TISA BANK APPOINTS NEW ACTING CEO

CAPTION: Mr Luke Kaul appointed as Acting Chief Executive Officer of TISA Bank Limited.

TISA Bank Limited has announced the appointment of Mr. Luke Kaul as Acting Chief Executive Officer, effective yesterday, Monday February 16, 2026.

The appointment endorsed by the Bank’s Board is aimed to ensure leadership continuity and stability as the institution continues to expand its presence in Papua New Guinea’s financial sector.

Mr. Kaul brings more than a decade of industry experience, with a strong background in retail banking, lending, and risk and compliance.

He has served as Group Chief Operating Officer of TISA Group since 2018, where he played a key role in overseeing operations, executing core strategies, and strengthening institutional capacity.

Board Chairman Moses Koiri says Mr. Kaul’s deep understanding of the financial sector and strategic leadership will help guide the Bank as it pursues its long-term objectives.

The appointment is subject to a fit and proper assessment by the Bank of Papua New Guinea. Mr. Kaul will serve in the interim while the Board undertakes a comprehensive recruitment process for a permanent Chief Executive Officer.

Meanwhile TISA Bank also acknowledged the contribution of former CEO Mr. Sunil Pokharel and wished him well.