OCBC Bank O39 has bolstered its China leadership with the appointment of Seth Tan as head of corporate banking for OCBC China with effect from Jan 15. The role was previously held by Ang Eng Siong, who was appointed CEO of OCBC China on Nov 1, 2023.
Tan will be based in Shanghai and will be responsible for all banking relationships with state-owned enterprises and large corporations across the China market. He will report to Elaine Lam, OCBC’s head of global corporate banking, and Ang.
Tan, who joins from Sumitomo Mitsui Banking Corporation where he was co-head of structured finance asia, brings over 27 years of banking experience to OCBC.
Prior to that, Tan was the founding head of Infrastructure Asia when it was established in 2018. The agency, set up by Enterprise Singapore and the Monetary Authority of Singapore, facilitates infrastructure offerings from companies and financial institutions based in Singapore and the region to support Asia’s social and economic growth.
Tan was based in Greater China from 2009 to 2018 where he held several senior positions in DBS, BNP Paribas, Standard Bank and Babcock & Brown.
Says OCBC China CEO Ang: “As we double down on our strategy to capture the trade and investment flows between Greater China and Asean, I have confidence that Seth’s deep experience across Greater China, as well as his expertise in project financing, export financing and real estate and infrastructure, will be of great value to OCBC China and the group.”
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Shares in OCBC Bank closed unchanged at $12.91 on Jan 22.
