RETAIL BANKING | Staff Reporter, Singapore

OCBC Bank appoints first female CEO

Helen Wong will be replacing Samuel Tsen on 15 April.

OCBC Bank has revealed the appointment of Helen Wong as new group chief executive officer effective on 15 April 2021. Wong would be the bank’s first female CEO.

Wong would succeed Samuel Tsien, who is set to retire on 14 April after nine years in the role.

She joined OCBC Bank as deputy president and head of global wholesale banking in February 2020. Since then, she had co-led the Transform for Future task force which reviewed and redefined OCBC Group’s strategy and operating model. To complement the group’s sustainability efforts, Wong also pioneered a new Sustainability Taskforce.

“Although COVID-19 struck fiercely at the economy and impacted many lives and livelihoods, we navigated the storm deftly thanks to Sam’s leadership, the team’s united efforts and the board’s guidance,” Wong commented. “The team and I will now continue to build on OCBC’s strong foundations to further entrench it as a leading and progressive regional financial institution.”

Outgoing CEO Tsien joined OCBC in July 2007 as senior executive vice president, managing the group’s corporate and commercial banking business. The following year, he assumed the position as global head of global corporate bank, under which he oversaw the group's financial institution and transaction banking businesses.Tsien assumed the role of CEO on 14 April 2012.

Prior to joining OCBC, he was the president and CEO of China Construction Bank (Asia) when China Construction Bank acquired Bank of America (Asia).

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