Dr Wee Cho Yaw, visionary, banker extraordinaire, community pillar and celebrated pioneer, is highly regarded in Singapore and internationally.
He retired from the UOB Board in 2018 following more than 60 years at the helm of the UOB Group. Under his leadership and guidance, UOB became one of the leading banks in Asia. The Bank’s regional network grew from 75 to more than 500 branches and offices and through disciplined and sustainable growth, assets increased from $2.8 billion to more than $253 billion.
While Dr Wee was at the helm, UOB
Opened 1st overseas branch in Hong Kong
Acquired majority stake in Chung Khiaw Bank (CKB)
Opened Tokyo branch
Acquired Lee Wah Bank
Opened London branch
Opened New York agency
Opened Los Angeles agency
Opened Seoul representative office
Opened Beijing representative office
Expanded into Sydney and Xiamen
Expanded into Vancouver
Acquired majority interest in Industrial & Commercial Bank in Singapore
Set up representative office in Vietnam
Set up Taipei representative office
Expanded into Yangon
Subsidiary UOB Malaysia merged with subsidiary CKB Malaysia
Opened Shanghai branch
Acquired Westmont Bank in the Philippines
Acquired Radanasin Bank in Thailand
Acquired Overseas Union Bank in Singapore
Acquired 96.1% in Bank of Asia Public Company in Thailand
Increased controlling stake of PT Bank Buana in Indonesia to 61.1%
Opened Mumbai branch
Merged PT Bank UOB Indonesia with PT Bank UOB Buana
Completed full acquisition of Far Eastern Bank in Singapore
Officially opened Yangon branch, adding to UOB’s unparalled Southeast Asian network
Dr Wee has received many accolades for his business achievements and support of education, community welfare and the business community. Among the awards conferred on him are the Distinguished Service Order, Singapore’s highest National Day Award, ASEAN Business Advisory Council Legacy Award for Singapore and Honorary Degrees of Doctor of Letters from the National University of Singapore and Nanyang Technological University.
In recognition of his contributions and given his wealth of experience and insight, he remains as Chairman Emeritus and an Honorary Adviser to the Board.