Annual Report 2017
Board of Directors
As at 14 February 2018
Wee Cho Yaw, 89
Chairman Emeritus and Adviser
Non-Executive and Non-Independent
Non-Executive and Non-Independent
Wee Cho Yaw, 89
Chairman Emeritus and Adviser
Non-Executive and Non-Independent
Non-Executive and Non-Independent
First appointed as a director: 14 May 1958
Last re-appointed as a director: 21 April 2016
Conferred the title of Chairman Emeritus: 25 April 2013
Last re-appointed as a director: 21 April 2016
Conferred the title of Chairman Emeritus: 25 April 2013
A banker with more than 60 years’ experience, Dr Wee is a veteran in the banking, insurance, real estate and hospitality industries. He has received many accolades for his business achievements and support of education, community welfare and the business community. Among the awards conferred on him were the Distinguished Service Order, Singapore’s highest National Day Award, ASEAN Business Advisory Council Legacy Award for Singapore and Honorary Degrees of Doctor of Letters from the National University of Singapore and Nanyang Technological University.
Board Committee Positions
-
Board Credit Committee (Member)
-
Board Risk Management Committee (Chairman)
-
Nominating Committee (Member)
-
Strategy Committee (Member)
Current Directorships in Other Listed Companies
-
United Overseas Insurance (Chairman)
-
UOL Group (Chairman)
-
Haw Par Corporation (Chairman)
-
United Industrial Corporation (Chairman)
Other Principal Commitments
-
United Overseas Bank (Malaysia) (Chairman Emeritus and Adviser)
-
PT Bank UOB Indonesia (President Commissioner)
-
United Overseas Bank (China) (Supervisor)
-
United Overseas Bank (Thai) Public Company (Chairman)
-
Pan Pacific Hotels Group (Chairman)
-
Marina Centre Holdings (Chairman)
-
Nanyang Technological University (Pro-Chancellor)
-
Singapore Chinese Chamber of Commerce & Industry (Honorary President)
-
Singapore Federation of Chinese Clan Associations (Honorary President)
-
Singapore Hokkien Huay Kuan (Honorary President)
-
Wee Foundation (Chairman)
-
Chung Cheng High School (Chairman)
Past Directorships in Listed Companies held over the Preceding Three Years
-
Nil
Education and Achievements
-
Chinese high school education
-
Businessman of the Year, Singapore Business Awards (2001 and 1990)
-
Credit Suisse-Ernst & Young Lifetime Achievement Award (2006)
-
Honorary Doctor of Letters, National University of Singapore (2008)
-
The Asian Banker Lifetime Achievement Award (2009)
-
The Distinguished Service Order, Singapore (2011)
-
Honorary Doctor of Letters, Nanyang Technological University (2014)
-
ASEAN Business Advisory Council Legacy Award for Singapore (2017)
Hsieh Fu Hua, 67
Non-Executive and Independent
Hsieh Fu Hua, 67
Non-Executive and Independent
First appointed as a director: 16 January 2012
Last re-elected as a director: 24 April 2015
Appointed as Chairman: 25 April 2013
Last re-elected as a director: 24 April 2015
Appointed as Chairman: 25 April 2013
Mr Hsieh has more than 40 years of experience in banking and capital markets in Asia. Previously, he served as the Chief Executive Officer and director of Singapore Exchange and a director of the Temasek Holdings board. His community service includes directorships on the boards of several non-profit organisations involved in the arts, health and social services, and corporate governance.
