Bankoh names new president
Peter Ho, who five years ago became the youngest member of Bank of Hawaii Corp.'s managing committee, yesterday became its new president.
COURTESY BANK OF HAWAII
Peter Ho was named Bank of Hawaii's president yesterday.
Ho, 43, was previously vice chairman. He will continue his role as chief banking officer, overseeing retail and commercial banking and investment services, and remains on the bank's managing committee and board of directors.
"Peter is an excellent leader with solid banking experience," said Al Landon, chairman and chief executive officer, who formerly held the title of president.
Ho, who has worked at the state's second-largest bank for 15 years, most recently led the integration of its three primary revenue-generating businesses, which helped boost earnings nearly 21 percent in the first quarter to $57.2 million, or $1.18 a share, from $47.3 million, or 94 cents a share, a year ago.
He plans to continue efforts to grow in the Hawaii market, though he declined to disclose projections.
"We're doing pretty well, so we'd be hesitant to change a whole lot," he said. "We're on an opportunistic growth path, where we can find market niches we're going to pursue that."
Ho, who began his career in New York in 1987 at Manufacturers Hanover Corp., now part of J.P. Morgan Chase & Co., managed several commercial banking units and in 2003 assumed responsibility for the bank's Hawaii Commercial Banking Group. In 2004, he was appointed to head the bank's Investment Services Group, and later was named chief banking officer.
Meanwhile, Kent Lucien, who previously served as chief executive officer of operations and chief financial officer for C. Brewer & Co. Ltd., has been named interim chief financial officer and vice chairman, replacing Dan Stevens, who will return to the mainland.
Derek A. Baughman, Sharon M. Crofts, Lee Y. Moriwaki and Dean Shigemura have been promoted to senior executive vice president from executive vice president. They will also become members of the managing committee.