Board of Directors

Dr Wee Cho Yaw – Chairman Emeritus and Honorary Adviser

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”Honour and integrity must never be compromised in a banker. These values have guided us since our founding in 1935.“


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. During his term as Group Chairman and CEO, the Bank’s network expanded from 75 to more than 500 branches and offices globally and its assets increased from $2.8 billion to more than $253 billion through his pursuit of disciplined and sustainable growth.


Highlights of UOB’s expansion since 1965 include:


  • 1965 Opens 1st overseas branch in Hong Kong
  • 1971 Acquires majority stake in Chung Khiaw Bank (CKB)
    Opens Tokyo Branch
    Opens Tokyo Branch
  • 1973 Acquires Lee Wah Bank
  • 1975 Opens London branch
  • 1977 Opens New York agency
  • 1980 Opens Los Angeles agency
  • 1983 Opens Seoul representative office
  • 1984 Opens Beijing representative office
  • 1985 Expands into Sydney and Xiamen
  • 1986 Expands into Vancouver
  • 1987 Acquires majority interest in Industrial & Commercial Bank
  • 1992 1st Singapore bank to set up office in Vietnam
    Sets up Taipei representative office
    Sets up Taipei representative office
  • 1994 Expands into Yangon
  • 1997 UOB Malaysia merges with CKB Malaysia
  • 1998 Opens Shanghai branch
  • 1999 Acquires Westmont Bank in the Philippines
  • 1999 Acquires Radanasin Bank in Thailand
  • 2001 Acquires Overseas Union Bank
  • 2004 Acquires 96.1% in Bank of Asia Public Company in Thailand
  • 2005 Increases controlling stake of PT Bank Buana in Indonesia to 61.1%
  • 2009 Opens Mumbai branch
  • 2010 Merges PT Bank UOB Indonesia with PT Bank UOB Buana
  • 2015 Completes full acquisition of Far Eastern Bank
    Officially opens Yangon branch, adding to UOB’s unparalleled Southeast Asian network
    Officially opens Yangon branch, adding to UOB’s unparalleled 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 National Day Award (2011), ASEAN Business Advisory Council Legacy Award for Singapore (2017) and Honorary Doctor of Letters from the National University of Singapore (2008) and Nanyang Technological University (2014).


Dr Wee remains as Chairman Emeritus and Honorary Adviser to share his wealth of experience and insight with the Board and Management.

Board of Directors

  

Mr Wong was appointed to the Board of United Overseas Bank on 27 July 2017 and assumed the role of Chairman on 15 February 2018. He was last re-elected as a Director on 30 April 2021. He is the Chairman of the Executive Committee and a member of the Board Risk Management Committee, Nominating Committee and Remuneration and Human Capital Committee.

Mr Wong served 26 years in the Singapore Government where he held various ministerial appointments in the Communications and Information, Community Development, Foreign Affairs and Home Affairs Ministries, and at the National Population and Talent Division (Prime Minister's Office). He retired as Deputy Prime Minister and Coordinating Minister for National Security in 2011 but remained as a Member of Parliament till 2015. He joined the private sector in 2011 and served as Chairman on the boards of Singapore Sichuan Investment Holdings, Singbridge Holdings and Singbridge International Singapore.

He is the Chairman of CapitaLand Group, CLA Real Estate Holdings, and a director of Bo'ao Forum for Asia. He is also the patron of Kwong Wai Shiu Hospital.

Mr Wong has a Master of Science in Business Studies from the London Business School, University of London and a Bachelor of Arts (Hons) from the University of Singapore.

He was conferred the Public Administration Medal (Silver) in 1976 and the Medal of Honour by National Trade Union Congress in 1998.

Mr Wee was appointed to the Board on 3 January 1990 and last re-elected as Director on 5 June 2020. He is a member of the Board Risk Management Committee, Executive Committee and Nominating Committee.

