Charting the course
Board of Directors
Board Committees
Management Team
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Other Directorships and Principal Commitments/Appointments
Academic and Professional Qualifications
Mr Chua was appointed to the Board on 20 September 2017 and elected as a Director on 30 April 2018. He is a chartered accountant and currently holds the position of Professor (Practice) in Accounting, National University of Singapore (NUS) Business School. He had a long and distinguished career in PricewaterhouseCoopers (PwC) Singapore where he served as a partner from 1990, headed the banking and capital markets group as well as the China desk, and was appointed a member of the firm’s leadership team in 2005. He retired in 2012, but was retained as senior advisor for PwC Hong Kong until June 2016 when he left to join NUS.
Age: 66
Academic and Professional Qualifications
Dr Khoo was appointed to the Board on 8 March 2021. He is currently a Board and Audit Committee member of the National Environment Agency of Singapore and an Adjunct Professor, Department of Finance, National University of Singapore. Prior to these, he had spent 22 years in Monetary Authority of Singapore holding several key positions, including oversight responsibilities for prudential policy, capital markets supervision, investment of official foreign reserves, domestic money market management, corporate functions, MAS Academy, as well as a 3-year stint in the Bank for International Settlements. He was Deputy Managing Director (Corporate Development) when he retired from MAS in 2019. He had also served as a board and council member of civic establishments in industry.
Age: 57
Mr Koh was appointed to the Board on 1 October 2019 and elected as a Director on 18 May 2020. He has extensive experience in the financial services sector and is presently the Chief Executive Officer of Octagon Advisors Pte Ltd and serves as Board Chairman of Great Eastern Holdings Limited and its principal insurance subsidiaries. He served 24 years with the Monetary Authority of Singapore (MAS) where his last appointment was Deputy Managing Director, Banking and Financial Institution Group. After leaving MAS in 1998, he held key positions in many notable organisations.
Age: 70
* Listed companies
Academic and Professional Qualifications
Dr Lee was first appointed to the Board on 4 April 2003 and last re-elected as a Director on 28 April 2017. He is presently an Associate Professor at the Duke-NUS Medical School in Singapore. He has previously served in senior positions at both OCBC Bank from 1993 to 1998 and the Monetary Authority of Singapore from 1998 to 2000.
Age: 57
Academic and Professional Qualifications
Ms Ong was first appointed to the Board on 15 February 2016 and last re-elected as a Director on 29 April 2019. She is presently Senior Partner and Chairman of Allen & Gledhill LLP as well as the Co-Head of its Financial Services Department. Ms Ong is a lawyer and has been in Allen & Gledhill since 1987. She provides corporate and corporate regulatory and compliance advice, particularly to listed companies. Her areas of practice include banking, securities offerings, securities regulations, investment funds, capital markets, and corporate finance.
Age: 69
*Listed companies
Academic and Professional Qualifications
Mr Pramukti was first appointed to the Board on 1 June 2005 and last re-elected as a Director on 30 April 2018. He has been with PT Bank OCBC NISP Tbk for 32 years, holding key positions, including President Director, and is presently President Commissioner of the bank.
Age: 58
Other Directorships and Appointments
*Listed company
Academic and Professional Qualifications
Mr Tan was first appointed to the Board on 2 September 2013 and last re-elected as a Director on 29 April 2019. He had a long career of 37 years as a banker. He spent 20 years in Citibank NA serving in various capacities, including Senior Risk Manager of Citibank Australia and postings overseas prior to joining the OCBC Group in August 1990, where he held senior positions over the years, including Chief Executive of OCBC’s Australian operations, and Head, Group Business Banking and was appointed Deputy President in December 2001. He retired in December 2007.
Age: 75
Other Directorships and Appointments
*Listed company
Academic and Professional Qualifications
Ms Tan was appointed to the Board on 1 January 2020 and elected as a Director on 18 May 2020. She is presently the Chairman of Singapore Science Centre. Her past experiences included IT and IT-related positions in SAS Institute Inc, Oracle Corporation and Hewlett-Packard Singapore, and she has played an active role in Singapore’s infocomm industry. She was the President (Asia Pacific) of Vodafone Enterprise Singapore Pte Ltd until she left in April 2020.