Board Committee Positions
-
Board Credit Committee (Member)
-
Board Risk Management Committee (Member)
-
Nominating Committee (Member)
-
Remuneration Committee (Member)
-
Strategy Committee (Chairman)
Current Directorships in Other Listed Companies
-
Nil
Other Principal Commitments
-
GIC (Director)
-
ACR Capital Holdings (Chairman)
-
National University Health System (Director and Chairman Designate)
-
National University of Singapore Board of Trustees (Chairman)
-
National Council of Social Service (President)
-
National Gallery Singapore (Chairman)
-
Stewardship Asia Centre CLG (Chairman)
-
PrimePartners Group (Adviser)
Past Directorships in Listed Companies held over the Preceding Three Years
-
Tiger Airways Holdings (till May 2016)
Education and Achievements
-
Business Administration (Hons), University of Singapore
Wong Kan Seng, 71
Non-Executive and Independent
Wong Kan Seng, 71
Non-Executive and Independent
Appointed as a director: 27 July 2017¹
Mr Wong served 26 years in the Singapore Government where he held ministerial appointments in the Communications and Information, Community Development, Foreign Affairs and Home Affairs Ministries, and at the National Population and Talent Division (Prime Minister’s Office). He retired as Deputy Prime Minister and Coordinating Minister for National Security in 2011 but remained as a Member of Parliament till 2015. After stepping down from the Cabinet in 2011, Mr Wong joined the private sector, serving as chairman and director of companies in the real estate, township development/urbanisation, fund management and REIT/trust sectors.
Board Committee Positions
-
Board Credit Committee (Member)
-
Board Risk Management Committee (Member)
-
Nominating Committee (Member)
-
Remuneration Committee (Member)
-
Strategy Committee (Member)
Current Directorships in Other Listed Companies
-
Nil
Other Principal Commitments
-
Ascendas-Singbridge (Chairman)
-
Singapore-Sichuan Investment Holdings (Chairman)
-
Temasek Foundation-Connects Advisory Council (Chairman)
-
Kwong Wai Shiu Hospital (Patron)
Past Directorships in Listed Companies held over the Preceding Three Years
-
Nil
Education and Achievements
-
Masters of Science (Business Studies), London Business School, University of London
-
Bachelor of Arts (Hons), University of Singapore
-
London Business School Alumni Achievement Award (2004)
-
Medal of Honour (1998)
-
Public Administration Medal (Silver) (1976)
1
To be appointed as Chairman on 15 February 2018
Wee Ee Cheong, 65
Deputy Chairman and Chief Executive Officer Executive and Non-Independent
Wee Ee Cheong, 65
Deputy Chairman and Chief Executive Officer
Executive and Non-Independent
Executive and Non-Independent
First appointed as a director: 3 January 1990
Last re-elected as a director: 20 April 2017
Appointed as Chief Executive Officer: 27 April 2007
Last re-elected as a director: 20 April 2017
Appointed as Chief Executive Officer: 27 April 2007
A career banker with more than 35 years’ experience, Mr Wee is also active in the banking and financial services industry and the community through his involvement in various industry-based organisations. He was previously Deputy Chairman of the Housing & Development Board and a director of the Port of Singapore Authority, UOL Group and Pan Pacific Hotels Group.
Board Committee Positions
-
Board Credit Committee (Member)
-
Board Risk Management Committee (Member)
-
Strategy Committee (Member)
-
Nominating Committee (alternate member to Wee Cho Yaw)
Current Directorships in Other Listed Companies
-
United Overseas Insurance (Director)
Other Principal Commitments
-
United Overseas Bank (Singapore) (Deputy Chairman and Chief Executive Officer)
-
United Overseas Bank (China) (Chairman)
-
PT Bank UOB Indonesia (Deputy President Commissioner)
-
United Overseas Bank (Malaysia) (Director)
-
United Overseas Bank (Thai) Public Company (Director)
-
The Association of Banks in Singapore (Council Member)
-
The Institute of Banking & Finance (Council Member)
-
Board of Governors of the Singapore-China Foundation (Member)
-
Indonesia-Singapore Business Council (Member)
-
Singapore Chinese Chamber of Commerce & Industry (Honorary Council Member)
-
Visa APCEMEA Senior Client Council (Member)
-
Nanyang Academy of Fine Arts (Patron)
-
Wee Foundation (Director)
Past Directorships in Listed Companies held over the Preceding Three Years
-
Nil
Education and Achievements
-
Master of Arts (Applied Economics), American University, Washington, DC
-
Bachelor of Science (Business Administration), American University, Washington, DC
-
Public Service Star (2013)
Franklin Leo Lavin, 60
Non-Executive and Independent
Franklin Leo Lavin, 60
Non-Executive and Independent
First appointed as a director: 15 July 2010
Last re-elected as a director: 21 April 2016
Last re-elected as a director: 21 April 2016
Mr Lavin held senior finance and management positions at Citibank and Bank of America in his early career. A former diplomat with extensive experience in public administration, Mr Lavin was a US Ambassador to Singapore where he helped to negotiate the landmark US-Singapore Free Trade Agreement.
