Appointment of Ronald Iu as ZA Bank new CEO

ZA Bank Limited (“ZA Bank”) has announced the appointment of Ronald Iu as Chief Executive Officer and Executive Director, effective today.

Ronald joined ZA International, the parent company of ZA Bank, as Chief Strategy Officer in February 2022, and later became Chief Risk Officer of ZA Bank. He has over two decades of solid experience in banking and finance, ranging from risk management, sales and marketing to the development of innovative FinTech products.

Prior to joining the ZA family, Ronald was Chief Executive of Airstar Bank. He also served as senior management in various global and local financial institutions, including GE Capital (HK), China CITIC Bank International, Standard Chartered, and PrimeCredit.

Ronald succeeds Rockson Hsu who has stepped down as CEO and Executive Director of ZA Bank to pursue new opportunities. The Board of ZA Bank would like to express its sincere gratitude to Rockson for his contribution to building ZA Bank as a leading digital bank in Hong Kong, and congratulate Ronald on his appointment.

Ronald will step down as Chief Risk Officer with immediate effect. ZA Bank will announce the appointment of a new CRO in due course.

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About ZA Bank

ZA Bank Limited (“ZA Bank”), licensed by the Hong Kong Monetary Authority (“HKMA”) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (“ZA International”). With its “Community-Driven” approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.

ZA Bank is Hong Kong’s No.1 virtual bank. Based on market data as of 30 June 2022, ZA Bank has gained the support of more than 600,000 users, becoming the largest virtual bank in terms of user base in Hong Kong with a leading position in the virtual banking industry in terms of customer deposits and loan & advances.

ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.