OCBC appoints bank veteran Noel Gerald DCruz as group chief risk officer effective Jan 1

OCBC on Wednesday (Nov 16) announced the appointment of Noel Gerald DCruz, a veteran who has been with the bank for 33 years, as group chief risk officer (CRO) effective Jan 1, 2023.

Current group CRO Vincent Choo, who joined OCBC in 2014, will stay on as an adviser.

DCruz currently heads OCBC’s group risk portfolio management department as well as the group data management office.

OCBC said DCruz has been involved in the reorganisation of the bank’s credit risk management structure, the set-up of the credit risk management committee and various specialised risk management units.

Over the years, DCruz has also been the acting group CRO, covering for Choo in his absence.

With the appointment, DCruz will be made a member of OCBC’s management committee and the management executive committee.

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OCBC’s group CEO Helen Wong said promoting from within the bank reflects the strength and depth of OCBC’s talent pool.

“Our talent management planning ensures that our businesses continue to run smoothly and without interruption even as our senior executives retire or move on to new opportunities in their career or in life,” she said.

“(Noel) has built and strengthened the group’s portfolio risk oversight and management, and we are assured that he will continue to ably assess and mitigate a panoply of risks facing the bank amid today’s increasingly uncertain environment,” Wong added.