UOB to expand board from 9 to 12 members

Singapore

UNITED Overseas Bank (UOB) will enlarge its board from the current nine members to 12 members to help deal with the increasing complexity of managing a bank.

UOB chairman Hsieh Fu Hua said the bank has decided to expand the size of the board up to 12 directors and is in the process of recruiting new directors. The disclosure was made in the bank's 2016 annual report released on Tuesday evening.