UOB Malaysia Appoints Ng Wei Wei as First Female CEO | Money

File photo of United Overseas Bank (UOB) signage at a shopping mall in Singapore on May 11, 2016. – Reuters pic

KUALA LUMPUR, April 18 – United Overseas Bank (Malaysia) Bhd (UOB Malaysia) has announced the appointment of Ng Wei Wei as its first female Chief Executive Officer (CEO) effective May 1, 2022, succeeding Wong Kim Choong, who led the bank since 2012.

UOB Group Vice Chairman and CEO Wee Ee Cheong said Ng’s appointment reflects the bank’s strong belief in the importance and benefits of diversity as it anticipates customer needs in an environment of increasingly complex, changing and unstable.

“I am confident that under Ng’s leadership, UOB Malaysia will continue to reach greater heights as we help our clients seize opportunities locally and across the region,” he said in a statement today. today.

UOB Malaysia said Ng is a seasoned banker with extensive experience and knowledge of the financial sector.

He said she returned to UOB Malaysia in 2019 as Managing Director and National Head of Wholesale Banking, having held various senior positions at global financial institutions in Malaysia and Hong Kong, before moving on. assume the role of Deputy General Manager in 2021.

“She has been instrumental in growing UOB Malaysia’s wholesale banking franchise and advancing the bank’s strategic priorities, including its environmental, social, governance and innovation agenda, as well as in helping its customers grow regionally by leveraging the bank’s connectivity, expertise and capabilities,” he said. mentioned.

Meanwhile, he said Wong would take on a new role as senior adviser and oversee the integration of the bank’s retail banking businesses with Citi, until his expected retirement. — Bernama