Change - Announcement of Appointment::Appointment of Group Chief Financial Officer

Issuer & Securities

Issuer/ Manager
UNITED OVERSEAS BANK LIMITED
Securities
UNITED OVERSEAS BANK LIMITED - SG1M31001969 - U11
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
13-Dec-2024 17:05:20
Status
New
Announcement Sub Title
Appointment of Group Chief Financial Officer
Announcement Reference
SG241213OTHRKERR
Submitted By (Co./ Ind. Name)
Jeffrey Beh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Leong Yung Chee as Group Chief Financial Officer.

Additional Details

Date Of Appointment
22/04/2025
Name Of Person
Leong Yung Chee
Age
51
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
This appointment is part of UOB's senior leadership rotation and reflects UOB's commitment to nurturing talent from within. The Nominating Committee and the Board have assessed Yung Chee to be suitably qualified for appointment as Group Chief Financial Officer. There will be no impact on the Board's diversity policy.
Whether appointment is executive, and if so, the area of responsibility
This is an executive appointment. In his new role as Group CFO, Mr Leong will steer the Bank's financial strategy to align with efforts in business transformation and innovation across the Group. He will oversee core functions including finance, treasury, and data management.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Financial Officer.
Professional qualifications
Bachelor of Engineering in Electrical and Electronic Engineering (Imperial College)
Master of Science in Electrical Engineering (Stanford University)

Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
No.
Conflict of interests (including any competing business)
Nil.
Working experience and occupation(s) during the past 10 years
1. United Overseas Bank Limited (2016 to current)
- Managing Director, Head of Group Corporate Banking
- Head, Blockchain and Digital Assets
- Mergers & Acquisitions Advisor

2. Macquarie (Singapore) (2010 to 2015)
- Country Head
- CEO, Macquarie Capital
- Chairman, Macquarie Foundation
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Restricted Shares - 112,825
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Nil.
Present
- United Overseas Insurance Limited (Director)
- ACIF GP Ltd (Director)
- UOB Global Capital LLC (Director)
- UOB Global Capital Private Limited (Director)
- UOB Capital Partners LLC (Director)
- UOB Venture Management (Shanghai) Limited (Director)
- T3 Capital Limited (Director)
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Appointed as Director of United Overseas Insurance Limited on 1 March 2023.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not applicable.

Attachments

UOB News Release - UOB appoints Mr Leong Yung Chee as new Group Chief Financial Officer.pdf
Total size =192K