TISA Bank Limited is pleased to announce the appointment of Luke Kaul as the substantive Chief Executive Officer of TISA Bank Limited, subject to the completion of all applicable regulatory requirements.
According to TISA bank 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. His appointment 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 said.
The Board noted that Mr. Kaul’s experience across risk, lending, retail banking, group operations, and executive leadership positions him well to lead TISA Bank through its next stage of development. His existing engagement with the TISA Group, regulators and stakeholders is expected to support continued confidence in the Bank’s governance, compliance, and operational resilience.
The Chairman further stated that the appointment represents an important milestone for senior leadership localization in Papua New Guinea’s banking sector.
“TISA Bank is a homegrown institution whose establishment arose following an overwhelming mandate
from the members of its parent, the Teachers Savings and Loan Society, to establish a financial institution that would offer banking and financial services not only to its members and customers, but also to corporates, SMEs, and the unbanked population living in rural areas of Papua New Guinea. The appointment of a local executive to lead the Bank strengthens our identity, supports national capability
development, and demonstrates our confidence in Papua New Guinean leadership within the financial services industry,” the Chairman said.
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.
By facilitating this direct link, TISA Bank is not just providing a new account type; it is creating a more resilient trade ecosystem that supports broader mission of financial inclusion and national economic growth.
