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SINGAPORE GROUP NAMES NEW OFFICERS

SAN FRANCISCO - The Singapore American Business Association (SABA) has announced the election of their new officers for the year 2004.

Edwin Go has been re-elected as SABA's Chairman of the Board. Go is the Founder and Chief Executive Officer of The San Francisco Corporation, an international private equity financial holding company. 

Prior to that he was Senior Vice President and a member of the Board of Director of the Bank of the Orient, a full service commercial bank specializing in commercial loans to businesses, international trade finance and commercial real estate lending.

Wai San Loke is taking up the role of the President of SABA. Loke is a Principal with the Baring Asia Private Equity Funds I & II and is based in their Silicon Valley office.  The Baring Asia Funds invest primarily in private companies with an Asian focus and typically within the IT and Manufacturing sectors. He has been a member of the Board of Directors since 2002.

SABA has elected two Vice-Presidents from its Board of Directors to serve with Go and Loke - Kathy Woeber Gardner, a partner with Orrick, Herrington & Sutcliffe LLP, and Sharon Sim-Krause, president of Panache Communications, LLC.  Gardner also serves as the Association's Legal Counsel and Secretary. S. Jonathan Tang, International Tax senior manager of PricewaterhouseCoopers LLP will serve as Treasurer.

The SABA was founded in San Francisco in 1992, and is the leading business networking association promoting business relationships between companies and entrepreneurs in Northern California/Silicon Valley, Singapore, and the Pacific Rim. 

GRONSKI NEW EVP AT XIMETA

IRVINE - XIMETA has named Robert Gronski to the position of Executive Vice President of Worldwide Sales.

In his new role, Gronski will be responsible for XIMETA's strategic alliances, all channel sales operations and overall sales management.

Prior to joining XIMETA, Gronski, using his extensive worldwide knowledge of Business Development and OEM Programs, successfully developed worldwide sales organizations for five start-up companies or divisions of major companies including Addstor Inc, Common Ground Software, Zen Research, Kenwood Technologies and Philips Electronics.

BofA NAMES PIKE HEAD OF CALIFORNIA OPERATIONS

LOS ANGELES - The Bank of America has appointed Lynn Pike, managing director of Consumer Banking and Distribution for FleetBoston Financial Corporation and a leader with strong banking and community development credentials in California and the Northeast, will succeed Liam McGee as president, Bank of America California.

Bank of America announced on October 27, 2003 an agreement to merge with FleetBoston, creating the nation's premier financial services company. McGee, president of Consumer Banking for the combined company, is moving to Charlotte as he assumes broader leadership responsibilities.

Pike will serve in a dual role as president of Small Business Banking nationally, as well as bank president in California.  She will relocate to Los Angeles and assume those roles when the Bank of America-FleetBoston merger is completed this spring.

She currently leads the FleetBoston Financial consumer businesses, telephone banking and ATM network and oversees the work of 15,000 FleetBoston associates and 1,500 banking centers in eight Northeastern states.

In California, Pike will help integrate fast-growing businesses at every level.  Bank of America is by far the leading retail financial services franchise in California. 

Over the past year, the state has accounted for 40% of the company's retail market share growth and more than 50% of the revenue that Bank of America earns nationally from small business relationships.

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