Great Eastern privatisation is ‘natural progression’ in bank’s strategy: OCBC CEO Helen Wong

THE full integration of Great Eastern into OCBC will help the lender realise more synergistic value, by providing more opportunities for the bank to work closer with the insurer, said OCBC chief executive Helen Wong.

Wong, speaking at the lender’s fourth-quarter results briefing on Wednesday (Feb 26), said the offer to take Great Eastern private last May was a “natural progression” in its strategy.

OCBC has aimed to drive collaboration across its three main business pillars of banking, wealth management and insurance, under its “one group” strategy.