KUALA LUMPUR (July 2): UOB Malaysia has promoted its head of wholesale banking Ng Wei Wei to deputy chief executive officer (CEO) effective July 1.

In a statement, the bank said Ng will retain her current role as head of wholesale banking, where she oversees the bank’s foreign direct investment advisory, Islamic banking and Labuan offshore businesses.

Meanwhile, her new responsibilities will also include overseeing the retail banking (comprising personal financial services and business banking), channels and digitalisation, and the risk management divisions.

According to the statement, she will work alongside respective function leads to help achieve the bank’s objectives and goals and to support the growth of the bank's franchises across Asia. 

“Wei Wei’s promotion to deputy CEO and her wider responsibilities will see her playing a stronger role in achieving our strategic priorities which include capitalising on regional growth drivers and harnessing technology to drive innovation and performance. Her appointment to this senior management role in UOB Malaysia not only reinforces the bank’s leadership bench strength but also reflects our commitment to building a strong and diverse leadership team and to shaping a workforce that recognises gender equality,” said UOB Malaysia CEO Wong Kim Choong.

“Wei Wei is a home-grown talent, having honed her banking skills at UOB Malaysia in the earlier part of her career. Since returning to UOB, she has been instrumental in driving our wholesale banking business, most recently in steering the support for our customers to overcome the financial challenges caused by the pandemic. 

"With her broadened mandate as deputy CEO, I am confident her expertise and experience will contribute more widely to UOB Malaysia as we continue to build our capability and capacity in forging a sustainable future for our customers and stakeholders,” he added.