UOB Malaysia confirmed that it will be appointing Ng Wei Wei as their very first female Chief Executive Officer, effective from May 1, 2022 and onwards.
Ng Wei Wei will reportedly be succeeding Wong Kim Choong, who will leave the role after leading the banking institution for the past 10 years.
Wong will reportedly be taking on a role as Senior Adviser and will be responsible for overseeing the integration of the banking institution’s and Citi’s retail banking unit, until his retirement.
Ng is an experienced banking professional with extensive industry experience and in-depth knowledge of the financial services sector.
During the early stages of her career, from around 2000 to 2006, she was working in corporate banking at UOB Malaysia.
After several key leadership roles at international financial institutions in Malaysia and Hong Kong, she came back to UOB Malaysia back in 2019 as MD and Country Head of Wholesale Banking, prior to taking on the position of Deputy CEO last year.
She has served a key role in further expanding UOB Malaysia’s wholesale banking unit, and furthering the institution’s priorities such as its Environment, Social and Governance (ESG), as well as innovation objectives, along with supporting its clients with expanding regionally by leveraging the banking institution’s connectivity, expertise and capabilities.
Wee Ee Cheong, Deputy Chair and CEO, UOB Group, stated:
“I would like to thank Kim Choong for his years of strong leadership and to congratulate Wei Wei on her appointment as CEO of UOB Malaysia. Wei Wei’s appointment reflects our firm belief in the importance and benefits of diversity as we anticipate customer needs in an increasingly complex, changing and volatile environment. I am confident that under Wei Wei’s leadership, UOB Malaysia will continue to scale greater heights as we support our customers to seize opportunities locally and across the region.”
As covered recently, UOB (SGX: U11) and digital securities exchange ADDX have concluded the digitization and digital custody of the inaugural sustainability-linked bond recently introduced by Sembcorp Industries.
This initiative comes amid “a rise in the use of digital securities to enhance the efficiency of bonds and other fixed income instruments.”