TISA Bank Limited now has a new boss to handle its affairs following a rigorous process of recruitment and selection carried out by the Board.
TISA Bank Limited today announced the appointment of Luke Kaul as the substantive Chief Executive Officer of TISA Bank Limited, subject to the completion of all applicable regulatory requirements.
The appointment follows a comprehensive recruitment and selection process undertaken by the Board through its Remuneration and Nominations Committee.
In announcing the appointment, the Chairman of the Board of Directors, Moses Koiri said the Board’s decision reflects its confidence in Mr. Kaul’s deep institutional knowledge, proven execution capability, and strong alignment with TISA Bank’s strategic priorities as the Bank moves from establishment into a phase of disciplined growth, operational stability, and long-term value creation.
“Mr. Kaul has played an important role in the foundational establishment and operational scaling of TISA Bank. He brings a practical understanding of the Bank’s performance, regulatory environment, operational priorities, and growth trajectory,” the Chairman said.
The appointment of Mr. Kaul provides leadership continuity at a critical time and reinforces the Board’s commitment to building a strong, trusted, and locally anchored financial institution.
The Chairman further stated that the appointment represents an important milestone for senior leadership localization in Papua New Guinea’s banking sector.
The Board congratulates Mr. Kaul on his appointment and looks forward to working closely with him as TISA Bank continues to consolidate its position as one of Papua New Guinea's newest commercial banks, strengthen stakeholder confidence and execute its long-term strategic objectives.