Age: 55
Other Directorships and Principal Commitments/Appointments
* Listed companies
Academic and Professional Qualifications
Mr Wee was first appointed to the Board on 2 January 2014 and last re-elected as a Director on 28 April 2017. He has more than 39 years of corporate banking experience. He was Managing Director & Head of Corporate Banking Singapore with United Overseas Bank Ltd until his retirement in June 2013. Prior to that, he was Executive Vice President & Head of Corporate Banking with Overseas Union Bank Ltd, and Head Credit & Marketing with First National Bank of Chicago (Singapore).
Age: 73
*Listed companies
Academic and Professional Qualifications
The Audit Committee comprises:
All Committee members are non-executive Directors. A majority of the Committee, i.e. Mr Chua Kim Chiu, Dr Andrew Khoo, Mr Tan Ngiap Joo and Ms Tan Yen Yen, are independent Directors. Four members, including the Chairman, have recent and relevant accounting or related financial management expertise or experience. Mr Chua Kim Chiu retired as a partner of PricewaterhouseCoopers LLP, the external auditor of the Bank, in 2016 and no longer holds any financial interest in PricewaterhouseCoopers LLP. The other members have not been partners or directors of PricewaterhouseCoopers LLP and none of them hold any financial interest in PricewaterhouseCoopers LLP.
The Audit Committee performs the functions specified in the Companies Act, the Code of Corporate Governance 2018 (the Code), the Singapore Exchange Securities Trading Limited (SGX-ST) Listing Manual, and the corporate governance regulations and guidelines issued by the Monetary Authority of Singapore (MAS).
The Committee has written terms of reference that describe the responsibilities of its members. The Board approves the terms of reference of the Audit Committee. The Committee may meet at any time and no fewer than four times a year. It has full access to and co-operation from management, and has the discretion to invite any Director and executive officer to attend its meetings. It has explicit authority to investigate any matter within its terms of reference.
The Remuneration Committee comprises:
All Committee members are non-executive Directors. A majority of the Committee, i.e. Mr Tan Ngiap Joo, Mr Koh Beng Seng, Ms Christina Ong, Ms Tan Yen Yen and Mr Wee Joo Yeow, are independent Directors. All are well versed in executive compensation matters, given their extensive experience in senior corporate positions and major appointments.
The Committee has written terms of reference that describe the responsibilities of its members.
The Remuneration Committee recommends to the Board a framework for determining the remuneration of executive officers, and reviews the remuneration practices to ensure that they are aligned with the approved framework. It is empowered to review the human resource management policies and the policies governing the compensation of executive officers of the Bank and its subsidiaries, as well as the remuneration of senior executives and Directors. In addition, the Remuneration Committee administers the various employee share ownership schemes. In its deliberations, the Remuneration Committee takes into account remuneration principles, practices and standards that may be specified by MAS from time to time.
The Risk Management Committee, which supports the Board in performing its risk oversight responsibilities, comprises:
All the Committee members are non-executive Directors. Members of the Committee have relevant technical financial understanding in risk disciplines or business experience. Mr Ooi Sang Kuang and Mr Chua Kim Chiu also serve on the Audit Committee. The common membership helps to facilitate communication and foster the sharing of information and knowledge between the two committees.
The Committee has written terms of reference that describe the responsibilities of its members.
The Committee reviews the overall risk management philosophy in line with the overall corporate strategy as set and approved by the Board. It oversees the establishment and operation of an independent risk management system for identifying, measuring, monitoring, controlling and reporting risk on an enterprise-wide basis, including ensuring the adequacy of risk management practices for material risks.
