A banking veteran has been appointed chairman of OCBC's board of directors.
OCBC Bank’s board member Andrew Lee will succeed Ooi Sang Kuang as chairman of the board of directors in February 2023, according to the bank’s release on Friday.
Lee brought with him more than 30 years of consumer banking and insurance experience in Singapore and Southeast Asia. He joined OCBC in 1999 and during an 18-year tenure, held key executive and leadership appointments at the bank and its insurance subsidiary, the Great Eastern Life Assurance Group.
Banking Veteran
At OCBC Bank, Lee rose to senior executive vice president and head, Global Consumer Financial Services, before being appointed executive chairman of BCS Information System. He joined Great Eastern Group in 2012 as group chief marketing officer and distribution officer, and retired from OCBC Group in 2017. Lee had also held senior executive positions at Standard Chartered Bank.
Ooi, who will be retiring on 31 January 2023, took over as chairman of the board of directors in 2014, during which OCBC completed a landmark CEO transition with the appointment, in 2021, of the first female head of a Singapore bank, group chief executive officer Helen Wong.
