Michael DeNoma

DeNoma graduated with a BA from the Honors Tutorial College at Ohio University in 1977. He earned an MBA in finance from the Wharton School of Business at the University of Pennsylvania in 1981.

DeNoma began his career with Procter & Gamble in 1982 as a brand manager based in Cincinnati, Ohio. He moved to PepsiCo Inc. in 1985, where he served as an international director of marketing, overseeing operations in 65 countries across Southern Europe and Africa. He was later promoted to vice president and general manager in the PepsiCo Restaurant Group. In 1989 DeNoma relocated to Singapore as senior vice president for Citigroup, with responsibility for marketing and consumer banking across Asia and the Middle East. He was appointed Chief Operating Officer of Hutchison Whampoa in 1991, increasing growth over the company’s core sectors in retail, media and consumer packaged goods. In 1993 DeNoma established Asia Foods Limited, expanding the business across China while serving as the company’s chief executive and board chairman until its sale in 1999.

DeNoma joined Standard Chartered Bank in 1999, and was appointed CEO of its Global Consumer Bank in 2000, a position he held until 2009. As CEO, DeNoma grew revenues by $4 billion over the course of seven years, and increased the company’s customer base from 5 million to 14 million. He was appointed to the Standard Chartered Plc board of directors in 2000.

Between 2009 and 2012 DeNoma was the Chairman and CEO of CTBC Financial Holdings (formerly Chinatrust Commercial Bank) in Taiwan. He led the turnaround of the family-owned bank after being recruited by Morgan Stanley Private Equity, increasing profits to company record levels of $570 million in 2011.

From 2012 to 2016 DeNoma was CEO of GLH Hotels, the largest hotel owner-operator in London, as well as GuocoLeisure, the Singapore-listed investment company with investments in leisure, gaming, oil and gas, and property development. Under DeNoma’s leadership, the Guoman and Thistle brands were rebranded and incorporated into GLH Hotels, comprising the hotel brands Clermont, Amba, and Every.

In 2017, DeNoma returned to the financial sector when he was appointed as Advisor to the Chairman, and CEO of KBZ Bank in Myanmar.

DeNoma has previously served as Senior Advisor at KKR & Co. L.P, the American multinational private equity firm. He was also a member of the Advisory Board at McKinsey & Company, the worldwide management consulting firm, as well as a member of the board of Trustees for Singapore Management University.

DeNoma is a member of the board of directors for the International Centre for Missing & Exploited Children. In 2011, DeNoma ran a 400 km ultra-marathon from Kaohsiung to Taipei as part of China’s Silk Road Run to raise awareness for ICMEC.

DeNoma was awarded Global Retail Banker of the Year in 2008 and Best Retail Banker 2007 by the Asian Banker.