People Moves
OCBC Creates New Division, Targets Sustainability
As part of the changes, the Singapore-headquartered bank has appointed a head of the unit.
Oversea-Chinese
Banking Corporation, aka OCBC, has created a new division
called Group Strategy, Innovation and Sustainability.
The unit, which will be set up on 22 April, will be led by Elaine
Heng (main picture), who has been chief executive of retail
business and deputy group CEO at Singapore’s FairPrice Group.
(FairPrice comprises the NTUC FairPrice chain of supermarkets and
other entities.)
Before Fairprice, Heng spent close to 20 years in banking, 15 of
which were at Standard Chartered Bank.
Last July, the Singapore-headquartered bank created the role of
chief sustainability officer, taken up by sustainable finance
figure Mike Ng (pictured). Ng joined the bank as the head of
structured and project finance in 2010 before expanding his role
to drive the offerings of sustainable finance solutions among
large corporates in 2018. In June 2022, he assumed the role of
head of sustainability office, global wholesale banking.
Mike Ng
OCBC is the parent of Bank of
Singapore, the private bank.
