Biography

Mr Sunny Cheung re-joined as Chief Executive Officer of the Octopus group of companies effective 2 January 2015. He had been the Chief Executive Officer of the Company since January 2011 until his retirement in March 2014.

Mr Cheung has over 40 years’ experience in retail banking and payments. Prior to joining Octopus Group in 2011, he was the Country Manager of Visa International for Hong Kong and Macau.

He also held senior management positions with several financial institutions, including Managing Director and Head of Greater China Consumer Banking at DBS, General Manager of Consumer Banking at Dao Heng Bank and General Manager of Citibank card business in Hong Kong.

Speech Title and Synopsis

Octopus – Making Changes Happen

For the past two years, there have been two distinct but related trends in the mobile payment industry. One is the overwhelming competition enabled by the ever changing technologies. The other is the seemingly slow change in customer behavior - "Why change if I'm happy with the present service?" And the interaction of these two trends has given the challenge of change for Octopus.

Change or transformation is more than just adding technology. A major part of the transformation includes changing how employees think and act. If a company just focuses on present priorities alone, it risks becoming a dinosaur. On the other hand, if a company focuses only on innovation, its basic operational concerns could fall down. At the end, change is not just about adding technologies. It’s about the whole ecosystem, including the talents. At Octopus, we are committed to making changes happen – for the better.