Archive for March, 2019

Bank of Asia (BVI) Limited appointed new President

Tuesday, March 19th, 2019

Bank of Asia (BVI) Limited, the first digital bank in the BVI and one of the first fully digital cross-border banks in the world, announced the appointment of senior banker Dr. Peter Reichenstein as President. He replaces Bank’s former Interim President Wayne Yang who has returned to Hong Kong to his post of Managing Director and Head of Wealth Management at BOA Financial Group. The appointment of the new President is effective 15 March 2019.

Dr. Peter Reichenstein will be based in Tortola, BVI, and 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.

For over 10 years Dr. Reichenstein was Managing Director and Chief Executive Officer at VP Bank and Trust Company (BVI) Limited; prior to this he worked at UBS Private Bank, Financial Planning & Wealth Management International. He is also a former President of the BVI Bankers’ Association and member of the Economic Advisory Committee to the Premier and Minister of Finance in the BVI. Originally from Switzerland, he has been domiciled and has been working in the British Virgin Islands since 2000.