A career banker with more than 40 years’ experience, Mr Wee joined UOB in 1979 and was appointed as its Deputy Chairman on 24 March 2000. On 27 April 2007, he assumed the position of Chief Executive Officer. He also sits on the boards of several UOB subsidiaries including United Overseas Insurance, United Overseas Bank (China) (Chairman), PT Bank UOB Indonesia (President Commissioner), United Overseas Bank (Malaysia) (Deputy Chairman) and United Overseas Bank (Thai) Public Company (Deputy Chairman). He was also formerly a director of Far Eastern Bank.

Active in industry and community development, Mr Wee serves as Chairman of The Association of Banks in Singapore, Vice Chairman of The Institute of Banking and Finance and director of ASEAN Bankers Association. He is also a member of the Board of Governors of the Singapore-China Foundation and the Indonesia-Singapore Business Council, and Honorary Council Member of the Singapore Chinese Chamber of Commerce and Industry. He was previously Deputy Chairman of the Housing and Development Board and a director of the Port of Singapore Authority, Pan Pacific Hotels Group, UOL Group and United International Securities, and a member of the Visa AP Senior Client Council.

A keen art enthusiast, Mr Wee is the Patron of the Nanyang Academy of Fine Arts. He is also a director of Wee Foundation.

Mr Wee holds a Bachelor of Science (Business Administration) and a Master of Arts (Applied Economics) from American University, Washington, DC.

In 2013, he was awarded the Public Service Star for his contributions to the financial industry.

Mr Lien was appointed to the Board on 27 July 2017 and was last re-elected as a Director on 21 April 2022. He is a member of the Executive Committee and Nominating Committee.

He is the Executive Chairman of Wah Hin and Company and Chief Investment Officer of Sandstone Capital. Mr Lien was a managing director of Morgan Stanley and headed its corporate finance business up to 2002. He built up Morgan Stanley’s Singapore and Indonesia corporate finance franchises from 1994, focusing on cross-border mergers and acquisitions. Before he joined Morgan Stanley, Mr Lien was responsible for equity origination at Standard Chartered Merchant Bank Asia. He started his career at Singapore’s Ministry of Trade and Industry in the late 1980s.

In 2012, he founded Leap Philanthropy Limited, a charity that supports early philanthropy projects in Indochina. He was previously a board member of Temasek Holdings and a member of the National University of Singapore’s Board of Trustees. He was also a director of United Overseas Bank between 3 May 2005 and 29 April 2009.

Mr Lien was a Colombo Plan Scholar and holds a Bachelor of Economics (First Class Hons) with double majors in Finance and Econometrics from Monash University, Australia.

Mr Yeo was appointed to the Board on 27 July 2017 and was last re-elected as Director on 30 April 2021. He is the Chairman of the Audit Committee, and a member of the Board Risk Management Committee and Nominating Committee.

The youngest lawyer to be appointed Senior Counsel at the age of 37, Mr Yeo is the Chairman and Senior Partner of WongPartnership. His main areas of practice are litigation and arbitration in banking, corporate, commercial and infrastructure disputes. Mr Yeo was an elected Member of Parliament from 2006 to 2015, and a former Chairman of the Government Parliamentary Committee for Home Affairs and Law.

He is a member of the Court of Arbitration of the Singapore International Arbitration Centre and a fellow of the Singapore Institute of Directors. He had also served on various public committees which undertook comprehensive reviews of the legal services sector. He was formerly a director and audit committee member of Keppel Corporation and Singapore Land Group.

Mr Yeo graduated from King’s College, University of London with a Bachelor of Law (Hons).

In 2017, Mr Yeo was honoured with the “Outstanding Contribution to the Legal Profession” Award from Chambers Asia-Pacific in recognition of exceptional work in his field and continued contribution to the Asian legal arena.

Mr Wee was appointed to the Board on 1 July 2018 and was last re-elected as a Director on 21 April 2022. He is a member of the Board Risk Management Committee and Remuneration and Human Capital Committee.

He is the President & Chief Executive Officer of Haw Par Corporation, a company with businesses in the healthcare, leisure, property and investment sectors. Mr Wee has been closely involved in the management and growth of the Haw Par Group over the last 30 years. Currently, he is the Deputy Chairman of UOL Group, and a director of Singapore Land Group and Wee Foundation.

