OCBC announces leadership changes in its global wholesale banking franchise

Oversea-Chinese Banking Corporation (OCBC) has made several leadership changes to its global wholesale banking franchise. These changes will take effect on Oct 1.

Photo: OCBC

Elaine Heng (pictured above), who is currently the group chief strategy and transformation officer, will succeed Linus Goh as OCBC’s head of global commercial banking. Goh, who first joined the bank in April 2004 as its head of international business, will retire on Sept 30.

Tan Yuen Siang, the bank’s head of global financial institutions, will join the global wholesale banking leadership team. Tan currently reports to Goh.

In their new roles, Heng and Tan will report to Tan Teck Long, OCBC’s head of global wholesale banking.

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Heng, who joined OCBC in April 2024, will work with the commercial banking leadership team to build on Goh’s work. Under his leadership, OCBC sharpened its focus across digitalisation, ecosystems, sustainable finance and internationalisation. He also grew the global financial institutions business under his watch.

Photo: OCBC

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Tan Yuen Siang (pictured above) joined OCBC in 2005 and was made the leader of the bank’s global financial institutions business in 2021. Under his leadership, Yuen Siang focused on expanding strategic partnerships with non-bank financial institutions.

“Elaine is taking over a strong commercial banking team built by Linus over the last 17 years. I am confident that she will bring to our commercial banking business new perspectives while continuing to build on the long-standing relationships Linus and the team have built among our clients,” says Teck Long.

Helen Wong, OCBC’s group CEO, thanked Goh for his “invaluable contributions” to the bank, noting that he has been a “key member” of the management team and played a “crucial role” in OCBC’s expansion within its core markets.

“He has built and nurtured a high-performing commercial banking team and has made strong contributions to the broader Singapore banking industry, championing small- and medium-sized enterpreneur (SME) development, digital innovation, and sustainable finance. His thought leadership and advocacy have helped shape industry standards and inspired progress across the financial ecosystem,” Wong adds.

Shares in OCBC closed 14 cents higher or 0.87% up at $16.31 on May 27.