The executive suite at Octopus Holdings is about to experience a significant shift, with the board announcing Tim Ying as their incoming Chief Executive Officer (CEO). Ying, a reputable figure with a prolific background in the digital payments space, will take over from the outgoing CEO, Angus Lee, on October 1st. The appointment is part of the firm’s strategic efforts to strengthen their online and digital capabilities amidst the growing trend of digital payments.
As a precursor to his new role, Ying will join the company on August 1st. During this interim period, Angus Lee will assist Ying in the transition process before he returns to MTR Corporation, his former company, where he will resume another leadership role.
Ying’s two decades-long career in banking and payments industries boasts of a wealth of experience that makes him the perfect fit for this role. Before this new engagement, Ying was the General Manager of Digital Experience at Cathay Pacific Airways. He has also served in various leadership capacities at HSBC, with his final role as the Chief Product Officer of the digital wallet, PayMe.
Octopus Holdings’ Non-Executive Chairperson, Jeny Yeung, is confident that Ying’s comprehensive knowledge in digital payments and user experience design will prove pivotal in transforming Octopus. The company intends to shift from being a mere transactional platform to the most preferred digital channel for payments and customer engagement.
Yeung also expressed gratitude to the outgoing CEO, Lee, for his significant contributions during his four-year tenure. Under Lee’s leadership, Octopus saw record usage, and Mobile Octopus achieved admirable success. The company is appreciative of his dedication and wishes him the best in his next endeavour.
In a statement, Ying expressed his excitement and honour at the opportunity to contribute to Octopus’ continued success, noting Octopus’ status as the most well-known, home-grown payment solution in Hong Kong. As Hong Kong transitions to a cashless society, Ying is looking forward to leveraging his experience to enhance the company’s mission of facilitating daily life through innovative payment solutions.
The news is based on a marketing-interactive.com article.