Mr Wee graduated from Clark University with a Bachelor of Arts degree in Economics.

Mr Phan was appointed to the Board on 1 July 2019 and was last re-elected as Director on 5 June 2020. He is the Chairman of the Nominating Committee and a member of the Audit Committee, Executive Committee, and the Remuneration and Human Capital Committee.

An accountant by training, Mr Phan has more than 35 years of experience in the auditing and advisory fields, of which close to 10 years were spent overseas in London and Kuala Lumpur. He was formerly the Ernst & Young Area Managing Partner for the Asia Pacific region and was responsible for all its businesses in the region, including assurance, tax, transaction and advisory services. He was also a member of its Global Executive Board prior to his retirement in 2018. His work experience also includes business consulting and process improvement for multinationals, government and quasi-government organisations, and advising companies on initial public offerings on various exchanges.

Mr Phan is a director of Jardine Cycle & Carriage, Advanced MedTech Holdings and the Singapore Accountancy Commission. He had also previously served as a director of Spring Singapore and Singapore Land Authority.

Mr Phan graduated from the University of Aston, United Kingdom, with a Bachelor of Science in Managerial and Administrative Studies and is a fellow of the Institute of Singapore Chartered Accountants. He also qualified as a chartered accountant under the Institute of Chartered Accountants of England and Wales.

Dr Chia was appointed to the Board on 1 October 2020 and was last re-elected as Director on 30 April 2021. He is the Chairman of the Board Risk Management Committee and a member of the Audit Committee.

Dr Chia joined GIC in 1994 and held various positions in economics and strategy, foreign exchange and quantitative investments before being appointed as its Chief Risk Officer (CRO) in 2011, a position he held until his retirement in March 2020. As the CRO in GIC, Dr Chia was responsible for the risk management oversight for the GIC group. Prior to joining GIC, he was a lecturer at the Department of Economics and Statistics at the National University of Singapore.

Currently, he is a director of Eastspring Investments Group and a member of the Boards of Trustees of the Singapore Institute of Technology and the Ministry of Home Affairs Uniformed Services Invest Plan.

A Colombo Plan Scholar, Dr Chia holds a Bachelor of Economics (Hons) from The University of Adelaide and a PhD in Economics from the Australian National University. He is also a graduate of the Advanced Management Programme of Harvard Business School.

He was awarded the Public Service Medal in 2017.

Mrs Woon was appointed to the Board on 1 September 2021 and was last re-elected as a Director on 21 April 2022. She is the Chairman of the Remuneration and Human Capital Committee, and a member of the Audit Committee and Board Risk Management Committee.

A career banker with more than 40 years of investment banking experience, she held various senior management positions at international financial institutions overseeing corporate finance matters ranging from equity fund raising and debt offerings to public company takeovers. She was the Vice Chairman, Asia Pacific Global Wealth Management of UBS AG from 2016 to 2020 where she was responsible for some of UBS’ largest clients. She also led the UBS’ Women Initiative in Asia Pacific. Prior to joining UBS, she was the Vice Chairman of Citibank ASEAN Corporate and Investment Banking encompassing corporate banking and investment banking for Southeast Asia and a board member of Citibank Singapore Limited, the retail and consumer arm of Citibank NA in Singapore.

Currently, she is a director of National University Health System and a member of the Securities Industry Council, Investment Board of GIC and the Listing Advisory Committee of the Singapore Exchange and a council member of the Singapore Red Cross. She was formerly a director of Singapore Press Holdings.

Mrs Woon graduated with Bachelor of Law (Hons) from the National University of Singapore.

She was conferred the IBF Distinguished Fellow Award by the Institute of Banking and Finance in 2016.

Mr Dinh was appointed to the Board on 1 December 2021 and was last re-elected as a Director on 21 April 2022. He is the Founder, Group Chairman and Chief Executive Officer of DatViet VAC Group Holdings Corporation (DatVietVac), a marketing communications, media and entertainment group in Vietnam. Mr Dinh has more than 25 years of experience in creating and managing businesses and was instrumental in growing DatVietVac into the largest media, entertainment and technology ecosystem group in Vietnam.

