Oversea-Chinese Banking Corporation (OCBC) has appointed Goh Chin Yee as its new group chief financial officer (CFO).
Goh’s appointment will take effect from Nov 1. Currently the head of group audit, Goh succeeds outgoing CFO Darren Tan, who has opted for early retirement.
Goh, who is already a member of the management committee, will also be appointed a member of the management executive committee. Among her many roles since she joined the bank as a management trainee, Goh was responsible for the successful Basel II implementation for credit risk-weighted assets solution, credit economic capital model and Pillar 2 Internal Capital Adequacy Assessment Process across the OCBC group.
Outgoing CFO Tan was appointed as the bank’s CFO in 2011. During his tenure, he led the successful acquisition of Wing Hang Bank in Hong Kong in 2014, which was considered a significant milestone for OCBC Bank’s expansion strategy into Greater China.
On Goh’s appointment, OCBC’s group CEO Helen Wong says, “Chin Yee’s appointment reflects OCBC’s strong internal talent base for succession planning. Chin Yee is highly regarded as a strong leader with an innovative and forward-looking mind. Throughout her different roles in OCBC, Chin Yee has always pushed for greater heights in achieving excellence and differentiation. The management executive committee will undoubtedly benefit from Chin Yee’s deep institutional knowledge and broad exposure across many disciplines.”
She adds: “We want to thank Darren for his contribution to the group over the past 11 years as the CFO. He led several successful strategic acquisitions which have added both scope and scale to the OCBC franchise.”
See also: OCBC China appoints Seth Tan new head of corporate banking
Shares in OCBC closed 17 cents lower or 1.43% down at $11.76 on Oct 10.
