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Nigel Cowie


Personal Details

Name......................Nigel Cowie
Year of Birth............1962
Qualifications...........MA
Nationality...............British
Location..................Pyongyang




Academic Background

School.....................The King's School, Canterbury (1975-1980)
University.................Edinburgh University (1980-1984)
Degree.....................Chinese MA (Hons)

Career Details

Phoenix Commercial Ventures Ltd (International)
Director (2005- )

European Business Association (Pyongyang DPRK)
President and Founder Member (2005- )

Hana Electronics JVC (DPRK)
Chairman (2003- )

Daedong Credit Bank (Pyongyang DPRK)

General Manager and CEO (1998- )

Peregrine Daesong Development Bank (Pyongyang DPRK)
General Manager of the bank and responsible for Peregrine Special Projects Ltd - project finance in the DPRK(1995-1998)  

The Hongkong and Shanghai Banking Corporation (Asia Pacific)
Securities Manager (1992-1995)

The Hongkong and Shanghai Banking Corporation (Asia Pacific)
Assistant Operations Manager (1990-1992) 


The Hongkong and Shanghai Banking Corporation (Hong Kong)
Various roles including Assistant Manager Group Finances (1985-1990) 


The Hongkong and Shanghai Banking Corporation (London, Qatar, Hong Kong)
Training and General Banking (1984-1985) 


Key Skills/Career Highlights

  • Over twenty years international banking and finance experience (DPRK, Asia Pacific, Europe and the Middle East) including ten years living in Pyongyang

  • Management and leadership skills, eg the successful establishment and development of: the Daedong Credit Bank, Phoenix (n饠Crocus) and the establishment and management of a major HSBC securities safe custody and settlement operation

  • In depth experience with working in the DPRK and with banking and commercial business operations in the DPRK

  • Hands on experience of managing and setting up banking and commercial operations in "greenfield" sites via the Daedong Credit Bank, the Daesong Bank and Peregrine Special Projects Ltd 

  • In depth experience and knowledge of the customs and business practices in the DPRK, coupled with an extensive and unrivaled network of business and personal contacts

  • Excellent language skills including; Korean, Chinese (Putonghua), German and French

  • In depth international exposure to a variety of manufacturing, commercial, marketing, treasury and administrative/back office organisations

  • High level interpersonal skills, coupled with the ability to interact with people at all functional levels from a variety of cultural backgrounds

  • Experience and detailed knowledge of best practice with respect to banking codes of conduct 


Please feel free to contact us, via our contact form.



  © Phoenix Commercial Ventures Ltd 2005