Board Committee Positions
-
Board Credit Committee (Member)
-
Nominating Committee (Member)
-
Strategy Committee (Member)
Current Directorships in Other Listed Companies
-
Nil
Other Principal Commitments
-
Export Now (Founder, Chairman and Chief Executive Officer)
Past Directorships in Listed Companies held over the Preceding Three Years
-
Globe Specialty Metals (till December 2015)
Education and Achievements
-
Master of Business Administration in Finance, Wharton School, University of Pennsylvania
-
Master of Arts in International Relations and International Economics, School of Advanced International Studies at Johns Hopkins University
-
Master of Science in Chinese Language and History, Georgetown University
-
Bachelor of Science, School of Foreign Service, Georgetown University
-
Under-Secretary for International Trade at the Department of Commerce, USA (November 2005 to July 2007)
-
US Ambassador to Singapore (August 2001 to October 2005)
-
Chairman of the Steering Committee of the Shanghai 2010 World Expo USA Pavilion
Willie Cheng Jue Hiang, 64
Non-Executive and Independent
Willie Cheng Jue Hiang, 64
Non-Executive and Independent
First appointed as a director: 15 July 2010
Last re-elected as a director: 20 April 2017
Last re-elected as a director: 20 April 2017
An accountant by training, Mr Cheng is a well-respected figure in the business community and non-profit sector. Retired after 26 years’ service in management consulting with Accenture, he contributes actively to the furtherance of board development and corporate governance in Singapore, serving as Chairman of Singapore Institute of Directors and a member of the Singapore Exchange’s Diversity Action Committee. He is a fellow of the Institute of Singapore Chartered Accountants and an honorary fellow of the Singapore Computer Society.
Board Committee Positions
-
Audit Committee (Chairman)
-
Nominating Committee (Member)
Current Directorships in Other Listed Companies
-
Nil
Other Principal Commitments
-
Singapore Institute of Directors (Chairman)
-
FEO Hospitality Asset Management (Director)
-
FEO Hospitality Trust Management (Director)
-
Integrated Health Information Systems (Director)
-
NTUC Health Co-operative (Director)
-
Singapore Health Services (Director)
-
Asia Philanthropic Ventures (Director)
-
Caritas Humanitarian Aid & Relief Initiatives Singapore (Director)
-
SymAsia Foundation (Director)
-
Catholic Foundation (Chairman)
Past Directorships in Listed Companies held over the Preceding Three Years
-
Nil
Education and Achievements
-
Bachelor of Accountancy (First Class Hons), University of Singapore
-
Public Service Medal (2008)
James Koh Cher Siang, 72
Non-Executive and Independent
James Koh Cher Siang, 72
Non-Executive and Independent
First appointed as a director: 1 September 2012
Last re-elected as a director: 21 April 2016
Last re-elected as a director: 21 April 2016
A former civil servant with an illustrious 35-year career, Mr Koh held various appointments including Permanent Secretary in the Ministries of National Development, Community Development and Education. He retired as the Comptroller of Income Tax, where he was both Commissioner of Inland Revenue and Commissioner of Charities. His past appointments include director of Pan Pacific Hotels Group, UOL Group, Singapore Airlines and CapitaLand, where he was chairman of the risk committee. He was the Chairman of the Housing & Development Board from 2007 to 2016.
