Ching Wei Hong, Deputy President of OCBC Bank Singapore will be exiting the financial institution after serving for 22 years. The retirement will take place by the end of September, as per the exchange filings.

Ching Wei Hong joined the Bank in November 1999 and was promoted to the role of Deputy President in the year 2020, as a recognition of his continued efforts to scale up wealth management business and digital transformation of the franchise. He played a significant role in laying the Bank's foundation for business growth in forthcoming years. He further extended his hand to expand and develop the Bank's wealth management as well as consumer banking.

The veteran served OCBC Bank under diverse roles, strengthening its online transaction management system, Velocity@OCBC along with transformation of Internal Capital Adequacy Assessment Process (or ICAAP) for Basel II.

Helen Wong, Chief Executive Officer, OCBC Bank Singapore, speaking on Ching Wei Hong's retirement mentioned about his contributions to the institution in laying a strong foundation for the banking business to grow. Wong thanked him for his 22 years of hard work and wished him a happy retirement.

The 62-year old, Ching Wei Hong, joined OCBC Bank as Transaction Banking Head. He served the institution under a number of roles including, Executive Vice President, Chief Financial Officer and Chief Operating Officer. He was also announced the chairman of Bank of Singapore in 2012.

Apart from the recent retirement news, OCBC is set to promote present Consumer Financial Services Head, Sunny Quek to Global Financial Services Head. Quek will also be named Director of OCBC Securities, subject to regulatory approval, mentioned Wong.