ASB’s chief named UH Foundation chairman

American Savings Bank President and CEO Richard Wacker has been elected chairman of the University of Hawaii Foundation. Wacker joined the board in 2011 and most recently served as vice chairman.

He has served in leadership positions on the boards of organizations including the Hawaii Business Roundtable; Child & Family Service; Hawaii Pacific Health; Hawaii Bankers Association; University of Hawaii — Pacific Asian Center for Entrepreneurship and the University of Hawaii — XLR8UH accelerator program.

Prior to joining ASB, he was chairman of Korea Exchange Bank, the fifth-largest Korean commercial bank. Wacker joined KEB in 2004 as chief operating officer, was appointed president and CEO in 2005, and added the position of chairman of the board in 2007.