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Cheong Choong Kong to retire as OCBC Bank chairman

Post will go to former deputy governor of Bank Negara Malaysia

Singapore

OCBC Bank's Cheong Choong Kong is retiring as chairman of the Singapore banking group on Aug 31, after helming its board for 11 years.

Dr Cheong, 73, will be succeeded on Sept 1 by Malaysian Ooi Sang Kuang, a 66-year-old former deputy governor of Bank Negara Malaysia (BNM) and currently OCBC's non-executive lead independent director.

But the retiring chairman will remain a director of OCBC Bank and its unit Great Eastern Holdings, providing continuity to the group for a little longer, the bank said.

Dr Cheong, whose love for acting has seen him play a cabby and other roles on television, was appointed a director of the bank on July 1, 1999. From March 2002 to June 2003, he served as vice-chairman...

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