Board Committee Positions
-
Audit Committee (Member)
-
Remuneration Committee (Chairman)
Current Directorships in Other Listed Companies
-
Nil
Other Principal Commitments
-
CapitaLand Hope Foundation (Director)
-
Thye Hua Kwan Moral Charities (Director)
-
Pioneer Generation Package Appeals Committee (Deputy Chairman)
-
Ministry of Home Affairs – Independent Review Committee (Member)
Past Directorships in Listed Companies held over the Preceding Three Years
-
CapitaLand (till April 2016)
Education and Achievements
-
Master in Public Administration, Harvard University
-
Master of Arts, Oxford University
-
Bachelor of Arts (Hons) in Philosophy, Political Science and Economics, Oxford University
-
Meritorious Service Medal (2002)
-
Public Administration Medal (Gold) (1983)
Ong Yew Huat, 62
Non-Executive and Independent
Ong Yew Huat, 62
Non-Executive and Independent
First appointed as a director: 2 January 2013
Last re-elected as a director: 21 April 2016
Last re-elected as a director: 21 April 2016
Mr Ong is a chartered accountant and retired as Executive Chairman of Ernst & Young Singapore after 33 years with the firm. A known supporter of the arts, he previously served on the boards of the Singapore Art Museum and the National Art Gallery, and is currently Chairman of the National Heritage Board and the Singapore Tyler Print Institute.
Board Committee Positions
-
Audit Committee (Member)
-
Board Credit Committee (Chairman)
-
Board Risk Management Committee (Member)
Current Directorships in Other Listed Companies
-
Nil
Other Principal Commitments
-
United Overseas Bank (Malaysia) (Chairman)
-
Singapore Power (Director)
-
Ascendas-Singbridge (Director)
-
Singapore Tyler Print Institute (Chairman)
-
Tax Academy of Singapore (Chairman)
-
National Heritage Board (Chairman)
-
Singapore Mediation Centre (Director)
Past Directorships in Listed Companies held over the Preceding Three Years
-
Nil
Education and Achievements
-
Bachelor of Accounting (Hons), University of Kent at Canterbury
-
Institute of Chartered Accountants in England and Wales (Member)
-
Institute of Singapore Chartered Accountants (Member)
-
Public Service Star (2017)
Lim Hwee Hua, 59
Non-Executive and Independent
Lim Hwee Hua, 59
Non-Executive and Independent
First appointed as a director: 1 July 2014
Last re-elected as a director: 24 April 2015
Last re-elected as a director: 24 April 2015
Mrs Lim enjoyed a varied career in financial services prior to her service in Parliament between 1996 and 2011. Her last appointments while in public service were Minister in the Prime Minister’s Office and, concurrently, Second Minister for Finance and Transport. She rejoined the financial sector after leaving Parliament.
Board Committee Positions
-
Nominating Committee (Chairman)
-
Remuneration Committee (Member)
-
Strategy Committee (Member)
Current Directorships in Other Listed Companies
-
Jardine Cycle & Carriage (Director)
Other Principal Commitments
-
Tembusu Partners (Director)
-
Asia Pacific Exchange (Chairman)
-
BW Group (Director)
-
Summit Power International (Director)
-
Kohlberg Kravis & Roberts (Senior Advisor)
-
Asia Advisory Board of Westpac Institutional Bank (Member)
Past Directorships in Listed Companies held over the Preceding Three Years
-
Stamford Land Corporation (till November 2015)
Education and Achievements
-
Master of Arts (Hons) in Mathematics/Engineering, University of Cambridge
-
Master of Business Administration in Finance, Anderson School of Management, University of California at Los Angeles
Alexander Charles Hungate, 51
Non-Executive and Independent
Alexander Charles Hungate, 51
Non-Executive and Independent
Appointed as a director: 27 July 2017
Mr Hungate has more than 25 years of global leadership experience in financial services, marketing, customer service and strategic planning and development, having held senior management positions in various positions in SATS, HSBC and Reuters. He serves as a member of various business and community bodies, where he shares his knowledge to develop trade and strengthen communities.
