OCBC has announced the appointment of Seth Tan as the new Head of Corporate Banking for its China unit.

Seth’s appointment, which became effective on 15 January, positions him in Shanghai where he will oversee banking relationships with state-owned enterprises and large corporates across the China market.

With over 27 years of banking experience, Seth succeeded Ang Eng Siong, who was appointed Chief Executive of OCBC China.

Seth’s career includes roles such as the co-head of structured finance Asia at Sumitomo Mitsui Banking Corporation and the founding head of Infrastructure Asia, an initiative by Enterprise Singapore and the Monetary Authority of Singapore.

His tenure in Greater China saw him in senior positions at institutions like DBS, BNP Paribas, Standard Bank, and Babcock & Brown.

In addition to reporting to Eng Siong, Seth will also report to Elaine Lam, OCBC’s Head of Global Corporate Banking.

His experience and expertise, particularly in project financing, export financing, and real estate and infrastructure, are expected to support OCBC’s strategic initiatives and growth in the China market.

“As we double down on our strategy to capture the trade and investment flows between Greater China and Asean, I have confidence that Seth’s deep experience across Greater China, as well as his expertise in project financing, export financing and real estate and infrastructure, will be of great value to OCBC China and the group,”

said Eng Siong.

Featured image credit: Edited from Unsplash