Wee Ee Cheong

How UOB’s Wee Ee Cheong masters the long game

The bank aims to accelerate its business expansion in South-east Asia

Wee Cho Yaw, the late patriarch of UOB, pictured in 2001. The family’s holding companies, including CY Wee & Co, are now wholly owned by Wee’s wife, three sons and two daughters.

Wee Cho Yaw’s heirs get access to his US$10 billion estate in UOB, UOL stakes

The estate transferred control over the lender and the family’s real estate arm UOL over several months

“All of us have fought the battle, and we have to prepare for the new ground, to energise the organisation,” says Wee Ee Cheong, deputy chairman and chief executive of UOB.

‘No one is indispensable’ – UOB’s Wee Ee Cheong says succession plan is in place

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

While shareholders may be fine with the CEOs of DBS and UOB staying in their roles for many more years, there are positives to having leadership change occur soon.
HOCK LOCK SIEW

Possible CEO changes at DBS, UOB should be seen as positive

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

The sale comes after Singapore’s high-end property market saw a tepid 2023, dented by a major money laundering scandal and high interest rates.

Scion of UOB’s Wee family buys mansion for S$39.5 million

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.

The late Wee Cho Yaw left his mark in many areas including the property sector.
THE LEVEL GROUND

Wee Cho Yaw’s business legacy may live on longer in property than in banking 

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...

UOB is one of several entities on the local bourse that is linked to the family of banker Wee Cho Yaw.
SENSE & CENTS

Why investors should back listed family-linked businesses such as those of the Wee family

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

UOB chief executive officer Wee Ee Cheong's annual remuneration comprises a base pay of S$1.2 million, a bonus of S$13 million, as well as benefits-in-kind and other transport-related benefits amounting to S$37,577.

UOB chief executive Wee Ee Cheong’s 2022 salary rises 30.2% to S$14.2 million

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.

Wee Ee Cheong will take over his father as chairman of UOI in April.

Wee Cho Yaw to step down from UOI board, Wee Ee Cheong to succeed as chairman

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...