Singapore's second-largest bank, OCBC, announced significant leadership changes on Wednesday, as part of its strategic plan to enhance its Greater China coverage and achieve an ambitious revenue target. The changes, which take effect from November 1, 2023, are integral to OCBC's brand unification strategy across its core markets in China and Southeast Asia.
Wang Ke will transition from his current role as CEO to become the Head of Greater China. Wang is known for establishing critical technology infrastructure and leading the Pearl River Delta region and OCBC Wing Hang China. Under his leadership, a branch was opened in Wuhan, expanding OCBC's geographical reach and enlarging the bank's share of the ASEAN-Greater China trade and investment flows.
Ang Eng Siong will assume the role of acting CEO at OCBC Wing Hang China, pending regulatory approval. Ang has been instrumental in facilitating cross-border business growth and expanding into the sustainable finance and renewable energy sector along with the technology, media, and telecom (TMT) sector.
Tan Wing Ming, the outgoing Head of Greater China, is set to advise group CEO Helen Wong back in Singapore. After developing new collaboration channels over 18 years and significantly contributing to OCBC's market share in the region, Tan will continue his work with the group in an advisory capacity.
CEO Helen Wong voiced confidence in Wang and Ang's strategic contributions towards reaching their ambitious revenue target of an additional S$3 billion by 2025.
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