Singapore 2nd Largest Bank $59 Billion OCBC Appoints Head of Global Wholesale Banking Tan Teck Long as Group CEO (1/1/26) Succeeding Helen Wong Who is Retiring, Tan Teck Long Joined OCBC in 2022 & was Singapore Largest Bank DBS Chief Risk Officer, Commissioner of DBS Bank Indonesia & Group Head of Corporate Bank
12th July | Hong Kong
Singapore 2nd largest bank OCBC ($59 billion market value) has appointed Head of Global Wholesale Banking Tan Teck Long as Group CEO (1/1/26) succeeding Helen Wong who is retiring. Tan Teck Long joined OCBC in 2022, and was Singapore largest bank DBS Chief Risk Officer, Commissioner of DBS Bank Indonesia & Group Head of Corporate Bank. OCBC current market value is at $59 billion, with share price +1.5% YTD, +10.5% in last 12 months & +82.5% in last 5 years. OCBC (11/7/25): “OCBC today announced that Mr Tan Teck Long will be appointed its Group Chief Executive Officer on 1 January 2026, succeeding Ms Helen Wong who is retiring on 31 December 2025. As part of a smooth transition over the next 6 months, Mr Tan – who has been Head of Global Wholesale Banking since joining OCBC in March 2022 – will with immediate effect assume the additional role of Deputy CEO. Ms Wong will remain, post retirement, the Chairman of OCBC China and a director of OCBC Hong Kong, two strategically important banking subsidiaries. Since May this year, Mr Tan has been chairing the OCBC Strategic Resilience Group (SRG), whose objective is to calibrate OCBC’s position given the continually evolving global paradigm, strengthen the bank’s resilience, and improve the long-term sustainability of our businesses by seeking new growth engines. In China, he serves as a director on the boards of Bank of Ningbo and Maxwealth Fund Management Company, both affiliated with OCBC. Ms Wong – who joined OCBC in February 2020 as Deputy President and Head of Global Wholesale Banking before becoming Group CEO in April 2021 – had indicated last year that she wished to retire for family reasons. Since the start of 2025, she has been spending more personal time in Hong Kong, where her family is based. Mr Tan’s appointment is a testament to OCBC’s rigour in succession planning and talent management. As Head of Global Wholesale Banking, he has global responsibility for all banking relationships with small and medium-sized enterprises, large corporates and financial institutions, global transaction banking and the investment banking business … … Prior to joining OCBC, Mr Tan was the Group Chief Risk Officer at another regional bank. His more than 30 years of banking experience include senior positions leading corporate banking business and risk management function globally. Under Mr Tan’s leadership in the three years, the Global Wholesale Banking division achieved a CAGR of about 20% in total income and 25% in net profit. Strong revenue growth of about 35% and customer growth of more than 50% were recorded from capturing the surging Greater China-ASEAN flows. Seeing the potential in Technology, Media, and Telecommunications (TMT) companies, Mr Tan built TMT industry specialist teams in China and Singapore, more than doubling the revenue in three years. He substantially grew the syndicated loans in Hong Kong, propelling OCBC Hong Kong to third on the Hong Kong Loan Syndication League Table position from 11th, and grew the debt capital markets business to top the Singapore Dollar Bond League Table in 2024. A strong advocate of sustainability, Mr Tan immediately set out OCBC’s net zero carbon emission targets for the financed portfolio for six priority industry sectors after assuming the role in 2022. Pioneering the concept of horizontal organisation framework in OCBC, Mr Tan re-engineered the credit processes and modernised the credit platform, significantly enhancing productivity and efficiency. He played a pivotal role in the revamp of the bank’s global asset-liability and funds transfer pricing framework to sharpen product pricing for more robust balance sheet management. Mr Tan has also accelerated regional investments across technology and data analytics. Today, over 90% of SMEs are onboarded digitally in Singapore and Malaysia … … Since assuming the Group CEO role in April 2021, Ms Wong has achieved record profits for three consecutive years. Strong growth was registered across all core pillars of banking, wealth management and insurance: CAGR has been 15% for banking net profit, 13% for wealth management income and 34% for the insurance profit contribution from Great Eastern Holdings. Through relentless adoption of the One Group strategic approach, OCBC is on track to surpassing the incremental revenue target – of S$3 billion incremental revenue before the end of 2025 – that was publicly declared in 2023. Ms Wong also successfully completed the acquisition and integration of Indonesia’s Bank Commonwealth into OCBC Indonesia, and increased OCBC’s stake in Great Eastern Holdings from 88.44% to 93.72% via a Voluntary General Offer made in July 2024. In February 2025, she unveiled the largest capital return plan in OCBC’s history amounting to S$2.5 billion, comprising special dividends and share buybacks over two years.” In 2025 March, Singapore OCBC Group CEO Helen Wong pay increased +5.7% to $9.5 million (S$12.8 million) for 2024. For 2023, OCBC Group CEO Helen Wong pay increased +8% to $8.9 million in 2023 ($12.1 million). In 2021, OCBC Group announced the appointment of Helen Wong as Group CEO effective on the 15th of April 2021. Group CEO Samuel Tsien retired on 14th of April 2021 after the leading the group for 10 years (2012).
