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 20 April 2018. 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 Ascendas-Singbridge Pte Ltd, Singapore Sichuan Investment Holdings, Singbridge Holdings and Singbridge International Singapore.

Mr Wong is the Chairman of CLA Real Estate Holdings, a company that focuses on urbanization projects spanning townships, mixed-use developments and business parks. He is also a director of Bo’ao Forum for Asia and 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 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 board 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 council member of The Association of Banks in Singapore and The Institute of Banking & Finance. He is also a member of the Board of Governors of the Singapore-China Foundation, Indonesia-Singapore Business Council and Honorary Council Member of the Singapore Chinese Chamber of Commerce & Industry. He was previously Deputy Chairman of the Housing & Development Board and a director of the Port of Singapore Authority, UOL Group and Pan Pacific Hotels Group.

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 Koh was appointed to the Board on 1 September 2012 and was last re-elected as Director on 26 April 2019.  He is the chairman of the Remuneration and Human Capital Committee and a member of the Audit Committee and Nominating Committee.

In an illustrious career spanning 35 years in the Singapore Civil Service, Mr Koh held various appointments including Permanent Secretary in the Ministries of National Development, Community Development and Education. He retired as the Comptroller of Income Tax in 2005, where he was both Commissioner of Inland Revenue and Commissioner of Charities. He was previously the Chairman of Housing & Development Board and CapitaMall Trust Management and also served on the boards of Singapore Airlines, CapitaLand, Pan Pacific Hotels Group and UOL Group.

Currently, he serves on the boards of CapitaLand Hope Foundation and Thye Hua Kwan Moral Charities and is the Deputy Chairman of the Pioneer Generation Package Appeals Committee. Mr Koh is also a member of the Ministry of Home Affairs Independent Review Committee.

A graduate of Oxford University with a Bachelor of Arts (Hons) and Master of Arts in Philosophy, Political Science and Economics, Mr Koh also holds a Master in Public Administration from Harvard University, USA.

He was awarded the Public Administration Medal (Gold) in 1983 and the Meritorious Service Medal in 2002.

Mr Ong was appointed to the Board on 2 January 2013 and last re-elected as Director on 26 April 2019. He is the chairman of the Audit Committee and a member of the Board Risk Management Committee and Executive Committee.

A chartered accountant, Mr Ong retired as Executive Chairman of Ernst & Young Singapore after 33 years with the firm. He was also a member of their Area Executive leadership that steered the integration of Ernst & Young in Asia Pacific in 2006 and a pioneer of their Transaction Advisory Services in Singapore which involved overseeing the provision of corporate finance, valuations, investigations, financial due diligence, corporate restructuring and other financial advisory services.

Currently, he serves as the Chairman of the Tax Academy of Singapore and is a director of Singapore Power, CLA Real Estate Holdings and Singapore Mediation Centre.  He was also previously the Chairman of United Overseas Bank (Malaysia).

A known supporter of the arts, he has served as Chairman of the Singapore Tyler Print Institute and National Heritage Board.

Mr Ong holds a Bachelor of Accounting (Hons) from the University of Kent at Canterbury and is a member of the Institute of Chartered Accountants in England and Wales and the Institute of Singapore Chartered Accountants.

He was awarded the Public Service Star in 2017 for his contribution to the arts in Singapore.

Mrs Lim was appointed to the Board on 1 July 2014 and last re-elected as Director on 20 April 2018. She is the chairman of the Nominating Committee and a member of the Executive Committee and Remuneration and Human Capital Committee.

Currently an executive director of Tembusu Partners, Mrs Lim also sits on the boards of Jardine Cycle & Carriage, Ramky Enviro Engineers and Summit Power International. She is the Chairman of Asia Pacific Exchange and a senior adviser to Kohlberg, Kravis & Roberts.

