OCBC sets up dedicated teams in Singapore, Malaysia to support SMEs

The two teams will comprise 25 experienced bankers.

OCBC has set up a dedicated team in Singapore and Malaysia to support small- and medium-sized enterprises (SME) customers to capture opportunities arising from the planned Johor-Singapore Special Economic Zone (JS-SEZ).

The initiative will support SME customers across its core markets of Singapore, Malaysia, Indonesia, Mainland China, and Hong Kong SAR.

The two dedicated teams will comprise 25 experienced bankers with an average of over 10 years of experience. They will advise SMEs on how to SMEs start and grow their businesses and connect them with suitable partners in the special economic zone.

“By setting up dedicated teams on both sides of the Causeway, we are well placed to support this growing interest of regional SMEs in entering the Johor and wider Malaysia market. Recent geopolitical developments, the continued rise of ASEAN for supply chain diversity and resilience, and the significant growth of foreign direct investments into Malaysia these two years will further amplify the potential of the JS-SEZ,” Tan Teck Long, head of Global Wholesale Banking at OCBC said.