New director of MTB

Herbert Ludwig Jaeger has recently been appointed as a Director of Mutual Trust Bank Limited (MTB). Prior to joining MTB, he was an Investment Director of DEG-The German Investment and Development Company, Thailand Representative Office and a Vice President/ Senior Investment Manager of DEG - The German Investment and Development Company, Köln, Germany and Senior Investment Manager of Apatar Radolfzell GmbH, Radolfzell, Germany, said a statement.

Jaeger began his career as Credit Manager, Export Financing in 1985, where he served for 5 years from 1985 to 1989. He also served Landesbank Rheinland-Pfalz GmbH, Germany (Central Bank of  saving banks) as Head of Accounting & IT from 1993 to 1995 and ISB - Investitions- und Strukturbank Rheinland-Pfalz GmbH, Germany (Development Finance Institution) as Chief Financial Controller and member of the Management Board from 1995 and served till 1998.

Jaeger has work experience in Advans MFI Myanmar Company Limited, Mandalay, Myanmar and, presently, is a member of the Board of Directors and its Audit Committee since 2018. He serves as Investment Director, Financial Institutions of Norfund - The Norwegian Investment Fund for Developing Countries at the Norfund Bangkok Office.