OCBC Financial institution has appointed Elaine Heng as its subsequent Head of International Industrial Banking, efficient 1 October, as reported by The Enterprise Instances.
She’s going to take over the position from Linus Goh, who is ready to retire on 30 September after 20 years with the financial institution.
Heng at the moment serves as OCBC’s Group Chief Technique and Transformation Officer, a task she assumed in November 2024 after becoming a member of the financial institution earlier that yr.
Her skilled background features a lengthy tenure in banking in addition to senior management positions at FairPrice Group, the place she was Deputy Group CEO and CEO of Retail Enterprise.
In the identical spherical of management modifications, OCBC additionally mentioned that Tan Yuen Siang, head of worldwide monetary establishments, will be a part of the financial institution’s international wholesale banking management group.
Whereas he’ll proceed in his present position, his reporting line will shift to Tan Teck Lengthy, Head of International Wholesale Banking.
Tan, who has been with OCBC since 2005, has led the worldwide monetary establishments enterprise since 2021, overseeing the enlargement of partnerships with non-bank monetary entities.
Goh, who joined OCBC in 2004, has performed a pivotal position in rising the financial institution’s industrial and monetary establishments franchises throughout ASEAN and Higher China.
Below his management, the worldwide monetary establishments enterprise recorded practically 40 per cent progress in working revenue over the previous three years, supported by momentum within the international funds and Higher China segments.
OCBC mentioned Goh additionally helped form the financial institution’s broader SME, digital and sustainable finance technique, contributing considerably to Singapore’s banking sector.
Featured picture: Edited by Fintech Information Singapore, primarily based on picture by BillionPhotos through Freepik