” Singapore 2nd Largest Bank $59 Billion OCBC Appoints Head of Global Wholesale Banking Tan Teck Long as Group CEO (1/1/26) Succeeding Helen Wong Who is Retiring, Tan Teck Long Joined OCBC in 2022 & was Singapore Largest Bank DBS Chief Risk Officer, Commissioner of DBS Bank Indonesia & Group Head of Corporate Bank “
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Andrew Lee, Chairman of OCBC Group’s Board of Directors: “The Board reluctantly accepted Helen’s request to retire to spend more time with her family. We thank her for agreeing to stay on to continue providing stewardship as Chair of our China Board and a director of the Hong Kong Board, given her vast experience and deep knowledge of Greater China … … After a rigorous global search, the Board unanimously agreed that Teck Long was the best candidate to take the helm. He has demonstrated sterling leadership that goes beyond growing the wholesale banking business; as chair of the OCBC Strategic Resilience Group, he has shown the ability to zero in on the critical issues, be forward-thinking and act decisively. With Teck Long’s appointment, there will be no disruption to OCBC’s corporate strategic direction of becoming an integrated financial services powerhouse. As it is, few financial institutions in Asia can rival the Group’s diversity and synergistic power. Teck Long will refine and enhance our corporate strategy, leveraging OCBC’s comprehensive franchise and anchored on the One Group approach, so that OCBC’s growth and reach will break new ground. The Board and I are delighted to congratulate him on his new role as Group CEO … … Helen sharpened OCBC’s competitive edge as an integrated financial services group by ushering in a well-defined corporate strategy. Together with the team, Helen has executed the strategy in a clear and disciplined manner. She is handing over to Teck Long a very steady ship. The Board and I offer her our unreserved thanks and wish her a very happy retirement.”
Tan Teck Long, Incoming OCBC Group CEO: “I thank the Board for granting me the honour of leading OCBC. Over the past three years, I have greatly enjoyed working hand in-hand with so many talented individuals in OCBC to repeatedly achieve record business results, and launch several first-in-market initiatives. Helen has laid down a firm foundation and I will be privileged to build on that. In many respects, a new season has begun for the world economy but the One OCBC Group approach Helen has led us in championing will remain strategically critical to capturing opportunities amid expanding ASEAN-Greater China connectivity. We are already differentiated from our peers in Asia as a diversified financial services group. We will now double down on pursuing strong sustainable growth, innovation and people development as we fulfil our purpose of enabling people and communities to realise their aspirations.”
Helen Wong, Outgoing OCBC Group CEO: “It has been a rewarding journey to lead OCBC, with its rich history and heritage. Playing a part in its transformation towards ever greater strength and resilience has been especially fulfilling. I am deeply grateful to the Board for their wise counsel, my management team for being such a great team, and all my colleagues for their commitment and dedication in making OCBC the Bank of the Year in Asia Pacific and Best Managed Bank in Singapore – awarded by leading financial publications – this year. I am very pleased to hand the baton over to Teck Long. His bold leadership style, immense sense of responsibility and vision coupled with grit will steer OCBC confidently into the future. The synergies of our unique banking, wealth management, insurance and asset management franchise will be further maximised under Teck Long’s leadership.”
Singapore OCBC Group CEO Helen Wong Pay Increased +5.7% to $9.5 Million (S$12.8 Million) for 2024, Current Market Value at $58 Billion, Share Price +4.2% YTD, +26.2% in Last 12 Months & +94.6% in Last 5 Years
27th March 2025 – Singapore OCBC Group CEO Helen Wong pay has increased +5.7% to $9.5 million (S$12.8 million) for 2024. OCBC current market value is at $58 billion, with share price +4.2% YTD, +26.2% in last 12 months & +94.6% in last 5 years. For 2023, OCBC Group CEO Helen Wong pay increased +8% to $8.9 million in 2023 ($12.1 million). In 2021, OCBC Group announced the appointment of Helen Wong as Group CEO effective on the 15th of April 2021. Group CEO Samuel Tsien retired on 14th of April 2021 after the leading the group for 10 years (2012).
OCBC Appoints Helen Wong as Group CEO, Samuel Tsien to Retire
2021 – Singapore – OCBC Group, one of Singapore’s top 3 banks, has announced the appointment of Helen Wong as Group CEO effective on the 15th of April 2021. Current Group CEO Samuel Tsien will be retiring on the 14th of April 2021 after the leading the group for 10 years (2012).