The Committee reviews the scope, effectiveness and objectivity of the Group Risk Management Division and ensures that the risk management function is adequately staffed with experienced and qualified employees with reporting lines independent of business lines. It approves the risk management framework and major policies and reviews the risk disclosure policy and risk management principles for the approval of the Board. It also reviews the risk profile, risk tolerance level and risk strategy of the Bank for effective risk management, as well as the risk reports to monitor and control risk exposures. The Chief Risk Officer has direct reporting lines to the Committee and CEO.
The Ethics and Conduct Committee supports the Board in overseeing efforts to build and maintain a strong and responsible organisational culture firmly founded on core values and the spirit of long-term thinking. The Committee comprises:
All Committee members are non-executive Directors.
The Committee has written terms of reference that describe the responsibilities of its members.
The Committee reviews and assesses the state, implementation and effectiveness of ethics, culture and conduct programmes and initiatives, including matters relating to fair dealing with customers, to ensure proper behaviour within the Bank. It also reviews policies and guidelines pertaining to ethics, culture and conduct to ensure they are relevant and up to date, and reviews related communications to stakeholders.Ms Helen Wong was appointed Group Chief Executive Officer of OCBC Bank on 15 April 2021. She joined OCBC Bank in February 2020 as Deputy President and Head of Global Wholesale Banking.
Ms Wong has more than 36 years of banking experience, having started out as a Management Trainee in OCBC Bank and was its first China Desk Manager, based at the Hong Kong Branch. She has vast experience in Greater China, covering a wide range of roles in capital markets, syndicated finance and corporate banking. Before returning to OCBC Bank, Ms Wong spent 27 years at HSBC, where her last role was as its Chief Executive for Greater China, which she was appointed to in 2015. She became the President and CEO of HSBC China based in Shanghai in 2010, and was promoted to be Group General Manager in 2011 to recognise her responsibility for the business operations and strategic expansion in China. She also held non-executive directorships at Baoshan Iron & Steel from 2012 to 2015, and at Bank of Communications from 2016 to 2019.
Ms Wong holds a Bachelor of Social Sciences from the University of Hong Kong.
Mr Darren Tan was appointed Executive Vice President and Chief Financial Officer (CFO) in December 2011.
As CFO, he oversees financial, regulatory and management accounting and advisory, treasury financial control and advisory, corporate treasury, funding and capital management, corporate planning and development and investor relations. He joined OCBC Bank in March 2007 as Head of Asset Liability Management in Global Treasury and assumed the role of Deputy CFO in May 2011. Prior to joining OCBC, Mr Tan worked for 13 years in the Government of Singapore Investment Corporation (GIC) with his last position in GIC as Head of Money Markets. He serves as a board member of the Inland Revenue Authority of Singapore (IRAS Board). He is also a council member of the Institute of Singapore Chartered Accountants (ISCA) and an Adjunct Professor at Nanyang Business School. Mr Tan graduated with First Class Honours in Accountancy from Nanyang Technological University and is a Chartered Financial Analyst and a Fellow Chartered Accountant of Singapore.
Mr Kenneth Lai was appointed Head of Global Treasury in October 2020.
He has global responsibility for OCBC Bank’s financial market businesses and asset liability management in Singapore, Malaysia, Indonesia, Hong Kong, China and seven other overseas centres. Mr Lai joined OCBC Bank in February 2012 as Head of Global Treasury International. Since 2015, he has also been responsible for the Bank’s Asset and Liability Management (ALM) globally. He was appointed Executive Vice President in May 2019. Mr Lai has over 31 years of experience in different functions across trading, sales and asset liability management and across different countries in Asia. Currently, he serves on the boards of Bank of Singapore, OCBC Securities, and Clearing and Payment Services Pte Ltd (CAPS). Mr Lai also serves on Great Eastern Group’s Asset/Liability Committee and Investment Committee. He is a member of the Singapore Foreign Exchange Market Committee, and member of the Institute of Banking and Finance Singapore’s Financial Markets Regulatory Practices (FMRP) examination board. Before joining OCBC Bank, he was the Head of Financial Markets at Ta Chong Bank in Taiwan and has held several key appointments with ABN AMRO bank. He started his career at Bankers Trust Company. Mr Lai holds a Bachelor of Science in Finance from Virginia Polytechnic Institute and State University and is an IBF Fellow.
