People Moves
Outgoing OCBC Chief Executive Is Appointed To Board Advisory Role
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Samuel Tsien's career at the bank coincided with it acquiring a number of wealth management businesses in Asia.
Samuel Tsien, the outgoing chief executive of OCBC, parent of Bank of Singapore, will be made an advisor to the group’s board when he retires in April.
The Business Times (of Singapore) reported on the move,
and this news service has asked OCBC to confirm
details.
Tsien was appointed to OCBC’s board in February 2014 and made CEO
in April 2012, originally joining in July 2007. Before his
tenure at OCBC, he was president and CEO of China
Construction Bank (Asia) when China Construction Bank acquired
Bank of America (Asia).
His career at OCBC coincided with the bank’s acquisition of the
private banking business of ING - renamed as Bank of
Singapore - and the acquisition of the wealth and investment
management business of Barclays in Singapore and Hong Kong
(2016). A year after that, OCBC bought the retail and wealth
business in Singapore and Hong Kong of National Australia
Bank.
In January this year, OCBC announced that Helen Wong, former CEO
of HSBC in Greater China, would be taking over as the new group
CEO from 15 April. She will be the first woman to head a
Singapore bank.
