United Overseas Bank (UOB) has made two new appointments to its management team.
On March 26, the bank announced the appointment of Kelvin Ng, who will be its new head of group global markets from April 1. Ng replaces outgoing head, Leslie Foo, who will be retiring.
Ng has over two decades of market experience and joined UOB in June 2019 as its group head of trading.
The bank has also appointed Adaline Zheng as its new CEO of UOB Hong Kong. Zheng will oversee the bank’s businesses and operations in the city as she defines its strategic directions, drives growth and development, as well as maintains strong relationships with stakeholders such as customers and regulators.
Zheng, who comes with over two decades of experience in the banking sector, will succeed Christine Ip, who has been CEO of UOB Hong Kong since 2012. Zheng will report to Ip, who remains as UOB’s CEO of Greater China. Ip is also double hatting as UOB’s head of group strategic communications and brand in Singapore.
“Growing our own timber and supporting our people to realise their potential is a key focus for the bank. Kelvin and Adaline have extensive banking experiences and deep knowledge of their respective businesses, and are well placed to contribute to the bank’s business growth in their new capacities. I also thank Leslie for his leadership and wish him all the best in his retirement,” says Wee Ee Cheong, CEO and deputy chairman of UOB.
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Shares in UOB closed 53 cents higher or 1.85% up at $29.25 on March 26.