Mr Vincent Choo was appointed Head of Group Risk Management on 1 August 2014.
As Chief Risk Officer, he covers the full spectrum of risk, including Credit, Technology and Information Security, Liquidity, Market and Operational Risk Management. He reports jointly to both Group CEO and the Board Risk Management Committee of OCBC Bank. Mr Choo joined OCBC Bank from Deutsche Bank AG where his last appointment was Managing Director and Chief Risk Officer for Asia Pacific. In his 20 years at Deutsche Bank AG, he served in a number of senior roles including Head of Market Risk Management for Asia Pacific, with additional responsibilities for Traded Credit Products, and Head of New Product Approval for Asia. He holds a Master of Arts in Economics from University of Akron.
Mr Linus Goh was appointed the Head of Global Commercial Banking in April 2012.
In this capacity, he has global responsibility for OCBC Bank’s commercial, institutional and transaction banking businesses. He joined OCBC Bank in April 2004 as Executive Vice President and Head of International, and in August 2008, he assumed responsibility for Global Enterprise Banking and Financial Institutions. Mr Goh has over 30 years of banking experience, including 17 years at Citibank, N.A. Singapore, where he held several senior management positions overseeing corporate banking, financial institutions, e-business and transaction banking. Mr Goh serves as a board member of the investment arm of Enterprise Singapore, Seeds Capital Private Limited. He also sits on the Pro-Enterprise Panel under the Ministry of Trade and Industry and the SME Committee under the Singapore Business Federation where he chairs the sub-committee on SME Financing and Cost Competitiveness. Mr Goh holds a Bachelor of Arts (Philosophy) with Honours from the National University of Singapore and is an IBF Distinguished Fellow.
Ms Elaine Lam was appointed Head of Global Corporate Banking in April 2016. She is responsible for OCBC Bank’s corporate banking business which spans Real Estate, Wholesale Corporates, Global Commodities Finance, Structured and Sustainable Finance as well as the Bank’s corporate banking business in all its overseas offices.
With more than 25 years of experience in corporate banking, Ms Lam also serves in the Institute of Banking and Finance’s (IBF) Corporate Banking Workgroup and the Financial Industry Competency Standards’ Corporate Banking Working Group.
Ms Lam holds a Bachelor of Accountancy (Honours) from the Nanyang Technological University and is an IBF Fellow (Corporate Banking).
Mr Na Wu Beng was appointed Chief Executive Officer of OCBC Wing Hang Bank in August 2014.
Prior to this appointment, he was Deputy President Director of Bank OCBC NISP for 10 years. Mr Na assumed the role of Chairman of OCBC Wing Hang Bank (China) in February 2020. Mr Na joined OCBC Bank in 1990 as the General Manager of OCBC Bank’s Hong Kong branches. He returned to Singapore in 1999 to take on the role of Head of North Asia overseeing the bank’s operations in Hong Kong, China, Taiwan, Korea and Japan. From 2000 to 2004, before his posting to Bank OCBC NISP, he headed OCBC Bank’s international banking division and was responsible for branches across eight countries. Mr Na was appointed Executive Vice President in 2001. Before joining OCBC Bank, he was at International Bank of Singapore for 11 years, where he was based in Taiwan for seven years. He holds a Bachelor of Arts (Economics) with Honours from Coventry University in the United Kingdom.
Mr Wang Ke was appointed Chief Executive Officer of OCBC Wing Hang Bank (China) on 9 December 2019.
