AMERICAN EXPRESS APPOINTS WALTER LIU AS HEAD OF ASIA REGION TO DRIVE GROWTH IN THE PREMIUM SEGMENT

AMERICAN EXPRESS APPOINTS WALTER LIU AS HEAD OF ASIA REGION TO DRIVE GROWTH IN THE PREMIUM SEGMENT

Walter is well-positioned to lead the region as American Express pursues its strategy to own and serve the premium segment in Asia.

American Express has recently appointed Walter Liu to the newly created position of Head of Asia Region. In this role, Walter will be responsible for supervising the issuing businesses of American Express in Hong Kong, Singapore, Taiwan, and Thailand markets. With more than 20 years of experience with American Express, Walter is a seasoned business leader and risk management veteran with a track record of building and leading high performing teams. He will be based in Hong Kong, where he will also serve as the Managing Director of the Company's operations in the market, leading its proprietary business.


Walter is well-positioned to lead the region as American Express pursues its strategy to own and serve the premium segment in Asia. According to Walter, American Express has established a strong brand presence in Asia, which is a region that is positioned for tremendous growth. He believes that their dedicated colleagues and experienced country management teams will continue to be key factors in owning the premium space, capitalizing on cross-border opportunities, building long-lasting partnerships, and growing a relevant, scalable, and sustainable business for their future.


Before taking up his current position, Walter was the Chief Executive Officer of Express (Hangzhou) Technology Service Co., Ltd, a joint venture formed between American Express and a leading Chinese FinTech company LianLian Group in Mainland China. During his tenure, American Express became the first foreign payments network operator to be licensed by the People's Bank of China to process renminbi transactions in China. Walter also previously held the position of Chief Credit Officer - Asia Region and International Commercial Payments at American Express, where he oversaw and developed the end-to-end risk management strategy, network, and data capabilities across Asia and all markets for commercial payments outside of the United States.


Walter holds both Bachelor and Master's degrees in engineering, as well as a Master of Business Administration from the University of Michigan in the United States. He and his wife, Brenda live with their son Nathan in Hong Kong. American Express is confident that Walter Liu's experience and expertise will help drive the company's growth in Asia.