UOB Malaysia announced that it will appoint Ng Wei Wei as its first female Chief Executive Officer (CEO) effective 1 May 2022 onwards.

She will succeed Wong Kim Choong, who will relinquish the position after leading the bank since 2012.

Wong will take on a new role as senior adviser and will oversee the integration of the bank’s and Citi’s retail banking business, until his planned retirement.

Ng is a seasoned banker with broad experience and in-depth knowledge of the financial industry.

In the earlier part of her career, from 2000 to 2006, she was in corporate banking at UOB Malaysia.

Following various leadership roles at global financial institutions in Malaysia and Hong Kong, she returned to UOB Malaysia in 2019 as Managing Director and Country Head of Wholesale Banking, before assuming the role of Deputy CEO in 2021.

She has been instrumental in growing UOB Malaysia’s wholesale banking franchise, and advancing the bank’s strategic priorities including its Environment, Social and Governance, and innovation agenda, as well as supporting its customers to expand regionally by tapping on the bank’s connectivity, expertise and capabilities.

Wee Ee Cheong, Deputy Chairman and Chief Executive Officer, UOB Group said,

“I would like to thank Kim Choong for his years of strong leadership and to congratulate Wei Wei on her appointment as CEO of UOB Malaysia. Wei Wei’s appointment reflects our firm belief in the importance and benefits of diversity as we anticipate customer needs in an increasingly complex, changing and volatile environment. I am confident that under Wei Wei’s leadership, UOB Malaysia will continue to scale greater heights as we support our customers to seize opportunities locally and across the region.”