The board of directors are guided by the corporate governance principles which establish a framework for the governance of the Board and the management of the bank.
Mr Lai joined the Board on 1 January 2020 and was appointed Chairman of the Audit Committee on 29 May 2020 and Chairman of the Board on 1 October 2021. He is currently a Director of AV Jennings Ltd and a Commissioner of PT Bank OCBC NISP Tbk.
Mr Lai joined OCBC Bank in 1988 as Executive Vice President, Corporate Banking Head, and had subsequently served in several other senior capacities, including Head of Information Technology and Central Operations, Chairman OCBC Asset Management, Head Group Risk Management, Group Internal Audit, and as a Director of OCBC Bank Limited from June 2010 to December 2019, OCBC Al-Amin Bank Bhd from 2011 to 2018 and OCBC Bank (Malaysia) Bhd from 2011 to 2019. Before joining OCBC Bank, he was Managing Director of Citicorp Investment Bank Singapore Ltd and had been with Citigroup for about 20 years, including serving international assignments with Citibank N.A. in Jakarta, New York and London. Mr Lai holds a Bachelor of Arts (Honours) from the National University of Singapore. He had also completed the Cornell University Executive Development Programme USA, 1977 and INSEAD Risk Management Programme France, 2003.
Vincent Choo
Director
Mr Choo was appointed to the Board on 5 November 2014 and last re-elected as a Director on 18 May 2020. He was OCBC Bank’s Chief Risk Officer until 31 December 2022 before assuming the role of interim Chief Executive Officer of Bank of Singapore from 1 January 2023 to 6 March 2023. He was re-designated as a non-independent director following his stint as the interim Chief Executive Officer of Bank of Singapore.
Prior to OCBC Bank, Mr Choo was from Deutsche Bank AG where his last appointment was Managing Director and Chief Risk Officer for Asia Pacific. In his 20 years at Deutsche Bank AG, he served in a number of senior roles including Head of Market Risk Management for Asia Pacific, with additional responsibilities for Traded Credit Products and Head of New Product Approval for Asia.
He is a member of the Management Board of NUS Risk Management Institute. He is an Institute of Banking and Finance Singapore (IBF) Distinguished Fellow and holds a Master of Arts in Economics from the University of Akron, United States.
Kenneth Lai
Director
Mr Lai was appointed to the Board on 9 November 2020 and elected as a Director on 27 May 2021. He is currently Head of Global Treasury in OCBC Bank and has global responsibility for OCBC Bank’s financial market businesses and asset liability management in Singapore, Malaysia, Indonesia, Hong Kong, China and seven other overseas centres.
Mr Lai has over 33 years of experience in different functions across trading, sales and asset liability management and across different countries in Asia. Before joining OCBC Bank, he was the Head of Financial Markets at Ta Chong Bank in Taiwan and has held several key appointments with ABN AMRO bank. He started his career at Bankers Trust Company.
Other than serving on the boards of Bank of Singapore, OCBC Securities, and Clearing and Payment Services Pte Ltd (CAPS), Mr Lai also currently serves on Great Eastern Group’s Asset/Liability Committee and Investment Committee. He is Chairman of the Capital and Financial Markets Workgroup and also a member of the Singapore Foreign Exchange Market Committee, the IBF’s Standards Committee and the ABS Standing Committee on Financial Market and Benchmark Co Oversight Committee.
Mr Lai holds a Bachelor of Science in Finance from Virginia Polytechnic Institute and State University and is an IBF Fellow.
Na Wu Beng
Director
Mr Na was appointed to the Board on 1 July 2022. He is an experienced senior banker having served more than 40 years in banking and finance, most of this time with OCBC Group, having spent 31 years at OCBC Bank where he was a General Manager of OCBC Hong Kong Branch from 1990 to 1998 before returning to Singapore to head the International Division from 1999 to 2004.
In 2004, Mr Na spearheaded OCBC’s presence in Indonesia, working with PT Bank OCBC NISP Tbk in his capacity as Deputy President Director. Thereafter, he was appointed the Chief Executive Officer (CEO) of OCBC Wing Hang Bank Limited (OWH) from 2014 to 2021. Under his leadership, OWH was successfully integrated into the OCBC Group to create synergistic value. He had been instrumental in developing the Greater Bay Area Strategy and driving its implementation to achieve viable business results. He was appointed Advisor to the Board of OWH in May 2021 following his retirement as CEO of OWH.
Mr Na also serves as a Board Commissioner of PT Bank OCBC NISP Tbk. He holds a Bachelor of Arts (Economics) with Honours from Coventry University in the United Kingdom.
Helen Wong
Director
Ms Wong was appointed to the Board on 15 April 2021 and elected as a Director on 27 May 2021. She is currently the Group Chief Executive Officer and Executive Director of OCBC Bank. She is also Chairman of OCBC Wing Hang Bank (China) Limited, a Board Commissioner of PT Bank OCBC NISP Tbk and a Director of Great Eastern Holdings Limited, OCBC Bank (Malaysia) Berhad, OCBC Wing Hang Bank Limited and Dr Goh Keng Swee Scholarship Fund.
Ms Wong is a council member of the Association of Banks in Singapore and the Institute of Banking & Finance Singapore, Board member at Enterprise Singapore (ESG) and a member of the Monetary Authority of Singapore (MAS) Financial Centre Advisory Panel, MAS Payments Council and MAS Financial Sector Tripartite Committee.
Ms Wong has more than 39 years of banking experience, having started out as a Management Trainee in OCBC Bank and was its first China Desk Manager, based at the Hong Kong Branch. She has vast experience in Greater China, covering a wide range of roles in capital markets, syndicated finance and corporate banking.
Before returning to OCBC Bank, Ms Wong spent 27 years at HSBC, where her last role was as its Chief Executive for Greater China, which she was appointed to in 2015. She became the President and CEO of HSBC China based in Shanghai in 2010, and was promoted to be Group General Manager in 2011 to recognise her responsibility for the business operations and strategic expansion in China. She also held non-executive directorships at Baoshan Iron & Steel from 2012 to 2015, and at Bank of Communications from 2016 to 2019.
Ms Wong holds a Bachelor of Social Sciences from the University of Hong Kong.
Jason Moo
Executive Director and Chief Executive Officer, Bank of Singapore
Mr Jason Moo was appointed Chief Executive Officer (CEO) of Bank of Singapore on 6 March 2023 and Executive Director on 17 July 2023. He is currently a Director of Absolute Radiance Investments Ltd, Gangga Oh Resort Pte Ltd and LEDR Global Pte Ltd. He is also a Board member and Investment Committee Chairman of Raffles Institution. He joined Bank of Singapore from Julius Baer, where he was Head Private Banking Southeast Asia and Branch Manager Singapore.
Prior to joining Julius Baer in 2020, Jason worked at Goldman Sachs for more than two decades and has held several senior roles, including CEO of Goldman Sachs Singapore and Head of Southeast Asia and Australia for Private Wealth Management (PWM). Before relocating back to Singapore, he was based in Hong Kong as Head of Market Solutions Group and Head of Alternative Capital Markets Asia Pacific. Prior to that, he worked in the Equities Merchandising Group in New York. He joined Goldman Sachs as a financial analyst in PWM in Singapore upon graduation.
Mr Moo earned a Bachelor in Economics and East Asia Studies, with a focus on Japan, from Brown University, United States of America.
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