Asia Risk 15: David Li, Bank of East Asia
Chairman and chief executive of Bank of East Asia, David Li Kwok-po, is a consummate relationship banker who has expanded the Hong Kong family bank’s footprint into mainland China. But he places high importance on quantitative risk management. By Georgina Lee and Christopher Jeffery
David Li Kwok-po’s family has run the Bank of East Asia since its founding in 1918. The extended Li family collectively still owns a sizeable stake of Hong Kong’s largest independent bank, and 70-year old Li looks set to hand over the bank to his sons, both of which are currently deputy chief executives, thereby continuing family control to four generations.
So it is no surprise that Li is well connected locally. He is a member of the Legislative Council of Hong Kong, representing Hong Kong’s
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