OCBC has appointed Carina Lee Pei Queng as its next group chief risk officer and a member of the management committee, effective 1 January 2026.
According to The Edge, the move coincides with the retirement of Noel Gerald DCruz, who will step down on 31 December after 36 years with the bank.
DCruz has been the group chief risk officer since January 2023.
Before that, he led risk portfolio management and introduced data-driven approaches to risk quantification and emerging risk identification across the bank.
Lee, currently the group chief credit officer for OCBC’s wholesale banking arm, joined the bank in January 2021.
She oversees credit risk for SMEs, large corporates, financial institutions, sovereigns and counterparties, and chairs the group’s credit risk committee.
Lee also served as a director of OCBC China from June 2021 to June 2025.
OCBC group CEO Helen Wong credited DCruz with building a strong risk management foundation and said Lee’s balanced approach to risk and return will be crucial in today’s volatile operating environment.
Wong will retire on 31 December 2025. Tan Teck Long, head of global wholesale banking, will become CEO on 1 January 2026 while continuing in his role as deputy CEO.
After her retirement, Wong will remain chairman of OCBC China and a director of OCBC Hong Kong.
Wong joined OCBC in February 2020 as deputy president and head of global wholesale banking before becoming group CEO in April 2021.
Featured image: Edited by Fintech News Singapore, based on image by OCBC
