Oversea-Chinese Banking Corporation, the Singapore based bank, has named Darren Tan Siew Peng as chief financial officer and executive vice president. 

Tan served as deputy CFO from May to November 2011 and oversaw financial, regulatory and management accounting, capital management, corporate development and investor relations functions. He joined OCBC in 2007 and before that worked for the Government of Singapore Investment Corporation. Darren Tan Siew Peng takes over from Soon Tit Koon, who has retired after 28 years in the financial services industry. 

In a statement, the bank recognised Soon for his contributions to OCBC particularly in the acquisition of a 12.2 per cent stake in China's Bank of Ningbo in 2006, making the firm the first Singapore bank to make a strategic investment in a Chinese bank. OCBC currently holds a 15.3 per cent interest in Ningbo. The company also fully acquired ING Asia Private Bank in January 2010 which eventually took on the name Bank of Singapore Limited.

OCBC has $29 billion in assets under management as of 30 September.