OCBC hires DBS veteran as head of global wholesale banking

OCBC has hired DBS veteran Tan Teck Long as its head of global wholesale banking as part of its regular review of its senior management bench-strength to ensure that its top executives remain relevant to the bank's strategic objectives.

Mr Tan, 51, will in his new role assume global responsibilities for all of OCBC's wholesale banking businesses which comprise global corporate banking, global commercial banking, global transaction banking, emerging business, global financial institutions, group investment banking, as well as the bank's Mezzanine Capital Unit. His appointment takes effect on March 15, 2022.

Mr Tan is currently the chief risk officer at DBS, a position he assumed in July 2018. He will relinquish this role on March 12, 2022. (see Amendment note)

His previous positions at DBS included the head of the corporate bank and chief operating officer of the institutional bank from January 2016 to June 2018, as well as the head of DBS's institutional banking group in China from September 2011 to January 2016.

He also currently serves as the supervisor of the board of DBS in China, and is also a member of the management board of the risk management institute at the National University of Singapore.

OCBC said the head of global wholesale banking is a key position in the company's plans to further grow and expand strategically across its core markets.

Mr Tan was identified through a search conducted by an independent external executive search firm. He was also assessed by OCBC's board of directors and was found to have the "requisite knowledge and experience for the position", added the bank.

Amendment note: An earlier version of this article incorrectly stated that Mr Tan will relinquish his current role at DBS in September. He will in fact do so on March 12 next year.