Karl Pan has been appointed deputy executive director of finance and chief financial officer for Los Angeles World Airports (LAWA), the city agency that operates Los Angeles International Airport (LAX) and three other Southern California airports.
Pan brings 29 years of domestic and international finance experience in commercial lending, risk management, operating and capital planning and economic resources allocation to the position.
He has been the acting chief financial officer of Los Angeles World Airports since September.
In addition, Pan has served since January 2004 as financial manager of the airport Debt and Treasury Management Division, where his responsibilities included overseeing debt management, rates and charges and capital programs.
He also oversaw the Los Angeles World Airports grant and passenger facilities charge activities.
Prior to his employment with the city airport agency, Pan served as an executive vice president at the Bank of Hawaii, where he was on the management committee and in charge of the bank’s global market. His responsibilities included the oversight of over 40 branches across the Asia-Pacific region, an operating budget of $90 million, and management of close to $5 billion in assets.
He also previously worked for Chemical Bank in New York and the Bank of China in Los Angeles.
Pan earned his master’s degree in business administration in finance from UCLA.