He joined OCBC Wing Hang Bank (China) Limited [previously the OCBC Bank (China) Limited] as Chief Information Officer and Head of IT Department in 2012, and assumed the expanded role as Head of Operations and Technology afterwards. Prior to his current role, Mr Wang was the Regional General Manager of the Pearl River Delta region and was appointed as the Deputy President of OCBC Wing Hang China in March 2015. Mr Wang is conversant with foreign companies’ business models in China and has intimate knowledge of the local market and regulations. As an indispensable member of bank’s top management, he participated in the strategy formulating, led the implementation of many strategic projects and achieved fruitful results. He has over 20 years of international banking working experience spanning a wide spectrum of fields in China, United States and Singapore. Before joining OCBC Wing Hang Bank (China) Limited, Mr Wang held several senior positions in JPMorgan Chase & Co., McKinsey & Company and United Overseas Bank (China) Limited, where he oversaw the operations, technology and Risk Management and accumulated rich and comprehensive experience in the international financial business management and people engagement. Mr Wang holds a Master of Business Administration degree from Kellogg School of Management at Northwestern University and a bachelor’s degree in Computer Science from Peking University.
Mr Tan Wing Ming was appointed Regional General Manager of North East Asia and the Chief Executive of OCBC Bank Hong Kong branch since September 2009.
In this role, he assumes oversight of the bank’s branches in Hong Kong, Japan, Korea and Taiwan. In November 2016, he was promoted to Executive Vice President. Mr Tan joined OCBC Bank in January 2005 as Senior Vice President and Country Head of OCBC Bank’s operations in China. Following the local incorporation of OCBC Bank in China in July 2007, he was appointed Director and President of OCBC Bank (China) Limited until his current role. Mr Tan had worked for major American and European investment and commercial banks in Singapore for 10 years. He then started and managed his own private business in China for 11 years before joining OCBC Bank. Mr Tan holds a Bachelor of Arts (Economics) with Honours from Georgetown University and a Master of Business Administration (Finance) from the University of Chicago.
Mr Ong Eng Bin was appointed Chief Executive Officer of OCBC Malaysia in August 2014 and currently oversees the OCBC Group’s Malaysian franchise.
Prior to this appointment, he was its Head of Business Banking, a role he assumed in 2012 with responsibilities covering corporate and commercial, emerging business and transaction banking. He joined the bank as a management trainee in 1988 and was appointed Head of Corporate Banking and Large Corporates in 2000. Mr Ong holds a Bachelor of Accounting and Finance from the University of Manchester.
Mr Sunny Quek was appointed Head of Consumer Financial Services Singapore on 13 November 2019. He joined OCBC Bank in December 2012 as Head of Branch and Premier Banking. In the six years, Mr Quek was responsible for formulating and executing the sales and distribution strategy for the consumer banking branch network in Singapore, and supporting the OCBC Premier Banking network in the region. He made significant contributions to the transformation and growth of the retail banking business and led the OCBC Premier Banking business to become a leader in the affluent segment space. In 2018, he spearheaded the transformation of the OCBC Premier Private Client segment to launch an Accredited Investor (AI) platform that offers bespoke wealth solutions to high net worth individuals in Singapore and the region.
Mr Quek started his banking career at Tokai Bank in 1997 before joining Citibank Singapore in 2000. He has more than 23 years of experience spanning branch management, treasury sales and trading.
Mr Quek graduated with a Bachelor of Science in Economics from the National University of Singapore.
Mr Tan Chor Sen was appointed the Head of Global Enterprise Banking-International in 2012.
In addition to overseeing the growth of the emerging business segment in OCBC Bank’s core markets, he is also in charge of developing cross-border capabilities and business within the region, leveraging the OCBC network and partner banks in key markets. Mr Tan joined OCBC Bank in 2005 as Head of Emerging Business. He is a council member of the Singapore-Shandong Business Council and Singapore-Tianjin Economic and Trade Council under Enterprise Singapore. Mr Tan has over 30 years of banking experience where he began his career in commercial banking, with postings in consumer banking. He later held several positions in corporate and offshore banking. Mr Tan holds a Bachelor of Business Administration from the National University of Singapore and is an IBF Fellow (Corporate Banking).
Mr Jason Ho joined OCBC Bank in January 2013 as Head of Asset Liability Management. He assumed the role of Head of Group Human Resources in July 2015, following his appointment as Deputy Head, effective January 2015.
