NITL announces the appointment of a Financial Controller and the re-designation of Derek Chua
1 November 2011
Dili, Timor-Leste
The Board of Directors of National Insurance Timor-Leste, S.A. announces the appointment of Ashish Gupta as Financial Controller after reviewing and assessing that he is qualified to carry out the duties demanded based on his requisite working experience and capabilities. In his role as Financial Controller, Ashish will be responsible for all finance and accounting matters, including results reporting, cashflow planning and budgeting of the Company.

Ashish has held various senior positions within Bhartiya Samruddhi Investment and Consultancy Limited of the BASIX Group over the past 5 years. In his most recent assignment as Financial Advisor, he worked in the field of accounts, audit, finance and risk management. He was instrumental in defining a robust accounting and financial process there.

He takes up his new position on 1 December 2011 and will report to Collin Yap, Managing Director at NITL.
  Ashish holds a Bachelor and a Master degree in Commerce, a Master of Business Administration and a Post Graduate Diploma of Computer Applications.

Speaking on his appointment, Ashish said: “A growing organization needs a sound financial process and function. Finance department works as the impromptu advisor and contributor to the growth of an organization. I am excited to join NITL at the inflexion point of growth.”

Collin Yap said: “We are growing at a very brisk pace adding clients, carefully selected employees and partners. Ashish’s experience will help us in formulating a streamlined financial function at NITL.”

The Board concurrently announces the re-designation of Derek Chua from Director of Finance to Director of Investments.