Burma

Former General Named as Vice-Governor of Central Bank of Myanmar

By The Irrawaddy 26 August 2022

A newly-retired general who is the brother-in-law of prominent business tycoon U Aung Ko Win has been appointed a vice-governor of the junta-controlled Central Bank of Myanmar (CBM).

Major General Zaw Myint Naing was named as one of the bank’s three vice-governors in a shake-up of the CBM’s board. He is married to Daw Tin Tin Ohn, a sister of U Aung Ko Win, who is the chairman of Kanbawza Bank, the biggest private bank in Myanmar.

In the reshuffle, CBM governor U Than Nyein and vice-governor U Win Thaw lost their jobs, while vice-governor Daw Than Than Swe was promoted to governor. Daw Than Than Swe was shot in April by anti-coup resistance fighters at her house in Yangon’s Bahan Township.

Zaw Myint Naing served as a director of the accounts department of the Ministry of Defense, until he was ordered to retire from the Myanmar military to join the CBM. His appointment was announced on August 19.

Previously, he served as the personal staff officer of General Win Myint, Secretary-3 of the previous military regime, the State Law and Order Restoration Council.

CBM governor U Than Nyein and vice governor U Win Thaw were forced to step down on August 18.

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