Wee Ee Cheong

What is important is preserving the bank’s current values and culture, says the bank’s chief executive

While change involving a long-serving leader is tricky, the banks are well placed to handle succession

A SCION of the Wee family, Singapore’s richest banking dynasty, is buying a S$39.5 million mansion, taking advantage of a lull in the high-end real estate market.

BUSINESS leaders, politicians and friends have paid tribute to Wee Cho Yaw, who died earlier this month at the age of 95. The late businessman was one of Singapore’s richest persons, an active communi...

Family-owned companies are likely to be managed with an eye on multi-generational wealth transfer, a plus for long-term sustainability

WITH its net profit hitting a record high of S$4.6 billion for the financial year ended Dec 31, 2022, the salary of United Overseas Bank’s (UOB) chief executive officer has also gone up.

UNITED Overseas Insurance (UOI) on Tuesday (Feb 28) announced a slew of changes to the board and management, with Wee Cho Yaw to step down as chairman on Apr 14. His son, Wee Ee Cheong, a director sin...

DESPITE being the smallest of the three local listed banks by total assets, UOB is doing well. The bank saw a 40 per cent growth year on year (yoy) in net profit of S$4.1 billion in 2021.