In the meantime, James Henry Lau Jr, who has served as chairman since November 2021, will step down from this position effective 1 October 2026 to assume his new role as advisor to the chief executive.

Together, they will continue to steer PingAnDB's strategic growth, deepen synergies with its parent company, Lufax Holding, and advance the bank’s positioning as one of the integrated financial platforms in Hong Kong under Ping An Insurance (Group) Company of China.

Yip has decades of distinguished leadership experience spanning the banking and financial sectors. He has served as chairman and independent non-executive director of Lufax since April 2025. Notably, Yip served as the founding chairman of Ping An Digital Bank (formerly Ping An OneConnect Bank (Hong Kong) Limited and PAObank) from August 2019 to November 2021.

During his extensive executive career he has served in senior roles including chief executive of China business at the China area office of The Hongkong and Shanghai Banking Corporation Limited (HSBC), general manager of HSBC, and executive vice president of Bank of Communications, together with directorships at DBS Bank (HK), DBS Bank (China), Ping An Insurance, and the original Ping An Bank.

“On behalf of the board, I extend a warm welcome to Mr Dicky Yip on his return to Ping An Digital Bank,” Lau said. “I am confident that his leadership will reinforce synergies between Lufax and the bank, unlocking momentum to deliver superior, integrated financial services for both retail and business customers.”

Yip added: “I would like to express my sincere gratitude to Mr James Lau for his valuable contributions to Ping An Digital Bank over the past five years. Under his stewardship, the bank built a solid foundation in business banking, using that strength to comprehensively upgrade its retail banking offering.”