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OCBC's Wong to Succeed Tsien as First Female Singapore Bank CEO


OCBC’s Wong to Succeed Tsien as First Female Singapore Bank CEO
Bloomberg
1/8/2021
(Bloomberg)
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Oversea-Chinese Banking Corp. named Helen Wong as Singapore’s first female bank chief executive officer, putting her in charge of leading the island state’s second-largest lender through a severe economic downturn brought on by the coronavirus pandemic.
Wong, 59, is replacing Samuel Tsien who will retire in April after running OCBC since 2012, the bank said in a filing to the stock exchange on Friday. She joined OCBC last year from HSBC Holdings Plc. where she ran the British bank’s Greater China operations. ....

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OCBC's Wong to be first woman CEO of Singapore bank


SINGAPORE (Reuters) - Singapore s second-largest lender, Oversea-Chinese Banking Corp (OCBC), appointed Deputy President Helen Wong as group CEO, succeeding Samuel Tsien who is retiring after nearly nine years.
Wong, 59, will become the first woman to head a Singapore bank and among the few to lead an Asian bank. The appointment is effective April 15, OCBC said on Friday.
In September, Citigroup named consumer banking head Jane Fraser as its next CEO, making her the first woman to lead a major Wall Street bank.
Wong s appointment comes as local banks are battling low interest rates and weak growth in pandemic-hit markets. Lenders are also soaking up bad loans as regulators prepare to ease conditions for billions of dollars in lending moratoriums. ....

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