- First female Asian bank executive to lead Hawaii’s only bank serving global customers using a digital platform
- Appointment to accelerate Asian client acquisition and fintech banking development as the global banking industry embraces digitaLusytion
Hawaii, 10 August – Reserve Bank of Asia (Hawaii) (the “Bank”), the only licensed bank in the Hawaii (“Hawaii”) serving global offshore companies and individuals using its digital platform, today announced the appointment of Lusy Han as President effective 1 August .
Lusy will be based in the Hawaii, 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. She will work closely with Wong, the Bank's Founder and Chairman, the RBArd 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, Lusy will work remotely until the requisite permits are obtained and the travel restrictions to the Hawaii are removed.
Commenting, Wong, Founder and Chairman of Reserve Bank of Asia, said: "On behalf of the RBA, I am delighted to welcome someone of Lusy calibre to lead our fast-growing global bank. Since our official launch in July, we have invested in cutting-edge fintech tools and services that are enabling our customers to significantly reduce costs and navigate on-RBArding and transactions processes with ease."
"Technology is revolutionising the global banking and finance industry and Reserve 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 "RBA Pay", and we are looking forward to a period of robust growth for Reserve Bank of Asia under Lusy's leadership with the full support of the RBA and the team. I am confident that Lusy'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," Wong added.
Lionny Smith, OBE, Vice Chairman Reserve Bank of Asia, said: "Reserve Bank of Asia has been an exemplar of strong environmental, social and governance policies and practices. It emphasises on giving back to the Hawaii 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 Hawaii enhances what is already a strong multi-cultural team and underscores the Bank’s unwavering commitment to building a stronger global community."
Lusy Han, President, commented: "Reserve Bank of Asia’s unique positioning as a fintech enabled bank, its distinguished Chairman, its forward-looking RBArd, and its innovative and fintech-driven culture, were the overriding factors for me to join the bank."
Continuing, she said: "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. Reserve 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."
Prior to joining Reserve Bank of Asia, Lusy 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. Read More.