WeLab Bank announces appointment of Tat Lee as new Chief Executive

14 Jan 2021

Hong Kong, 14 January 2021 - WeLab Bank, a homegrown virtual bank licensed by Hong Kong Monetary Authority, announces that Tat Lee has been appointed as Chief Executive. He succeeds Adrian Tse, who has stepped down from the role for personal reasons.Tat has close to two decades of retail banking and fintech experience and was most recently the Alternate Chief Executive and Executive Director of WeLab Bank. Tat is one of Hong Kong’s fintech pioneers, joining WeLab as employee number one back in 2013, at a time when fintech was still in its infancy. Over the last eight years, he has assumed a number of roles in WeLab including Head of Product and Risk Management and then later General Manager of WeLend. During his tenure at WeLend, the business grew from a start-up to becoming Hong Kong’s largest pure online lender platform powered by technology and AI.Since 2018, Tat has been strategically involved in building the foundation for WeLab Bank, from obtaining the virtual banking license to developing the business strategy as a dynamic, fast-growing organization with the vision of bringing innovative products that gives customer control of their own financial journey.Prior to joining WeLab, he held senior roles in leading international financial institutions, including HSBC and Standard Chartered Bank’s former consumer finance subsidiary, PrimeCredit.Professor KC Chan, Chairman of WeLab Bank said: “Tat is a dynamic leader with significant experience in growing businesses, with in-depth knowledge of Hong Kong and the fintech industry. We are delighted to have Tat lead WeLab Bank, scaling to the next level, beyond the initial launch. The future is bright for the energy that Tat brings to propel WeLab Bank’s development to greater heights in the long run.”Tat Lee, Chief Executive of WeLab Bank said: “Looking back on my experience in the fintech industry, I believe to revolutionize the banking experience, we must combine the power of people with the power of fintech. Through game-changing technologies such as AI and big data analytics, in line with the people-oriented concept, we are designing digital-first banking services. WeLab Bank is now in the most exciting new market opportunity, and I hope to open up a new era of virtual banking.”About WeLab BankWelab Bank Limited (“WeLab Bank” or the “Bank”), is a homegrown virtual bank licensed by the Hong Kong Monetary Authority (“HKMA”). Founded by a team of financial and technology experts, WeLab Bank’s mission is to understand customers’ needs and design a personalized, full-service banking experience that helps them manage and grow their money.WeLab Bank represents a 100% digital banking experience that is simple, intuitive, and built around our customers. WeLab Bank focuses on the powerful mobile app and the numberless Debit Card, both designed with obsession with customers’ experience and data security.WeLab Bank is a wholly owned subsidiary of Welab Holdings Limited (“WeLab”), a leading fintech company in Asia.To learn more, please visit: www.welab.bank or follow us on Instagram: welab.bankAbout WeLabFounded in 2013, WeLab uses game-changing technology to help customers access credit, save money, and enjoy their financial journey. Currently, WeLab serves over 47 million users and 600 enterprise customers across Hong Kong, Mainland China and Indonesia.Powered by proprietary risk management technology, patented privacy computing techniques and advanced AI capabilities, WeLab offers mobile-based consumer financing solutions and digital banking services to retail individuals and technology solutions to enterprise customers.WeLab operates in three markets under six key brands, including WeLend and WeLab Bank in Hong Kong, WeLab Digital (我来数科), Taoxinji (淘新机) and Tianmian Lab (天冕大数据实验室) in Mainland China and Maucash in Indonesia.WeLab’s investors include Malaysian sovereign wealth fund Khazanah Nasional Berhad, CK Hutchison’s TOM Group, International Finance Corporation (a member of the World Bank Group), Alibaba Entrepreneurs Fund, Sequoia Capital and ING Bank.To learn more, please visit: www.welab.co, follow WeLab on LinkedIn and Facebook.For media enquiries:
Corporate Communications Team
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