UOB shareholders' faith in Wee Cho Yaw strong

SHAREHOLDERS of United Overseas Bank (UOB) continue to keep their faith in Wee Cho Yaw despite Thursday's announcement that he will be retiring from the board after six decades of steering the bank.

"I do not see much change," said E Yim, speaking in Cantonese. She had earlier this week sold some of her UOB shares at S$24.90 apiece.

"They say he's retiring but he's still the boss and the CEO is his son," said Ms Yim who called him "the controller".

Mr Wee, Singapore's most well-known name in banking, will retire from the board of UOB at the bank's next shareholders' meeting on April 20, 2018 after six decade…