OCBC appoints new CEO of Wing Hang Bank
SINGAPORE — Oversea-Chinese Banking Corporation (OCBC) yesterday said it has appointed Mr Na Wu Beng (picture) as chief executive of Wing Hang Bank, two days after it closed a HK$38.4 billion (S$6.19 billion) bid for the family-run Hong Kong lender.
Wing Hang Bank CEO Na Wu Beng. Photo: OCBC
SINGAPORE — Oversea-Chinese Banking Corporation (OCBC) yesterday said it has appointed Mr Na Wu Beng (picture) as chief executive of Wing Hang Bank, two days after it closed a HK$38.4 billion (S$6.19 billion) bid for the family-run Hong Kong lender.
Mr Na, who is deputy president director of NISP, OCBC’s Indonesia banking subsidiary, will assume his new post on Aug 18. The 58-year-old OCBC veteran has been instrumental in driving the corporate banking business at NISP in the past 10 years.
He joined OCBC in 1990 as general manager of the bank’s Hong Kong branches before returning to Singapore in 1999 to head its North Asia operations. He subsequently led OCBC’s international banking division before moving to NISP.
With Mr Na’s appointment, Wing Hang’s Dr Patrick Fung will relinquish his role as chief executive but will remain as chairman.
The announcement came after OCBC acquired 97.5 per cent of the shares of Wing Hang, which will be delisted.
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