POSTD Merchant Banque Ord Shs (OTCMKTS: PMBY) bought a controlling stake in Banco PyME de la Comunidad S.A.
Banco PyME works in the areas of funds, Trusts, and various other commercial activities
Banco PyME works in the areas of funds, trusts and other and other commercial activities. It has 400 employees and has functional offices/branches in the major towns of Bolivia like La Paz, Cochabamba, Beni, Pando, Potosi, Oruro, Taija, and Chuquisaca.
A lot of synergies will occur from this merger. POSTD Merchant will assimilate the new acquisition into it and allow it to operate as a fully authorized bank that will offer the entire gamut of financial services. In addition, the merger will permit POSTD Merchant to broaden its operations in the U.S. and enhance its reputation as a bank.
The merger will allow both companies to pursue significant projects that will see them grow and target human improvements globally. For the merged entity, the focus would be to assimilate both their U.S. and Bolivian operations. It will permit the new entity to achieve its planned goals efficiently and effectively.
POSTD Merchant Banque appoints Jon Masli as President and Chief Operating Officer
In other news, POSTD Merchant Banque has announced Jon Masli as its President and Chief Operating Officer. Mr. Masli has worked as a senior business consultant for the financial markets since 1990.
He has specialized in business equity and funding, mergers and acquisitions, and partnerships. A citizen of Indonesia, Mr. Masli has settled in Southern California who holds a Green Card and a permanent residency in the U.S.
In his 30 years of professional experience, he has several achievements to his credit. He has helped 13 companies list on the Indonesian Stock Exchange. In addition, his drive as an entrepreneur led him to start a recruitment service in 1993. Now called P.T. Prismas Jamintara, this company is one of the top 5 leading Indonesian human capital management companies.
