UTStarcom, a networking solutions firm, has hired Kenneth Luk as senior vice president and chief financial officer (CFO).
Luk’s business career spans over 30 years, including senior level financial and executive management positions at several Asian based technology companies. Prior to joining UTStarcom, he served as CFO for China Sunergy Company from December 2007 to March 2009. From April 2004 until June 2007, he was corporate controller, Asia/Japan of Freescale Semiconductor Hong Kong, a spin-off business of Motorola.
From 1990 until the business spin-off, Luk served in a number of positions with Motorola Semiconductor Hong Kong, most recently as its sector controller of Asia/Japan from March 2002 to March 2004. Prior to joining Motorola Semiconductor, he worked for AS Watson & Company as group credit manager from July 1985 to December 1989.
Luk began his career at HSBC in 1977. He received a BA in Economics from University of Toronto in Canada and holds a MBA from York University, Ontario, Canada.
Viraj Patel has been serving as the company’s interim CFO while the search for a China-based CFO was being conducted. He will remain with the company for a transition period to assist Luk in his new role.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.