PYI Corporation Limited announced that Mr. Marc Andreas Tschirner has been appointed as the managing director of the Company with effect from 18 January 2021. Mr. Tschirner was an executive director at Bank Julius Baer, Zurich. Between 2016 and 2017, Mr. Tschirner was a director at Deloitte Touche Tohmatsu, Hong Kong. During the period from 21 July 2020 to 8 January 2021, he was an executive director and group chief operating officer of Esprit Holdings Limited. Mr. Lau Tom Ko Yuen has stepped down from the role of Managing Director with effect from 18 January 2021 in order to be more focused in his role as Chairman.