OCBC Bank has appointed Elaine Heng as its next Head of Global Commercial Banking, effective 1 October, as reported by The Business Times.
She will take over the role from Linus Goh, who is set to retire on 30 September after two decades with the bank.
Heng currently serves as OCBC’s Group Chief Strategy and Transformation Officer, a role she assumed in November 2024 after joining the bank earlier that year.
Her professional background includes a long tenure in banking as well as senior leadership positions at FairPrice Group, where she was Deputy Group CEO and CEO of Retail Business.
In the same round of leadership changes, OCBC also said that Tan Yuen Siang, head of global financial institutions, will join the bank’s global wholesale banking leadership team.
While he will continue in his current role, his reporting line will shift to Tan Teck Long, Head of Global Wholesale Banking.
Tan, who has been with OCBC since 2005, has led the global financial institutions business since 2021, overseeing the expansion of partnerships with non-bank financial entities.
Goh, who joined OCBC in 2004, has played a pivotal role in growing the bank’s commercial and financial institutions franchises across ASEAN and Greater China.
Under his leadership, the global financial institutions business recorded nearly 40 per cent growth in operating profit over the past three years, supported by momentum in the global funds and Greater China segments.
OCBC said Goh also helped shape the bank’s broader SME, digital and sustainable finance strategy, contributing significantly to Singapore’s banking sector.
Featured image: Edited by Fintech News Singapore, based on image by BillionPhotos via Freepik
