OCBC Bank said in the statement that a former policeman, Mr. Hong will be part of OCBC family as Managing Director. He will join OCBC from May 1, 2018. Since March 15, 2018, Mr. Hong has served as deputy managing director of OCBC Securities.
In 2010, he joined OCBC Bank as a postgraduate management associate. Afterward, he became a relationship manager at the bank’s wholesale corporate marketing division where he handled a portfolio of large corporates while focusing on the aviation industry.
Chief operating officer at OCBC bank and director of OCBC Securities, Ching Wei Hong said that Mr. Hong is assuming control over the reins at the financier’s arm at an energizing time for OCBC’s riches administration business.
Ching Wei Hong said, “Our wealth management income, which includes stockbroking income, increased a robust 43 percent to hit a new high of S$3.25 billion last year. This growth momentum is expected to continue,”
Further, he added, “For many investors, equities will remain an important asset class within their portfolios. Our customers are increasingly looking at growing their equity investments both in our home market of Singapore and in overseas stock markets such as Hong Kong and the US.”