There's change at the top of a bank that is one of the new, digital players operating from Hong Kong.

Hong Kong-based ZA Bank has appointed a new CEO, Calvin Ng (main picture), who taking up the role vacated by Ronald Lu. Lu stepped down as chief executive and executive director.

Ng (pictured below) has served as an executive director of the lender since September 2022, ZA Bank said in a statement yesterday. A founding member of the bank, he was involved in its application for a digital banking licence in Hong Kong and its business launch as a digital bank in the city. (This publication covered Lu's appointment here.)

Ronald Lu

“Calvin’s proven track record, leadership experience in fintech and strong stakeholder management made him an ideal successor,” the bank said in a statement. “We are confident that he will further drive fintech innovation alongside robust risk management, lead ZA Bank in breaking new ground, and deliver a safer, more reliable, and more convenient one-stop digital banking experience for our users.”

ZA Bank was licensed by the Hong Kong Monetary Authority in 2019. Established in 2017, it operates as a subsidiary of ZA Global for exploring global fintech and insurance technology opportunities.