Bank of China U.S.A Mourns the Passing of Angela Chao

New York, NY - February 13, 2024 - It is with heavy hearts and profound sadness that we share the news of the untimely passing of Angela Chao, former CEO of Foremost Group and former Chair of the U.S. Risk and Management Committee of Bank of China U.S.A. Angela's departure has left an indelible void not only within our institution but also within the global financial community.

Angela's legacy transcends her remarkable career achievements; her integrity, vision, and unwavering dedication to excellence have left an enduring imprint on our organization and beyond. Her strategic foresight, coupled with her commitment to detail and innovation, propelled both our institution and the broader financial sector forward.

Beyond her professional accomplishments, it is well-known that Angela was a paragon of compassion, generosity, and kindness. Her philanthropic endeavors, particularly in the realms of arts, culture and healthcare, enriched countless lives and sparked positive societal change on a global scale. Angela's unwavering commitment to fostering cross-cultural understanding, building bridges between east and west, and her profound sense of social responsibility serve as a beacon of inspiration to us all.

As we mourn Angela's passing, the Bank of China U.S.A. extends our deepest condolences and steadfast support to the Chao family. We recognize and honor Angela's immeasurable contributions to our institution and the community at large. Her legacy will forever resonate with the team and BOC community and serve as a guiding light for future endeavors.

As we collectively mourn the loss of Angela, we stand united in our commitment to uphold the values and principles that Angela held dear. We pledge to continue striving for excellence, innovation, and social responsibility in all facets of our operations, as a testament to Angela's enduring legacy and unwavering spirit.