People Moves
New CEO For OCBC China, Further Senior Appointments

A new chief executive has been appointed to helm the China subsidiary of Oversea-Chinese Banking Corporation, the parent firm of Bank of Singapore, the private bank, OCBC has announced, while also revealing further senior appointments.
Kng Hwee Tin, the current head of group audit, has been appointed CEO of OCBC China, effective from 1 March this year. In turn, Goh Chin Yee will be appointed the new head of group audit, also effective from next month.
“Both Hwee Tin and Chin Yee are exceptional talents who have been with OCBC for more than 24 years. Hwee Tin and Chin Yee have developed strong leadership capabilities, and gained well-rounded banking experience and in-depth knowledge of OCBC, making them well-placed to take on these executive positions,” said Samuel Tsien, chief executive at OCBC Bank.
Kng will take over from Leong Wai Leng, who has held the reigns of the bank since December 2007. According to the firm, Leong has tripled OCBC China’s revenue to RMB1 billion (over $160 million) and doubled its total assets to RMB50.4 billion. Under her leadership, OCBC Bank’s network size in China grew from five branches and representative offices to 16 branches and sub-branches in eight cities. During that time, staff numbers also increased from 290 to more than 800 employees.
Leong will return to Singapore to assume a new role as managing director and head of corporate planning and services, at Bank of Singapore, starting 1 April 2013.
“Her extensive management experience, coupled with her sound knowledge of the China market, will be invaluable to our expanding private banking franchise at Bank of Singapore,” Tsien said.
As the head of group audit since 15 April 2010, and executive vice president since April 2011, Kng oversaw audit activities for OCBC Bank and its subsidiaries. In the past three years, she has put in place an audit framework and developed OCBC Bank’s capabilities, enhancing its overall audit competence, the firm said.
Kng’s roles at OCBC Bank over the years included establishing the OCBC Premier Banking business, responsibilities in risk management and managing the implementation of key projects.
Goh heads the business management unit in OCBC Bank’s global treasury division. She has held responsibilities in areas ranging from risk management, management information services and capital planning to asset management and investment research.