OCBC names Wang Ke as new CEO for its Hong Kong operations

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OCBC names Wang Ke as new CEO for its Hong Kong operations
Credit: © Reuters.

SINGAPORE - Oversea-Chinese Banking Corporation (OCBC), Singapore's second-largest lender, has announced the appointment of Wang Ke as the new Chief Executive Officer for its Hong Kong operations. Wang will step into his new role on December 15, succeeding Ivy Au-Yeung who will retire on December 31.

Wang Ke's appointment comes after a notable tenure at OCBC, where he has been instrumental in steering the bank's strategic direction in Greater China. Since joining OCBC in 2012 as the head of Information Technology in China, Wang has risen through the ranks, leading the Pearl River Delta region and serving as the CEO of the merged entity OCBC Wing Hang in China. Recently appointed as the head of Greater China, Wang has been a key player in the bank's "One Group" strategy, which aims to enhance cross-border banking collaboration.

The bank's Group CEO, Helen Wong, has praised the unified structure under Wang's leadership, noting that it promotes synergy across the organization's banking services. This structure will see OCBC China's Ang Eng Siong and Macau's Kelvin Lou reporting directly to Wang, further solidifying the bank's integrated approach.

Wang's leadership qualities have been recognized during his time as CEO of OCBC China from December 2019 to October 2023, a period during which he successfully navigated the company through the COVID-19 pandemic and achieved significant profit growth.

Ivy Au-Yeung, who will be retiring at the end of December, has been credited for her role in the rebranding from OCBC Wing Hang Hong Kong to OCBC Hong Kong and for managing the integration with OCBC Wing Hang Hong Kong in 2021. Au-Yeung has also been pivotal in succession planning for nine leadership roles and maintaining asset quality during her tenure amidst the pandemic.

Wang Ke's dual role as the head of Greater China, which he has held since November 1, aligns with OCBC's strategic focus on strengthening relations between Greater China and the ASEAN region. Group CEO Helen Wong has commended Wang's potential to create synergy within the bank's refreshed corporate strategy, signaling a positive outlook for OCBC's future in the region under his leadership.

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