Mr Dinh is the founding patron of Nam Phuong Foundation, a charitable organisation dedicated to improving the lives of rural communities through micro infrastructure projects, which help to connect communities and improve access of these communities to schools, hospitals and businesses.

Currently, Mr Dinh also serves as Chairman of the Board of Eastspring Investments Vietnam Navigator Fund, Co-Regional Vice President of Southeast Asia cum Vietnam Country Chairman of the Chief Executive Organization and a member of the Board of Trustees of the Asia Business Council.

Mr Dinh holds a Bachelor of Architecture from Ho Chi Minh City University.

In 2018, he was conferred the Eminent Leaders in Asia award at the Asia Corporate Excellence & Sustainability Awards for his outstanding leadership and corporate social responsibility.

Ms Teo was appointed to the Board on 1 January 2022 and was last re-elected as a Director on 21 April 2022. She is a member of the Executive Committee.

Ms Teo is a seasoned business leader and has more than 30 years of experience with Accenture where she held several leadership roles across practices in Asia Pacific including Sustainability Services, Analytics and Customer Relationship Management. She was the Chairman of Accenture Singapore from 2020 until her retirement in 2021. Prior to that she was the Chief Executive for Accenture Southeast Asia and Country Managing Director for Accenture Singapore. She was also a member of Accenture’s Global Leadership Council.

She is the Deputy Chairman and Chief Executive Officer of SPH Media Holdings. She is also the Chief Executive Officer and director of SPH Media, and a director of SPH Media Trust. She also serves on the Boards of the Singapore Accountancy Commission, Workforce Singapore and the Institute for HR Professionals. She is a member of the Future Economy Council, where she co-chairs the Modern Services Sub-committee and chairs the Polytechnic & ITE External Review Panel for the Ministry of Education.

Ms Teo graduated with a Bachelor of Business Administration from the National University of Singapore.

Audit Committee

  • Alvin Yeo Khirn Hai (Chairman)
  • Steven Phan Swee Kim
  • Dr Chia Tai Tee
  • Tracey Woon Kim Hong

Board Risk Management Committee

  • Dr Chia Tai Tee (Chairman)
  • Wong Kan Seng
  • Wee Ee Cheong
  • Alvin Yeo Khirn Hai
  • Wee Ee Lim
  • Tracey Woon Kim Hong

Executive Committee

  • Wong Kan Seng (Chairman)
  • Wee Ee Cheong
  • Michael Lien Jown Leam
  • Steven Phan Swee Kim
  • Teo Lay Lim

Nominating Committee

  • Steven Phan Swee Kim (Chairman)
  • Wong Kan Seng
  • Wee Ee Cheong
  • Michael Lien Jown Leam
  • Alvin Yeo Khirn Hai

Remuneration and Human Capital Committee

  • Tracey Woon Kim Hong (Chairman)
  • Wong Kan Seng
  • Wee Ee Lim
  • Steven Phan Swee Kim

Secretaries

  • Joyce Sia Ming Kuang
  • Theresa Sim Kwee Soik

 

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Boardroom Corporate & Advisory Services Pte Ltd
1 Harbourfront Avenue
Keppel Bay Tower #14-07
Singapore 098632

Tel: +65 6536 5355
Fax: +65 6536 1360

 

 

Auditors

 

Internal Auditor
Vincent Cheong Kok Hong
Head, Group Audit
United Overseas Bank Limited
One Raffles Place
Tower 1 #15-02
Singapore 048616

External Auditor
Ernst & Young LLP
One Raffles Quay
North Tower Level 18
Singapore 048583
Partner-in-charge: Wilson Woo

 

 

Registered Office

 

80 Raffles Place
UOB Plaza
Singapore 048624
Co. Reg. No. 193500026Z

Tel: (65) 6222 2121 (calling from overseas)
1800 222 2121 (within Singapore)

Fax: +65 6534 2334
SWIFT: UOVBSGSG
Website: www.UOBgroup.com