OCBC appoints Tan Teck Long as new CEO, succeeding Helen Wong

Investor - People | Jul 11, 2025 | Oversea-Chinese Banking Corp L

OCBC appoints Tan Teck Long as new CEO, succeeding Helen Wong

OCBC has announced the appointment of Mr. Tan Teck Long as its new Group Chief Executive Officer, effective January 1, 2026, succeeding Ms. Helen Wong, who will retire at the end of 2025. Mr. Tan currently serves as the Head of Global Wholesale Banking and will assume the role of Deputy CEO with immediate effect to facilitate a seamless transition. Ms. Wong will remain involved with OCBC post-retirement as the Chairman of OCBC China and Director of OCBC Hong Kong. Mr. Tan has been instrumental in the growth of OCBC's Global Wholesale Banking, achieving significant revenue and profit increases under his leadership. His strategic initiatives in technology, data analytics, and sustainability have been pivotal. Ms. Wong's tenure as Group CEO saw record profits and strategic expansions, including the acquisition of Indonesia's Bank Commonwealth and an increased stake in Great Eastern Holdings. Her leadership has been marked by a disciplined execution of the corporate strategy and the introduction of OCBC's largest capital return plan. The leadership transition underscores OCBC's strong succession planning and continuity in its strategic vision.

Sectors

  • Banking
  • Financial Services

Geography

  • Singapore – OCBC is based in Singapore and the leadership transition involves entities within Singapore.
  • China – OCBC's operations in China are highlighted through Mr. Tan's and Ms. Wong's positions with OCBC China and related companies.
  • Hong Kong – Ms. Wong cites spending more time in Hong Kong, where her family resides, and she remains a director at OCBC Hong Kong.

Industry

  • Banking – The article discusses leadership transitions and strategic developments within Oversea-Chinese Banking Corporation (OCBC), a major player in the banking industry.
  • Financial Services – OCBC's activities span across banking, wealth management, insurance, and asset management, which classify it within the broader financial services industry.

Financials

  • S$2.5 billion – The value of OCBC's largest capital return plan in its history, as announced by Helen Wong in February 2025.
  • CAGR 20% in total income – The compound annual growth rate of total income achieved by OCBC's Global Wholesale Banking under Tan Teck Long's leadership.
  • 25% in net profit – The compound annual growth rate in net profit achieved by OCBC's Global Wholesale Banking during Tan Teck Long's leadership.

Participants

NameRoleTypeDescription
Oversea-Chinese Banking Corporation (OCBC)CompanyBankA leading Asian financial services group, headquartered in Singapore, involved in banking, wealth management, and insurance.
Tan Teck LongIncoming CEOPersonCurrently Head of Global Wholesale Banking at OCBC, Tan will become the Group Chief Executive Officer on January 1, 2026.
Helen WongOutgoing CEOPersonThe current Group CEO of OCBC who will retire at the end of 2025; she will continue to serve as Chairman of OCBC China and Director of OCBC Hong Kong.
Andrew LeeOCBC Board ChairmanPersonChairman of OCBC Group's Board of Directors, who commented on the leadership transition.