HSBC Greater China CEO Helen Wong Rejoins OCBC, to Lead OCBC Group
In February 2020, Helen Wong re-joined OCBC Bank as Deputy President and Head of Group Wholesale Banking. In 1984, Helen had started her career in banking with OCBC and was the first China Desk Manager for the bank. After leaving OCBC, she went onto other banks in Hong Kong before joining HSBC in 1992. In her last role at HSBC, she was the Chief Executive of Greater China (Mainland China, Hong Kong, Macau and Taiwan). In 2015, she had also served as the chairman of Hong Kong Association of Banks.
Current OCBC Group CEO Samuel Tsien to Retire
Current Group CEO Samuel Tsien joined OCBC in 2007 as the Global Head of Global Corporate Bank will retire on the 14th of April 2021. In 2012, he was appointed as OCBC Group CEO. He led OCBC growth in the Asian region, doubling its net profit and assets, including the notable acquisition of Hong Kong’s Wing Hang bank. In 2016, through the the private banking subsidiary of OCBC, Bank of Singapore acquired Barclays’ wealth management business in Singapore and Hong Kong. In 2017, OCBC acquired the retail and wealth business of National Australia Bank (NAB) in Singapore and Hong Kong. In 2019, OCBC Group reported a record S$4.87 billion in net profit (2011: S$2.31 billion) and total assets of S$492 billion (2011: $278 billion).
OCBC Since 1932
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of 3 local banks, the oldest of which was founded in 1912. OCBC Bank and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services. OCBC Bank’s key markets are Singapore, Malaysia, Indonesia and Greater China, with more than 560 branches and representative offices in 19 countries and regions. OCBC Banking business includes OCBC Bank, Bank OCBC NISP, OCBC Wing Hang China and OCBC Al-Amin. OCBC subsidiaries:
- Bank of Singapore (Private Banking)
- Great Eastern (Insurance)
- Lion Global Investors (Asset Management)
- OCBC Securities (Brokerage)
Chairman of OCBC Bank, Ooi Sang Kuang:
“The Board and I congratulate Helen on her new role as the Group CEO. We had looked at candidates internally in OCBC, and within and outside Singapore before we agreed on Helen as the best qualified person. Helen’s experiences and expertise extend beyond corporate banking, Greater China and North Asia. She also ran a large banking operation of a global bank as the Chief Executive of Greater China, including Hong Kong, prior to joining OCBC. We are confident that Helen will be able to lead the OCBC Group to greater heights in an increasingly complex and challenging environment. The Board and I thank Sam (Samuel) for his outstanding contributions to OCBC. In his nine years as the Group CEO, Sam has significantly built the OCBC franchise into a much more diversified and resilient business. He has strengthened the risk culture and internal processes, and instilled a set of solid corporate values to guide the team in doing business in a sustainable way. On behalf of the Board, Management and staff of the OCBC Group, we wish Sam a delightful retirement.”
Incoming Group CEO OCBC Bank, Helen Wong
“I am deeply honoured to be succeeding Sam, who is highly regarded and respected, not just in Singapore’s banking industry, but also regionally. I want to thank the Board for the confidence and opportunity to lead one of Asia’s leading financial institutions. In the past one year, with the Covid-19 pandemic breaking out right after I joined OCBC, I have witnessed Sam’s sound judgment and worked hand-in-hand with many talented and like-minded individuals. Although Covid-19 struck fiercely at the economy and impacted many lives and livelihoods, we navigated the storm deftly thanks to Sam’s leadership, the team’s united efforts and the Board’s guidance. The team and I will now continue to build on OCBC’s strong foundations to further entrench it as a leading and progressive regional financial institution.”
Group CEO OCBC Bank, Samuel Tsien:
“It was indeed humbling to be given the opportunity to serve as Group CEO for the past 9 years. I have found it a truly fulfilling and rewarding experience to be able to build on the firm foundations laid by my predecessors, and to take one of Asia’s most iconic organisations to new heights. Attributed to my team, we have collectively made OCBC Group more resilient, more regional and diversified, and with stronger fundamentals in capital, funding, technology and people resources as we continue to position for future growth. I am very grateful for the firm support that the Board and our shareholders, customers and colleagues have always provided. My sincere thanks go to all our customers, for trusting OCBC and allowing us to serve you and meet your needs. Including the years when I served as the Head of Global Corporate Bank, my 14 years with OCBC have been the high point, not only of my career, but also my life. I am likewise grateful for the opportunity to work on many industry matters with the guidance from the Monetary Authority of Singapore and in partnership with my respected peer bankers in Singapore and across the region. I am fully confident that OCBC will continue to do well and do good under Helen’s leadership, creating sustainable value for all stakeholders.”
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