Wee Cho Yaw’s business legacy may live on longer in property than in banking
Leslie Yee
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 community leader and a philanthropist.
Prime Minister Lee Hsien Loong hailed Wee as “a titan of Singapore’s banking industry”, citing his business acumen and visionary leadership behind the growth of UOB into one of the most successful banks in Singapore and the region.
Wee helmed UOB, which traces its roots to the founding of United Chinese Bank by his father Kheng Chiang in 1935, for decades.
TRENDING NOW
Three Holland Village shophouses sold for S$70 million to Tat Lee Bank’s Goh family unit
About 1 in 7 Singapore families has income of at least S$30k a month; share almost doubled in 5 years
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
DBS completes US$1 billion significant risk transfer deal, a first for Singapore bank