Silver Heritage Group Ltd., an Australian-listed casino operator, announced on Monday that it has named Ben Watiwat as the group’s new chief financial officer, effective Nov. 5.

Watiwat said in a filing with the Australian Stock Exchange that it would replace Basil Jong, who is stepping down as CFO through a “mutual agreement with the board.” Jong would stay in the group for at least three months “to ensure an effective transition,” it added.

Silver Heritage operates the Tiger Palace Resort Bairahawa, a casino resort in Nepal. The company also operates a gaming business at a hotel in the Nepalese capital of Kathmandu and other hotels in Vietnam.

Mr Watiwat joins Silver Heritage from SafetyCulturePty Ltd, an Australian venture-backed software company that held the position of finance and company chief of staff, according to a filing on Monday. The executive is listed in the filing as a certified public accountant with extensive experience across the company’s finance, accounting and technology.

“I’ve been working with Ben for years… “We are delighted that he has accepted this role. Ben has significant experience and skills in capital management, compliance, risk, tax, and reporting. Ben will be an important asset for our business going forward,” said James Spensley, non-executive chairman of Silver Heritage, in a prepared statement included in the filing.

Commenting on his appointment, Mr Watiwat said: “The business has tremendous potential and we are looking forward to working with the team to take advantage of the platform they have created.”

Mike Bolover, the company’s managing director and chief executive, told GGRAsia in September that early repayment of some bonds without financial penalties and the promise of 13.1 million Australian dollars ($9.3 million) in new capital from investors announced in September also provided the company with an opportunity to ramp up operations at casino resort Tiger Palace.

The new CFO appointment was announced shortly after Silver Heritage said non-executive director Robert Benoush had resigned “to focus on other business interests.” In a separate filing on Friday, Silver Heritage said Michael Bassett had replaced him immediately.

“Mr. Bassett has more than 25 years of firsthand experience in the investment market in a variety of senior management roles in Australia and the United Kingdom,” reads Silver Heritage’s Friday filing

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