Board Committee Positions
-
Board Credit Committee (Member)
-
Remuneration Committee (Member)
Current Directorships in Other Listed Companies
-
SATS (Director)
Other Principal Commitments
-
SATS (President and Chief Executive Officer)
-
Economic Development Board Singapore (Board Member)
-
National Youth Achievement Award Association Advisory Board (Council Member)
Past Directorships in Listed Companies held over the Preceding Three Years
-
Nil
Education and Achievements
-
Master of Arts in Engineering, Economics and Management, Oxford University
-
Master of Business Administration Programme (Baker Scholar), Harvard Business School
Michael Lien Jown Leam, 54
Non-Executive and Non-Independent
Michael Lien Jown Leam, 54
Non-Executive and Non-Independent
Appointed as a director: 27 July 2017
Currently the Executive Chairman of Wah Hin and Company, Mr Lien has extensive experience in the financial industry. He was a managing director of Morgan Stanley and headed its corporate finance business up to 2002. Prior to that, he served at Standard Chartered Merchant Bank Asia and Singapore’s Ministry of Trade and Industry.
Mr Lien has been a director of Temasek Holdings since 2010. He is also a member of the National University of Singapore’s Board of Trustees and its Investment Committee. In 2012, he founded Leap Philanthropy Limited, a charity that supports early philanthropy projects in Indochina. He previously served on the board of United Overseas Bank from 2005 to 2009.
Board Committee Positions
-
Nominating Committee (Member)
-
Strategy Committee (Member)
Current Directorships in Other Listed Companies
-
Nil
Other Principal Commitments
-
Wah Hin and Company (Executive Chairman)
-
Sandstone Capital (Director and Chief Investment Officer)
-
Temasek Holdings (Director)
-
National University of Singapore (Trustee and Investment Committee Member)
-
Leap Philanthropy (Founder)
Past Directorships in Listed Companies held over the Preceding Three Years
-
Nil
Education and Achievements
-
Bachelor of Economics (First Class Hons) with double majors in Finance and Econometrics, Monash University
Alvin Yeo Khirn Hai, 55
Non-Executive and Independent
Alvin Yeo Khirn Hai, 55
Non-Executive and Independent
Appointed as a director: 27 July 2017
The youngest lawyer to be appointed Senior Counsel at the age of 37, Mr Yeo is currently the Chairman and Senior Partner of WongPartnership. Among his areas of practice are banking and corporate disputes, restructuring and insolvency, and construction and civil engineering matters. Mr Yeo was an elected Member of Parliament from 2006 to 2015, and a former Chairman of the Government Parliamentary Committee for Home Affairs and Law. Currently, he also serves as director and audit committee member on the boards of Keppel Corporation and United Industrial Corporation.
Board Committee Positions
-
Audit Committee (Member)
-
Board Risk Management Committee (Member)
Current Directorships in Other Listed Companies
-
Keppel Corporation (Director)
-
United Industrial Corporation (Director)
Other Principal Commitments
-
WongPartnership (Chairman and Senior Partner)
-
Appeals Advisory Panel, Monetary Authority of Singapore (Member)
-
Asia Pacific Users’ Council, London Court of International Arbitration (Vice President)
-
Panel of Disciplinary Tribunal Chairmen, Supreme Court of Singapore (Member)
-
Panel of Disciplinary Tribunal Chairmen, Singapore Medical Council (Member)
-
Court of Arbitration, Singapore International Arbitration Centre (Member)
Past Directorships in Listed Companies held over the Preceding Three Years
-
Neptune Orient Lines (till June 2016)
Education and Achievements
-
Bachelor of Laws (Hons), King’s College, University of London
-
Chambers Asia-Pacific Outstanding Contribution to the Legal Profession Award (2017)
-
Singapore Institute of Arbitrators (Fellow)
-
Acknowledged as a leading litigation and arbitration counsel in international legal directories
Other Key Sections
Copyright © 2018 United Overseas Bank Limited
Company Reg. No. 193500026Z. All Rights Reserved.
As part of our efforts to reduce our environmental footprint, we will no longer distribute our Annual report by way of a CD-rom. We would like to invite you to join us in our sustainability efforts and refer to the electronic Annual Report.
Company Reg. No. 193500026Z. All Rights Reserved.
As part of our efforts to reduce our environmental footprint, we will no longer distribute our Annual report by way of a CD-rom. We would like to invite you to join us in our sustainability efforts and refer to the electronic Annual Report.