Charting the course

Ms Elaine Heng

Head of Global Commercial Banking



Ms Elaine Heng was appointed Head of Global Commercial Banking on 1 October 2025, where she has global responsibility for the bank’s commercial banking business, serving start-ups, SMEs and mid-cap corporates. She joined OCBC in April 2024 and was appointed Group Chief Strategy and Transformation Officer in November of the same year. She was pivotal in driving the creation of the Group’s long-term strategic roadmap, focused on future-proofing its businesses and identifying new growth engines.

Before joining OCBC, Ms Heng was Chief Executive Officer for Retail Business and Deputy Group Chief Executive Officer at FairPrice Group, where she led the omni-channel transformation of the S$4.5B business and launched one of the world’s fastest-growing digital banks.

Ms Heng also spent close to 20 years in banking, 15 of which were at Standard Chartered Bank – where she held senior leadership roles across wealth management, consumer banking, SME banking, and sales and distribution across Asia Pacific.

She is a graduate with a Bachelor of Business Administration from the National University of Singapore.