Change - Announcement of Cessation::Cessation of Chief Risk 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
16-Nov-2022 17:17:18
Status
New
Announcement Sub Title
Cessation of Chief Risk Officer
Announcement Reference
SG221116OTHRFVVW
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 Risk Officer

Additional Details

Name Of Person
Choo Nyen Fui (Vincent)
Age
60
Is effective date of cessation known?
Yes
If yes, please provide the date
01/01/2023
Detailed Reason (s) for cessation
Change of role within the Bank
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
01/08/2014
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
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Risk Officer
Role and responsibilities
As Chief Risk Officer, Mr Choo oversees OCBC Group's Risk Management, which is responsible for the full spectrum of risk, including Credit, Technology and Information Security, Liquidity, Market and Operational Risk Management.
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
581,048 Ordinary Shares
137,369 Unvested Shares under Deferred Share Plan
126,881 Share Options
Other Directorships
Past (for the last 5 years)
Nil
Present
1. Bank of Singapore Limited
2. NUS Risk Management Institute (Member of Management Board)
3. Bank of Ningbo Co., Ltd.