Singapore, 1 August 2014 – OCBC Bank today announced the appointment of Mr Na Wu Beng as Chief Executive Officer (CEO) of Wing Hang Bank with effect from 18 August 2014. With Mr Na’s appointment, Dr Patrick Fung, Wing Hang Bank’s current Chairman and Chief Executive, will relinquish his role as its Chief Executive but will remain as Wing Hang Bank’s Non-Executive Chairman with effect from 18 August 2014.

Mr Na, aged 58, was for 10 years the Deputy President Director of Bank OCBC NISP, OCBC Bank’s banking subsidiary in Indonesia. There, he was instrumental in driving the corporate banking business, successfully transferring customer and product solutions from Singapore and Malaysia to Indonesia. Mr Na was also responsible for spearheading the collaborative efforts between OCBC Bank and OCBC NISP across the different business functions including corporate banking, consumer banking, treasury, risk management as well as operations and technology.

Mr Na joined OCBC Bank in 1990 as the General Manager of OCBC Bank’s Hong Kong branches. He returned to Singapore in 1999 to take on the role of Head of North Asia, and was responsible for the bank’s operations in Hong Kong, China, Taiwan, Korea and Japan. From 2000 to 2004, before his posting to Bank OCBC NISP, he headed OCBC Bank’s international banking division – overseeing branches across eight countries. Mr Na was appointed Executive Vice President in 2001.

Commenting on Mr Na’s appointment, Mr Samuel Tsien, Group CEO of OCBC Bank, said: "With his comprehensive international experience and knowledge, Wu Beng is the most appropriate candidate for the role of Wing Hang Bank’s CEO. Having spent more than 24 years with the OCBC Group, he fully understands OCBC’s operations, businesses and people. More importantly, Wu Beng embodies the OCBC culture and corporate values. I am therefore confident that Wu Beng will be able to quickly bring Wing Hang into the OCBC family, working with the teams in both organisations to create and realise synergistic value.

Expressing appreciation to Dr Fung, Mr Tsien added: "We would like to thank Patrick for his stewardship over the last 38 years during which we saw Wing Hang become one of Hong Kong’s largest family-owned lenders with a strong foundation and solid customer franchise. We are heartened that he has agreed to continue as the Bank’s Chairman. His advice and leadership will be invaluable to Wu Beng and his management team as they continue to grow the Wing Hang franchise in Hong Kong, China and Macau."