By Megan Cheah
Singapore's second-largest lender has picked Tan Teck Long as its next group chief executive, succeeding Helen Wong, who will retire at the end of the year.
As part of the transition, Tan will take on the additional role of deputy CEO, effective immediately, Oversea-Chinese Banking Corp. said Friday.
He has been head of global wholesale banking since joining in March 2022. Before that, he was chief risk officer at rival lender DBS Group. OCBC said Tan has more than 30 years of banking experience, including senior positions in corporate-banking and risk-management divisions.
OCBC Chairman Andrew Lee said Tan was appointed after a "rigorous global search."
"With Teck Long's appointment, there will be no disruption to OCBC's corporate strategic direction of becoming an integrated financial services powerhouse," Lee said.
Wong will remain chairman of OCBC's China unit and a director at its Hong Kong subsidiary after her retirement, the Singapore bank said.
She joined OCBC in February 2020 as head of global wholesale banking. Wong became the first female chief of a major Singapore lender when she took the top job in April 2021.
OCBC is also the second-largest bank in Southeast Asia by assets.
Write to Megan Cheah at megan.cheah@wsj.com
(END) Dow Jones Newswires
07-11-25 0656ET
