GGRAsia – Melco Resorts’ CFO to assume same post in parent firm

Melco Resorts’ CFO to assume same post in parent firm

Nov 03, 2017 Newsdesk Latest News, Macau, Top of the deck

Geoffrey Davis (pictured), an executive vice president and the chief financial officer of Asian casino developer Melco Resorts and Entertainment Ltd, will be appointed as the chief financial officer of its Hong Kong-listed parent firm Melco International Development Ltd with effect from December 31, according to a Melco International filing on Friday.

As the chief financial officer of Melco International, Mr Davis would “assume full responsibility for the financial and treasury functions” of the firm, in addition to his current responsibilities at Melco Resorts, the announcement stated.

Mr Davis takes on the additional role following the departure of Dennis Tam Chi Wai, as group finance director of Melco International.

Mr Tam has tendered his resignation, with effect from December 31, “to devote his time to start a business venture,” said Friday’s filing, further noting Mr Tam had “no disagreement” with Melco International’s board.

Mr Davis was appointed as an executive vice president and chief financial officer of Melco Resorts in April 2011, at which time the group was known as Melco Crown Entertainment Ltd due to the then involvement of Australia’s Crown Resorts Ltd. Prior to these positions, had served as the deputy chief financial officer of the casino group from August 2010 to March 2011 and senior vice president, corporate finance of it from 2007, the year he joined the casino group, according to the filing.