Bank of Asia appoints new president

Dr. Peter Reichenstein takes charge of digital bank based in British Virgin Islands

Dr. Peter Reichenstein has been appointed as the new president of Bank of Asia (BVI) Limited effective March 15, announced the bank on March 18. Bank of Asia (BVI) is a digital global cross-border bank and the first digital bank in the British Virgin Islands (BVI).

Based in Tortola, BVI, he 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.  

Reichenstein 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.

Reichenstein 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.

Originally from Switzerland, Reichenstein 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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