Mr. Chan Heng Fai
Mr. Chan Heng Fai was appointed to the Board as Non-Executive Director on 31 May 2013 and re-designated as Executive Director on 1 March 2014 and subsequently appointed as Chief Executive Officer on 28 April 2014.
Mr. Chan is an expert in banking and finance, with years of experience in the industry. He has also restructured 35 companies in various industries and countries in the past 40 years.
Mr. Chan was the Managing Chairman of HKSE-listed Heng Fai Enterprises Limited (now known as ZH International Holdings Limited) and is responsible for its overall business development. He is also Non-Executive Director of ASX-listed bio-technology company Holista Colltech Ltd.
Mr. Chan was also formerly (i) the Managing Director of SGX Catalist-listed SingHaiyi Group Ltd, which under his leadership, transformed from a failing store-fixed business provider with net asset value of less than S$10 million into a property trading and investment company and finally to a property development company with net asset value over S$150 million before Mr. Chan ceded controlling interest in late 2012; (ii) the Executive Chairman of China Gas Holdings Limited, a formerly failing fashion retail company listed on SEHK which, under his direction, was restructured to become one of a few large participants in the investment in and operation of city gas pipeline infrastructure in China; (iii) a director of Global Med Technologies, Inc., a medical company listed on NASDAQ engaged in the design, development, marketing and support information for management software products for healthcare-related facilities; (iv) a director of Skywest Ltd, an ASX-listed airline company; and (v) the Chairman and Director of American Pacific Bank.
In 1987, Mr. Chan acquired American Pacific Bank, a U.S. full-service commercial bank, and brought it out of bankruptcy. He recapitalised, refocused and grew the bank’s operations. Under his guidance it became a NASDAQ-listed high asset quality bank, with zero loan losses for five consecutive years before it was ultimately bought and merged into Riverview Bancorp Inc. Prior to its acquisition and merger, it was ranked #13 by the Seattle Times “Annual Northwest’s Top 100 Public Companies”, ranked #6 in Oregon state, ahead of name such as Nike, Microsoft, Costco, AT&T Wireless and Amazon.com.