Nets makes 2 board appointments from OCBC

THE Network for Electronic Transfers (Nets) has appointed Sunny Quek and Melvyn Low to its board of directors, effective Nov 1, it said in a press statement on Thursday (Nov 11).

Quek, who is OCBC's head of consumer financial services, succeeds Ching Wei Hong, OCBC's deputy president and chairman of Bank of Singapore and OCBC Securities.

Ching recently stepped down as Nets chairman and retired from OCBC at the end of September 2021 after 22 years of service. Susan Hwee, UOB's head of group technology and operations, took over as Nets' chairman on Sep 1.

Quek has more than 20 years of banking experience. He joined OCBC in 2012 and helped grow its retail banking business, and led OCBC's premier banking business. In 2018, he spearheaded the launch of an accredited investor platform offering bespoke wealth solutions to high-net-worth individuals in Singapore and the region.

Meanwhile, Low, who is OCBC's head of global transaction banking, replaces Neo Bock Cheng, OCBC's head of partnerships, global commercial banking. Neo has served on the Nets board since 2010.

Low has more than 27 years of industry experience, having assumed several senior roles in sales and product management, cash management, trade and securities services in banks, regionally and globally. From 2010 to 2013, he was director of the Singapore Clearing House Association, where he helped launch the Fast and Secure Transfers (FAST) platform.