OCBC Names Wang Ke as New CEO for Hong Kong Subsidiaryby Fintech News Hong Kong November 29, 2023
OCBC Bank has appointed Wang Ke as the new CEO of its Hong Kong subsidiary, effective 15 December 2023. This move is part of OCBC’s ongoing leadership renewal strategy in the Greater China region.
Wang Ke, who was recently named the Head of Greater China on 1 November 2023, will now also oversee the Hong Kong operations.
Prior to his current appointments, Wang served as the CEO of OCBC Wing Hang China, which has recently been rebranded as OCBC China following regulatory approval.
Joining OCBC Group in 2012, he has held various key positions, significantly contributing to the development of the bank’s technology infrastructure and business growth.
Under this new leadership structure, the CEOs of OCBC China and Macau will report directly to Wang. This consolidation is expected to enhance OCBC’s strategic positioning in Greater China, focusing on capturing key trade, investment, and wealth flows between the region and ASEAN.
OCBC’s emphasis on a unified approach across its markets, known as the ‘One Group’ strategy, is a central aspect of its Corporate Strategy, revised in 2022. Its three subsidiaries in Greater China, with a workforce of over 4,600 across 66 branches and offices, play a critical role in this strategy.
The current CEO of OCBC Hong Kong, Ivy Au-Yeung, is set to retire on 31 December 2023. Au-Yeung, the outgoing CEO, has been with OCBC since 2019 and played a pivotal role in the strategic planning and integration of OCBC’s operations in Greater China. Her leadership was instrumental during the pandemic and in the rebranding of OCBC Wing Hang Hong Kong to OCBC Hong Kong in July 2023.
Helen Wong, Group CEO of OCBC said,
“I am pleased that Wang Ke is assuming the CEO role of OCBC Hong Kong, following his appointment as the Head of Greater China. Having Wang Ke hold both positions will achieve greater synergy and alignment for the OCBC One Group approach.
I am confident that Wang Ke will continue to be a strong contributor to OCBC with his deep knowledge and vast experience of Greater China.”