Fijian Appointed Top Finance Position at BSP

Date: Friday 29 May 2020

The BSP Group Board has announced the appointment of Ronesh Dayal as its new Group Chief Financial Officer (GCFO) effective from 01st June 2020. He currently holds the position of CFO-PNG and succeeds Eddie Ruha who has since taken his well-earned retirement.

Ronesh Dayal"An experienced and detail-oriented Chief Financial Officer, with over 15 years of experience in the financial services industry, having worked in Fiji and PNG. His wealth of experience and leadership capabilities has seen him advance rapidly into management positions," said BSP Group Chief Executive Officer Robin Fleming, when announcing the appointment of Mr Dayal.

In 2010, at the young age of 28, Mr Dayal stamped his mark by becoming the first local appointed to the post of CFO for BSP Fiji.  "Ronesh progressed rapidly into executive roles within BSP, first in Fiji then as the Deputy CFO- BSP (PNG) position in 2014 and eventually CFO - PNG Bank in 2017," mentioned Mr Fleming.

The Group CEO went on to say that Mr Dayal has achieved a number of accomplishments during his finance career and demonstrated his strong leadership abilities positively in his previous positions.  He is also the current President of CPA Australia - PNG Branch and acts as mentor to a number of BSP's Leadership and Management Development program (LMDP) participants.

Ronesh will oversee BSP's Finance & Planning operations for the Group which includes commercial banking and finance services, funds management and life business entities throughout Papua New Guinea and the Asia Pacific Region.

Mr Fleming acknowledged the contribution to the BSP Group by outgoing GCFO. "Having lived and worked in PNG for nearly 30 years, 8 of which were with BSP, Eddie Ruha has contributed immensely to the growth of the BSP Group through dedication, commitment and effective leadership."

Speaking on behalf of the BSP Board of Directors, Mr. Fleming commended Eddie; "He played a pivotal role in supporting the expansion of the BSP Group across the Pacific and Asia and in ensuring the Finance & Planning SBU, adapted to BSP's changing financial environment and ensuring the BSP Group complied fully with the increasing demands of all our stakeholders."

"Eddie has decided to retire to spend more time with his family in New Zealand and we wish him and his family all the best in the future. Eddie will be leaving BSP in June," added the BSP Chief.

"We thank Eddie and wish him the best in the future and congratulate Ronesh on his appointment to the role of Group Chief Financial Officer," concluded the BSP GCEO.

Commenting on Mr Dayal's appointment to this very senior Group Executive position, Fiji Country Head Haroon Ali said that "the BSP Fiji family was extremely delighted and very proud of Mr Dayal's promotion to a senior group executive. This appointment further demonstrates the Group's strong commitment to promote internal and local talents. My Fiji staff join me in congratulating Mr Dayal on his appointment to this Group Executive role and we all wish him the very best."