Head of OCBC's China unit resigns to join CapitaLand

Singapore

THE head of OCBC's China unit Kng Hwee Tin has resigned after more than three decades with the bank to join CapitaLand as chief executive officer, finance and corporate services, China, effective Oct 1.

This is a newly created role to support the growth of CapitaLand's business in China.

It is also a newly created position as Ms Kng succeeds the current chief financial officer of China, Steve Gong, who has retired, and is aimed at deepening the leadership bench strength of its group and China business, CapitaLand said in a statement.

In her new post, Ms Kng will be based in Shanghai and report to Andrew Lim, group chief financial officer, as well as Lucas Loh, president, CapitaLand (China).

She will oversee the finance, treasury, corporate finance and tax, communications, general procurement as well as the legal functions for the China business. She will also be a member of the CapitaLand executive committee to assist in other group strategic projects.

Ms Kng was the executive director and CEO of OCBC Bank (China) Limited since December 2012, and spearheaded the bank's growth strategy in China.

Based in Shanghai, she was responsible for the strategic and operational management of the bank, including profitability, people leadership and stakeholders' management.

OCBC Bank (China) Limited was later rebranded as OCBC Wing Hang Bank (China) Limited in July 2016, after OCBC's acquisition of Hong Kong's Wing Hang Bank in 2014, which led to its China subsidiary Wing Hang Bank (China) Limited being merged with OCBC Bank (China) Limited.

Prior to this appointment, Ms Kng was OCBC Bank's head of group audit, overseeing the full spectrum of audit activities for the lender and its subsidiaries.

During her tenure with the bank, she also held responsibilities in risk management and implemented several key initiatives to further strengthen board governance.