Bank of Asia Appoints Dr. Peter Reichenstein as President
According to a release from the company, based in Tortola, Mr Reichenstein replaces Wayne Yang, the Bank’s former Interim President, who has returned to Hong Kong to continue his duties as Managing Director and Head of Wealth Management at BOA Financial Group.
“Peter will work with Carson Wen, Founder and Chairman of Bank of Asia, and the Board to execute the Bank’s strategy in providing core banking services to offshore companies, trusts, and high net worth individuals from around the world,” the release notes.
Vast Experience
Peter spent more than a decade at VP Bank and Trust Company (BVI) Limited, where he was Managing Director and Chief Executive Officer responsible for growing the Bank’s operations in the BVI. Prior to this, he worked at UBS Private Bank, Financial Planning & Wealth Management International.
A former President of the BVI Bankers’ Association, he has also been a member of the Economic Advisory Committee to the Premier and Minister of Finance in the BVI.
Commenting on the appointment, Carson Wen said: “I am delighted that Peter is joining Bank of Asia as President. He brings more than 30 years of banking experience, including a decade based in the BVI, and has an exceptional reputation for serving customers and growing businesses.
The release notes that Mr Reichenstein will play a pivotal role as Bank of Asia seeks to capitalise on strong demand for digital banking services among Asian high net worth Individuals and offshore companies.
Exciting Opportunity
“Bank of Asia is an exciting opportunity for me as a senior banker to contribute some of my experience in international and local banking to a new, exciting web-based banking institution with great potential for rapid growth,” Mr Reichenstein said.
Originally from Switzerland, Peter completed his doctorate studies at the University of St. Gall in 1986 and the International Executive Program (IEP) from INSEAD in 1995. He is fluent in German and English and also speaks French and Spanish. He has been domiciled in the British Virgin Islands since 2000.
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11 Responses to “Bank of Asia Appoints Dr. Peter Reichenstein as President”
The VIP just got in to office and already you disgruntled NDP supporters are on the attack like always instead of trying to unite the country and work for the betterment of our country you try to sabotage this party but it’s not the party that you are sabotaging it’s you s d your family along with all of us what ever you do to destroy the VIP you are going to all of us and it’s a crying shame the way that some of you think when is this nonsense going to stop think of what you are doing to your kids and the other kids and the seniors of this country you are to be ashame of your self and it’s not just you but all of you with this mentally if you can’t do something good for this country or something productive just go sit down enough is enough man go sit down
The BVI Labour Arbitration Tribunal finally ruled in August 2018 that my dismissal was unlawful and awarded me financial compensation
Past employee