NEW BOSS FOR GIGAMEDIA

10 August 2007

CFO takes command

Taiwan-based GigaMedia Limited has announced the appointment of Thomas Hui as President and Chief Operating Officer of the company with immediate effect.

Hui has served as the Chief Financial Officer of Giga for the past three years - and will continue to oversee the company's financial functions in an interim capacity until the appointment of his replacement.

"Thomas is a multi-talented leader who has been instrumental in the transformation and growth of GigaMedia," stated CEO Arthur Wang. "As President, we are confident Thomas will drive even greater growth in our online entertainment businesses."

Hui joined the company three years ago following a management career at the global investment bank Goldman Sachs, where he was Executive Director. At Goldman Sachs, Hui was responsible for a broad range of mergers and acquisitions and financing transactions. Prior to Goldman Sachs, he worked as an investment banker at Merrill Lynch and as a management consultant at McKinsey & Company, both in Hong Kong.

"The President and COO positions are newly created, strengthening the senior management at GigaMedia, enabling us to further exploit the enormous market opportunities before us," explained Wang.

GigaMedia acquired the Grand Virtual online gambling software group some time ago, and owns up and coming online poker site Everest Poker.

Online Casino News courtesy of InfoPowa