Melco’s finance director to resign at year’s end

Melco Resorts and Entertainment has announced the resignation of its finance director, Tam Chi Wai, effective December 31.

According to a filing to the Hong Kong Stock Exchange, Mr. Tam resigned to focus on a business venture.

The filing also announced the appointment of Geoffrey Stuart Davis, executive vice president and the chief financial officer of subsidiary firm Melco Resorts, to chief financial officer of the company. His role begins on December 31, 2017.

According to the filing, Mr. Davis has been in his current position since April 2011. He joined the company in 2007. Prior to joining Melco, Mr. Davis was a research analyst for Citigroup Investment Research covering the gaming industry from 2001 to 2007.