ZA Bank appoints Calvin Ng as its new CEO, effective 27 March 2025. Calvin, who has served the bank for over six years, including as its Executive Director since September 2022, will lead the bank in its growth and innovation in Hong Kong’s digital banking space.
Calvin has been closely involved in the Bank’s development and strategic direction. He contributed to key milestones, including the application for a digital banking licence in Hong Kong, the Bank’s official launch, and its growth in the digital banking sector, which reportedly now serves over 800,000 users.
Under his leadership, ZA Bank introduced cryptocurrency trading services for retail investors, reportedly the first licensed bank in Asia to do so. In his role overseeing the retail business, Calvin is responsible for shaping business strategies, product development, and growth initiatives, focusing on improving user experience and ensuring steady, sustainable progress.
The Board of ZA Bank stated that as ZA Bank appoints Calvin Ng as its new CEO, Calvin’s experience in fintech, leadership, and ability to engage with stakeholders position him well for the role.
They are confident he will continue advancing fintech innovation while maintaining strong risk management, further developing ZA Bank’s offerings, and enhancing the digital banking experience for users.
Calvin previously spent 11 years at DBS Bank, including as the Senior Vice President, Head of Digital, Innovation, and Payments for its consumer banking group.
As ZA Bank appoints Calvin Ng as its new CEO, the bank also announced the departure of Ronald Iu as Chief Executive Officer and Executive Director, expressing appreciation for his contributions and extending best wishes for his future endeavours.
