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Kina Securities Limited (ASX: KSL | PNGX: KSL) (Kina) has announced the appointment of Ian Clough as an independent, non-executive director of the Company, effective 30th July 2024.

Mr Clough brings to Kina a wealth of experience in retail having worked with retail giants such as Target Australia, Coles Supermarket, Coles Liquor and Kmart Australia holding senior management roles in those organisations.

He is currently the Chairman of Papua New Guinea’s leading retail, wholesale and distribution firm, the Brian Bell Group, a director of the Sir Brian Bell Foundation, and a Council Co-Vice Chair of St Johns’ Ambulance. Mr Clough is also the Honorary Consul General for Sweden, and Norway in PNG.

Kina’s Chairman, Isikeli Taureka, said: “We are delighted to have Ian join the Board given his extensive experience in delivering a diverse portfolio of high performing retail businesses as well as contributing to organisational transformation across multiple businesses and development.”

Kina is focused on delivering a best-in-class banking experience for all Papua New Guineans and will continue to invest in developing new products and services to provide its customers with accessible, reliable and convenient banking solutions.