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MOVES-Singapore bank OCBC appoints Heng to lead new group strategy division

Reuters SG
·1-min read

SINGAPORE, Feb 27 (Reuters) - Singapore's Oversea-Chinese Banking Corp (OCBC) said Tuesday it has appointed Elaine Heng to lead a new division called group strategy, innovation and sustainability.

Heng, who is currently CEO of Retail Business and the Deputy Group CEO at Singapore's FairPrice Group, will head the new division that will be set up on April 22, OCBC, Singapore's second-largest bank said in a statement.

Heng spent close to 20 years in banking, 15 of which were at Standard Chartered Bank before joining FairPrice, according to OCBC. Heng joined FairPrice in 2016, according to her LinkedIn.

The appointment and formation of the new unit follow OCBC's recent appointments in its leadership team including in China and its strategic acquisitions in Southeast Asia including in Indonesia.

(Reporting by Yantoultra Ngui, Editing by Louise Heavens)