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Bank of Hawaii to Open International Banking Center in Waikiki

Thursday, August 02, 2007

 Honolulu, Hawaii (August 2, 2007) - Bank of Hawaii plans to open an international branch in the heart of Waikiki during the fourth quarter of 2007.  The bank, which will occupy nearly 12,000 square feet of the Kalakaua Business Center at 2155 Kalakaua Ave., will be the headquarters for the bank’s international client business with more than 20 employees who currently have language capabilities in Chinese (Cantonese and Mandarin), Japanese, Korean, Vietnamese and French.

As part of a long-term lease agreement with the Shidler Group, the Kalakaua Business Center will be renamed the Bank of Hawaii Waikiki Center.  In addition to the international branch, Bank of Hawaii will be relocating its current Waikiki branch at the corner of Kalakaua and Royal Hawaiian to the ground floor space currently occupied by Wyland Gallery.  That move, which will include all 18 employees, is expected to be completed during the fourth quarter of 2008.

“As one of our anchor tenants, the Bank of Hawaii will play an important role in our future vision for the Kalakaua Business Center and we are looking forward to a long and mutually beneficial relationship with them,” said Lawrence J. Taff, managing partner of The Shidler Group.

Anh “Betty” H. Brow has recently joined Bank of Hawaii as senior vice president and manager of International Client Banking to lead this international banking team.  Brow has more than 23 years of commercial, retail and investment banking experience in China, Hong Kong and Hawaii.   Her duties will include managing relationships with non-U.S. clients, developing new business opportunities in Hawaii and Asia and overseeing the team of International Client Banking officers.

Peter Ho, vice chairman and chief banking officer, said, “We see a lot of opportunity in our international business, and Betty is well qualified to lead the effort.  She has years of first-hand experience in the Asia markets and is a strong leader.”

According to Brow, “The international banking business in Hawaii has evolved over the years.  Traditionally, it used to be focused on Japanese clients.  Now, in addition to Japan, there is untapped potential to service clients from China, Taiwan, Korea and Southeast Asia.” 

International private clients, businesses and corporate clients will have a variety of services available to them including deposits, currency exchange, remittance payments, off-shore accounts, mortgage loans, trusts, portfolio management, commercial and credit services. 

Brow will be leading an experienced team of managers and banking officers who not only are knowledgeable in products and services that are best suited to international clientele, but also have the necessary foreign language capabilities to communicate with them.

The bank will continue to have international officers located at its Main Branch in downtown Honolulu, Waialae-Kahala and Ala Moana.  

Prior to joining the bank, Brow worked as an internal management consultant with the Enterprise Management Department at American Savings Bank.  She previously served as an executive vice president and head of the Investment Banking Group for International Bank of Asia in Hong Kong, and as vice president of Emerging Markets/International Private Banking for Bankers Trust Company, based in Hong Kong.  Her other banking experience included senior positions at Chemical Bank, Hong Kong for various businesses, including loan syndications, China advisory services, and emerging markets. Brow has also served as a budget officer at the U.S. Embassy in Beijing, China and the U.S. Embassy in Moscow, Russia.

Brow holds a bachelor of science degree in business administration and master of business administration degree in finance from the University of Maryland.