The firm is confident that the "seasoned" bankers, who have both significantly increased OCBC's business, will advance its strategic priorities in Greater China.

OCBC - parent of Bank of Singapore - has announced high-level leadership changes that will enhance the group’s ASEAN-Greater China coverage.

Wang Ke, chief executive of OCBC Wing Hang China, will become head of Greater China, succeeding Tan Wing Ming, who will be returning to Singapore as an advisor to the Group CEO.

Along with Wang’s appointment, Ang Eng Siong, deputy president and head of corporate banking at OCBC Wing Hang China, will step up as the acting CEO of that operation. Ang’s appointment will be formalised once regulatory approval is obtained.

Both appointments will take effect on 1 November 2023.

Wang (main picture), joined the OCBC Group in 2012 as the head of IT in China; his responsibilities were expanded to include operations in 2014. He was appointed the head of Pearl River Delta region in 2017, then became CEO of OCBC Wing Hang China in 2019. Under his leadership, critical technology infrastructure and capabilities were built up, and the business deftly steered through the Covid-19 pandemic. OCBC Wing Hang China’s profit has more than doubled since 2019 and in Q4 2022 it opened a branch in Wuhan, Central China’s largest city.

Ang (pictured below) has been with OCBC since 2009. He spent six years in Singapore in various roles across risk management, finance and business development. As part of OCBC’s talent development programme, Ang moved from Singapore to China in 2015. He was appointed China’s chief risk officer in 2018 and head of corporate banking in 2022. Ang built a resilient risk management structure to support the growing franchise. A strong advocate of teamwork and people development, Ang has deepened the capabilities of the team. As well as promoting growth in cross-border business, he led the China Corporate Banking Division into new areas such as sustainable finance and renewable energy, as well as the technology, media, and telecom (TMT) sector.

“Wang Ke and Eng Siong are valuable contributors to the OCBC franchise. I am confident that, in their expanded roles, they will further advance OCBC’s strategic priorities in Greater China,” Ms Helen Wong, Group CEO of OCBC, said.