Bank of Hawaii has appointed Peter Ho, currently president and chief banking officer, as its new chairman, president and CEO following the retirement of Allan Landon.

Mr Ho began his banking career in New York City and joined Bank of Hawaii in 1993. In 1999, he was promoted to senior vice president in charge of corporate banking. In 2001, he was promoted to executive vice president responsible for corporate banking and commercial real estate lending. Two years later he was promoted to group executive vice president in charge of the bank’s Hawaii Commercial Banking Group and became a member of the bank’s managing committee.

In 2004, Mr Ho was promoted to vice chairman responsible for the bank’s investment services group and in 2006 added the title of chief banking officer. He was promoted to president in 2008.

Mr Landon, who joined the bank in 2000 as executive vice president for risk management, subsequently served as chief financial officer and chief operating officer and became chairman and CEO on September 1, 2004.

Mr Landon said: “We are proud that Peter is going to lead Bank of Hawaii. He will do a great job. Peter has everything the bank is looking for in a leader. He has solid banking experience, is committed to our community and is a respected leader. We have a great management team in place and it’s time for the next generation.”

Mr Ho said: “I’ve been fortunate to work with Al for the past decade, and directly for him for more than six years. ‘Perform well and repeat regularly’ is a term Al coined early in his term as CEO. As part of his leadership team, I know we have tried our best to live up to that. Moving forward, our customers can expect our continued focus on service, convenience and innovation.”