Bank of Asia announces appointment of President
Bank of Asia (BVI) Limited, the only licensed bank in the British Virgin Islands serving global offshore companies and individuals using its digital platform, has announced the appointment of Lisa Lou as President, effective 1 August 2020.
Lou will be based in the BVI, oversee the Bank’s global operations and lead the development and delivery of banking services to offshore companies, trusts, family offices and ultra-high-net-worth individuals from around the world, the firm said in a press release.
She will work closely with Carson Wen, the Bank’s Founder and Chairman, the Board and teams across regions to build out the Bank’s innovative corporate and investment banking, digital asset servicing, FinTech-powered investment and asset management services. Given the travel restrictions and the need to develop the market for the Bank in the Asian market, Lou will work remotely until the requisite permits are obtained and the travel restrictions to the BVI are removed.
Carson Wen, Founder and Chairman, Bank of Asia, said: “On behalf of the Board, I am delighted to welcome someone of Lisa’s calibre to lead our fast-growing global bank. Since our official launch in July 2018, we have invested in cutting-edge FinTech tools and services that are enabling our customers to significantly reduce costs and navigate on-boarding and transactions processes with ease.”
“Technology is revolutionising the global banking and finance industry and Bank of Asia is well positioned to develop itself into a new generation FinTech bank and seize the growth opportunities that exist. We are seeing frequent transactions undertaken by the growing number of customers using our recently launched payment channel “BOA Pay”, and we are looking forward to a period of robust growth for Bank of Asia under Lisa’s leadership with the full support of the Board and the team. I am confident that Lisa’s vision and proven leadership, extensive blue-chip banking experience and intimate understanding of our target customers, will prove invaluable as we enter the next phase of our growth,” Wen added.
Lorna Smith, Vice Chairman, Bank of Asia, said: ““Bank of Asia has been an exemplar of strong environmental, social and governance policies and practices. It emphasises on giving back to the BVI community, such as donating to youth education programmes and most recently, providing thousands of protective medical supplies to fight COVID-19. The appointment of a very widely experienced Asian executive to lead a major bank in the BVI enhances what is already a strong multi-cultural team and underscores the Bank’s unwavering commitment to building a stronger global community.”
Lisa Lou, President, Bank of Asia, said: “Bank of Asia’s unique positioning as a FinTech enabled bank, its distinguished Chairman, its forward-looking board, and its innovative and FinTech-driven culture, were the overriding factors for me to join the bank.”
“As the world wrestles with a pandemic that is wreaking havoc on markets and economies, new impetus is being placed on innovation in the financial ecosystem. Bank of Asia’s focus on delivering advanced digital banking and global asset management solutions anytime, anywhere, leaves it well-positioned to capture new customers in an increasingly cashless world,” she added.
Prior to joining Bank of Asia, Lou was the Senior Managing Director, China country manager and Beijing Branch Manager at State Street Bank. Before that, she spent six years at JP Morgan Chase Bank China as Managing Director, Country head of Financial Institutions and Public Sector Clients, and General Manager of Beijing. During her 20-year career, she has also held senior roles at Standard Chartered Bank China and HSBC Australia.
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