OCBC Bank appoints Ong Eng Bin as CEO for Malaysian business

He assumes his new role in August.

Oversea-Chinese Banking Corporation Limited (“OCBC Bank”) has announced that it has appointed Mr Ong Eng Bin, as CEO of OCBC Bank (Malaysia) Berhad (OCBC Malaysia) with effect from 8 August 2014.

According to a release from OCBC Bank, prior to this appointment, he was OCBC Malaysia’s Head of Business Banking. Mr Ong succeeds Mr Jeffrey Chew, who left the bank on 30 June.

Mr Ong, 51, joined OCBC Malaysia as a management trainee in 1988. In the early 1990s, he headed the credit and marketing function of a branch before joining the corporate banking division.

In 2012, he was appointed Head of Business Banking, which comprises corporate and commercial, emerging business and transaction banking. Under Mr Ong’s leadership, the division accounted for 55% of OCBC Malaysia’s revenues and 65% of its pre-tax profits in 2013.

Commenting on Mr Ong’s appointment, Mr Samuel Tsien, Group CEO of OCBC Bank, said, “I am pleased that Eng Bin has taken up the challenge of assuming the role of CEO for our Malaysia franchise.

His appointment is yet another example of our effective development of home talents and succession planning.

Under Eng Bin’s leadership, our corporate banking business has sustained good growth momentum over the past two years.

He has also built a strong team of bankers who serve the needs of our customers well.

I welcome Eng Bin aboard the senior management team and am confident he will continue to be a valuable contributor.”

Mr Tsien also expressed appreciation to Mr Jeffrey Chew for his contribution to OCBC Bank’s Malaysian franchise as its CEO over the past six years, and wished him every success in his future endeavours.