President and Chief Executive Officer
Richard Wacker is the President & Chief Executive Officer of American Savings Bank. Rich joined ASB in 2010 and leads the management team responsible for growing the bank’s business to better serve Hawai‘i’s retail and business customers. He also serves as a director on the ASB Board.
An active supporter in the community, Rich holds leadership positions in Hawai‘i, serving on several prominent boards including, Child & Family Services (Chair), Hawaii Business Roundtable (Executive Committee), Chaminade University (Board of Regents), University of Hawai‘i—Pacific Asian Center for Entrepreneurship, University of Hawai‘i Foundation (Vice-Chair), University of Hawai‘i—XLR8UH accelerator program and is a member of the Hawaii Bankers Association. He has served as a board member for the Hawai‘i Chapter of the American Red Cross, director for Junior Achievement Korea and was a member of the Board of Governors of the American Chamber of Commerce in Korea.
Prior to joining ASB, Rich was Chairman of Korea Exchange Bank (KEB), the fifth largest Korean commercial bank. He joined KEB in 2004 as Chief Operating Officer, was appointed President & CEO in 2005, and also held the position of Chairman of the Board from 2007 through 2010. Rich helped establish the KEB Foundation, the first social welfare organization in the Korean financial industry, and was the organization’s second Chairman. He was a director of Junior Achievement Korea and also served on the Board of Governors of the American Chamber of Commerce in Korea. In 2008, Rich was recognized as one of Korea’s “Most Respected CEOs.”
Rich also enjoyed a 20-year career with General Electric (GE) where he was a company officer and held a wide range of senior leadership positions in the U.S. and Europe, including Vice President of Corporate Investor Communications; Vice President and Chief Financial Officer of GE Capital's Card Services unit; General Manager of GE Capital’s audit staff; Chief Financial Officer of GE Capital Fleet Services-Europe and global product management positions with GE Medical Systems-Europe. He earned a B.S. degree in mechanical engineering from the University of Missouri.