Mrs Lim enjoyed a varied career in financial services prior to her service in Parliament between 1996 and 2011. Her last appointment while in public service were Minister in the Prime Minister’s Office, and concurrently as Second Minister for Finance and Transport. At the Finance Ministry, Mrs Lim spearheaded the reform of the accountancy sector, reviewed the Government’s investment in business and helped implement financing options for small and medium enterprises. She rejoined the financial sector after leaving Parliament and was previously a director of Stamford Land and a member of the Asia Advisory Board of Westpac Institutional Bank. .

She holds a Master of Arts (Hons) in Mathematics/Engineering from the University of Cambridge and a Master of Business Administration in Finance from Anderson School of Management, University of California at Los Angeles.

Mr Hungate was appointed to the Board on 27 July 2017 and was last re-elected as Director on 5 June 2020. He is a member of the Remuneration and Human Capital Committee.

With more than 25 years of global leadership experience in financial services, marketing, customer service and strategic planning and development, he is currently the President and Chief Executive Officer of SATS, a position he has held since 2014. Prior to that, he was the Chief Executive Officer of HSBC Singapore and has also held various senior management positions at Reuters.

He serves as a member of various business and community bodies, where he shares his knowledge to develop trade and strengthen communities. He is a Board Member of the Singapore Economic Development Board, a member of the Advisory Board of the National Youth Achievement Award Council and Future Economy Council.

Mr Hungate holds a Master of Arts in Engineering, Economics and Management from Oxford University and graduated as a Baker Scholar from the Master of Business Administration (MBA) program at Harvard.

Mr Lien was appointed to the Board on 27 July 2017 and was last re-elected as Director on 5 June 2020.  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. Mr Lien is also a member of the National University of Singapore’s Board of Trustees and its Investment Committee. He previously served on the board of Temasek Holdings and was 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 20 April 2018. He is the chairman of the Board Risk Management Committee and a member of the Audit 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 an independent director of Keppel Corporation and is also a member of the Monetary Authority of Singapore advisory panel to advise the Minister on appeals under various financial services legislations, the Court of Singapore International Arbitration Centre and a fellow of the Singapore Institute of Directors. He has also served on various public committees which undertook comprehensive reviews of the legal services sector.

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 26 April 2019. He is a member of the Board Risk Management Committee.

He is the President and 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. He is the Deputy Chairman of UOL Group, and a director of United Industrial Corporation and Wee Foundation. He previously served as a director of Singapore Land and Hua Han Health Industry Holdings.

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 a member of 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 and 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 IPO listings on various exchanges.

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

Mr Phan graduated from the University of Aston, United Kingdom, with a Bachelor of Science in Managerial and Administrative Studies and is a fellow member of the Institute of Singapore Chartered Accountants.

Audit Committee

  • Ong Yew Huat (Chairman)
  • James Koh Cher Siang
  • Alvin Yeo Khirn Hai

Board Risk Management Committee

  • Alvin Yeo Khirn Hai (Chairman)
  • Wong Kan Seng
  • Wee Ee Cheong
  • Ong Yew Huat
  • Wee Ee Lim

Executive Committee

  • Wong Kan Seng (Chairman)
  • Wee Ee Cheong
  • Lim Hwee Hua
  • Ong Yew Huat
  • Michael Lien Jown Leam

Nominating Committee

  • Lim Hwee Hua (Chairman)
  • Wong Kan Seng
  • Wee Ee Cheong
  • James Koh Cher Siang
  • Michael Lien Jown Leam

Remuneration and Human Capital Committee

  • James Koh Cher Siang (Chairman)
  • Wong Kan Seng
  • Lim Hwee Hua
  • Alexander Charles Hungate
  • Steven Phan Swee Kim

Secretaries

  • Joyce Sia Ming Kuang
  • Theresa Sim Kwee Soik

 

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Boardroom Corporate & Advisory Services Pte Ltd
50 Raffles Place
Singapore Land Tower #32-01
Singapore 048623

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

 

 

Auditors

 

Internal Auditor
Daniel Ng Ming Thiam
Head, Group Audit
United Overseas Bank Limited
396 Alexandra Road
#03-09
Singapore 119954

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

 

 

Registered Office

 

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

Tel: +65 1800 6222 2121
Fax: +65 6534 2334
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Website: www.UOBgroup.com