OCBC CEO Helen Wong speaks during briefing

OCBC CEO Helen Wong speaks during briefing

OCBC Bank has announced that Helen Wong, the current group chief executive, will retire at the end of this year, citing family reasons. She will be succeeded by Mr. Tan Teck Long, who will assume the role on January 1, 2026. Wong, 64, will remain the chairwoman of OCBC China and a director of OCBC Hong Kong post-retirement [1].

Tan Teck Long, who has been head of global wholesale banking since March 2022, will also take on the additional role of deputy CEO with immediate effect to ensure a smooth transition over the next six months. Before joining OCBC, Tan, a banking veteran of more than 30 years, served as the group chief risk officer at DBS Bank [1].

Under Tan's leadership, the global wholesale banking division achieved a compound annual growth rate of about 20% in total income and 25% in net profit. He also built the technology, media, and telecommunications industry specialist teams in China and Singapore, more than doubling revenue in three years. Additionally, Tan set out the bank’s net-zero carbon emission targets for the financed portfolio for six priority industry sectors [1].

Helen Wong, who joined the bank in 2020 as deputy president and head of global wholesale banking, before becoming group CEO in April 2021, has achieved record profits for three consecutive years. She expressed her satisfaction with the bank's transformation and her confidence in Tan's leadership to steer OCBC into the future [1].

In a recent earnings report, OCBC lowered its net interest income expectation for 2025 due to evolving trade and monetary policies, and persistent geopolitical tensions. The bank expects its 2025 net interest income to be lower by a mid-single-digit percentage and projected its net interest margin to be in the range of 1.90% to 1.95% [2].

The stock price of OCBC, listed on the Singapore stock exchange, has been relatively stable, with the current price at 16.87 SGD as of July 2, 2025 [3]. The bank's market capitalization stands at 75.85 billion SGD, with a dividend yield of 5.99% [3].

References:

[1] https://www.straitstimes.com/business/companies-markets/ocbc-ceo-helen-wong-to-retire-on-dec-31-tan-teck-long-named-successor
[2] https://www.marketscreener.com/news/singapore-s-ocbc-sees-lower-2025-net-interest-income-q2-profit-matches-forecasts-ce7c5fd2d88cf024
[3] https://www.investing.com/equities/oversea-chinese-banking-corp