OCBC hires China corporate banking head from Sumitomo Mitsui
OCBC has appointed Seth Tan as its China unit’s new head of corporate banking. On Monday (Jan 22), the bank said Tan’s appointment was effective from Jan 15, 2024. He took over from Ang Eng Siong, who was appointed chief executive of OCBC China on Nov 1, 2023.
He brings over 27 years of banking experience to the group.
Tan joined OCBC from Sumitomo Mitsui Banking Corporation, where he was co-head of structured finance Asia.
Prior to that, he was founding head of Infrastructure Asia when it was established by Enterprise Singapore and the Monetary Authority of Singapore in 2018. The agency facilitates infrastructure offerings from companies and financial institutions based in Singapore and the region.
Tan was based in Greater China from 2009 to 2018 where he held senior positions at DBS, BNP Paribas, Standard Bank and Babcock & Brown.
“As we double down on our strategy to capture the trade and investment flows between Greater China and Asean, I have confidence that Seth’s deep experience across Greater China, as well as his expertise in project financing, export financing and real estate and infrastructure, will be of great value to OCBC China and the group,” said Ang.
In his new role with OCBC China, Tan will be based in Shanghai and responsible for all banking relationships with state-owned enterprises as well as large corporates across the China market.
Aside from Ang, he will also report to OCBC’s head of global corporate banking, Elaine Lam.
Copyright SPH Media. All rights reserved.
