The Monetary Authority has appointed Paul Jeremy Brough of KPMG as interim manager of Delta Asia Credit Limited, an authorised deposit-taking company in Hong Kong and subsidiary of Banco Delta Asia in Macau.

The manager's mandate is to conserve the assets of Delta Asia Credit Limited and restrict any increase in its liabilities pending the outcome of investigations or other actions the Macau authorities are carrying out.

The authority has been closely monitoring Delta Asia Credit Limited's activities. In light of US Department of the Treasury investigations into the affairs of its parent company in Macau, the authority had taken measures designed to ring-fence Delta Asia Credit Limited's assets.

It said today's appointment of a manager will help to provide protection to the institution's depositors and safeguard the integrity of the banking system, the authority said, adding it will continue to monitor the situation closely.

Delta Asia Credit depositors and creditors should contact Delta Asia Credit Limited by telephone at 2533 0873 if they have any enquiries.