Samuel Tsien's career at the bank coincided with it acquiring a number of wealth management businesses in Asia.
The Business Times (of Singapore) reported on the move, and this news service has asked OCBC to confirm details.
Tsien was appointed to OCBC’s board in February 2014 and made CEO in April 2012, originally joining in July 2007. Before his tenure at OCBC, he was president and CEO of China Construction Bank (Asia) when China Construction Bank acquired Bank of America (Asia).
His career at OCBC coincided with the bank’s acquisition of the private banking business of ING - renamed as Bank of Singapore - and the acquisition of the wealth and investment management business of Barclays in Singapore and Hong Kong (2016). A year after that, OCBC bought the retail and wealth business in Singapore and Hong Kong of National Australia Bank.
In January this year, OCBC announced that Helen Wong, former CEO of HSBC in Greater China, would be taking over as the new group CEO from 15 April. She will be the first woman to head a Singapore bank.