He has more than 30 years of banking experience and has held senior level positions at KBC Bank, Standard Chartered Bank and Volvo Group Treasury Asia Limited. Mr Ho holds a Bachelor of Business Administration from the National University of Singapore and a Masters in Applied Finance from Macquarie University. He also serves as a Director of the Institute for Human Resource Professionals and is a member of the HR Industry Transformation Advisory Panel.
Mr Lim Khiang Tong joined OCBC Bank in September 2000 and took on the role of Head of IT Management in January 2002. He was appointed Executive Vice President and Head of Group Information Technology in December 2007. In May 2010, he assumed the role of Head of Group Operations and Technology.
He has over 30 years of management experience in strategic technology development, information technology, project management and banking operations. Since August 2016, he has also assumed oversight of OCBC’s Quality and Service Excellence and Group Property Management divisions.
He holds a Bachelor of Science in Computer Science and Economics from the National University of Singapore and is a IBF Distinguished Fellow (Technology).
Ms Goh Chin Yee was appointed Head of Group Audit in March 2013 and Executive Vice President in April 2014.
She oversees the full spectrum of internal audit activities for OCBC Bank and its subsidiaries. She reports directly to the Audit Committee and administratively to the Group CEO. Prior to this appointment, Ms Goh has worked in diverse functions in the OCBC Group, covering strategic management, investment research, fund management, finance, risk management and treasury business management. Ms Goh holds a Bachelor of Engineering (Civil) with First Class Honours from the National University of Singapore and is a Chartered Financial Analyst.
Ms Loretta Yuen was appointed General Counsel and Head of Group Legal and Regulatory Compliance in September 2010 and Executive Vice President in June 2015. She oversees the full spectrum of legal and regulatory risks, including anti-money laundering, across OCBC Bank and its subsidiaries, and provides advice on regulatory risks and legal issues involved in decisions to management, so that management can make informed strategic choices within an acceptable legal and regulatory risk profile.
Ms Yuen has over 20 years of legal and regulatory experience in banking and finance. She graduated with Second Class Honours in Law from the National University of Singapore and is an IBF Distinguished Fellow.
In 2017, Ms Yuen was conferred the Outstanding Singapore Chief Legal Officer Award by the Singapore Corporate Counsel Association.
Mr Peter Yeoh joined OCBC Bank in January 1984. Since joining the Bank, he has held responsibilities in finance, accounting, management information services and strategic projects. He was appointed Group Company Secretary in August 2002, a role that includes responsibilities for corporate governance and board affairs of the Group.
He holds a Bachelor of Commerce from the University of Western Australia, and is a Member of the Institute of Chartered Accountants in Australia and Institute of Singapore Chartered Accountants.
Mr Melvyn Low is an industry veteran with more than 27 years of experience and has held senior positions in sales and product management, cash management, trade, and securities services in regional and global banks. Mr Low also served as Director of the Singapore Clearing House Association from 2010 to 2013, where he was a key contributor to the launch of Fast and Secure Transfers, or FAST, platform.
In conjunction with the National University of Singapore Business School, he developed the world’s first full-credit course on transaction banking for undergraduates in 2012. He also launched the Institute of Banking and Finance (IBF) certification programme for transaction banking in 2019. Mr Low is currently the Payments co-chair of the Digital Standing Committee for the Association of Banks in Singapore (ABS) and the Corporate Banking Workgroup Chair for IBF.
Mr Low is an IBF Distinguished Fellow and holds a Master of Business Administration from the University of British Columbia, Canada.
As the Head of Group Brand and Communications, Ms Koh Ching Ching oversees OCBC Bank’s branding and communications initiatives with the media, employees, customers, shareholders and the general public across its core markets. She has been heading the division since November 2004 and was appointed Executive Vice President in March 2012.
Prior to her current role, she led OCBC Bank’s franchise expansion efforts in trade finance in Malaysia. Ms Koh had 16 years of corporate and retail banking experience, having held various senior customer and product positions in local and foreign financial institutions. She graduated with First Class Honours in Business Administration from the National University of Singapore.