplishments include successfully leading EYC for 15 years, across 8 countries with a team of over 700 partners and staff.