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Tuesday, April 22, 2014

OCBC Bank Malaysia CEO Resigns

Hello Peeps,

OCBC Bank (M) Bhd announced today that its chief executive officer (CEO) Jeffrey Chew will be leaving the bank in July this year.

In the interim, he will continue in his current role until June this year.

The bank also added that it will announce the appointment of new CEO soon.
So I guess all of us have to stay tuned!

In case you are wondering, OCBC is an acronym for Oversea-Chinese Banking Corporation Ltd, which is headquartered in Singapore, but has a presence in Malaysia, Indonesia and Greater China.

In Indonesia, the bank is known as Bank OCBC NISP, and in Malaysia, the bank offers Islamic banking products to its wholly-owned subsidiary, OCBC Al-Amin Bank Bhd.

OCBC Bank also has an insurance arm, going with the brand "Great Eastern".

In 2011 and 2012, Bloomberg Markets ranked OCBC as the world's strongest bank.

OCBC Bank is now the second largest financial services grroup in Southeast Asia by assets.

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