Change - Announcement of Cessation::Announcement of Cessation of Chief Financial Officer

Issuer & Securities

Issuer/ Manager
OVERSEA-CHINESE BANKING CORPORATION LIMITED
Securities
OVERSEA-CHINESE BANKING CORP - SG1S04926220 - O39
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Oct-2022 17:17:59
Status
New
Announcement Sub Title
Announcement of Cessation of Chief Financial Officer
Announcement Reference
SG221010OTHR69LO
Submitted By (Co./ Ind. Name)
Sherri Liew
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Chief Financial Officer

Additional Details

Name Of Person
Tan Siew Peng (Darren)
Age
51
Is effective date of cessation known?
Yes
If yes, please provide the date
01/11/2022
Detailed Reason (s) for cessation
Mr Darren Tan has opted for early retirement.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
01/12/2011
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
8
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
2
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Role and responsibilities
As Chief Financial Officer, Mr Tan oversees OCBC Group's financial, regulatory and management accounting, corporate treasury including capital management, corporate development and investor relations.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
11,253 Ordinary Shares
187,363 Unvested Shares under Deferred Share Plan
329,636 Share Options
1,818 Share Entitlement pursuant to Employee Share Purchase Plan
Past (for the last 5 years)
Nil
Present
1. Lion Global Investors Limited (Director)
2. Tax Academy of Singapore (Director)
3. OCBC Property Services Private Limited (Director)
4. OCBC Overseas Investments Pte Ltd (Director)
5. MaxWealth Fund Management Pte Ltd (Director)
6. Inland Revenue Authority of Singapore (Director)
7. Institute of Singapore Chartered Accountants (Member of ISCA Council (Non-executive))
8. Bank of Ningbo Limited (Director)
9. Singapore Management University (School of Accountancy Advisory Board member)