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UOB Malaysia Finds Its First Female CEO In The Appointment Of Ng Wei Wei

United Overseas Bank (UOB) Malaysia has the designation of Ng Wei Wei as its new chief executive officer (CEO) effective May 1st 2022. This announcement follows the succession of Wong Kim Choong, who will relinquish the position after leading the bank since 2012 as he takes on his new role as senior adviser.

The role will see Wong oversee the integration of the bank and Citi’s retail banking business until his planned retirement.

Ng brings her broad experience and in-depth knowledge of the financial industry to the new title as seasoned banker, having honed her banking skills and developed her core values at UOB Malaysia during the earlier days of her career from 2000 to 2006.

Following various leadership roles at global financial institutions in Malaysia and Hong Kong, she returned to UOB Malaysia in 2019 as the managing director and country head of wholesale banking, before assuming the role of deputy CEO in 2021.

Speaking on Ng’s appointment, UOB’s group deputy chairman and CEO Wee Ee Cheong thanked Wong for his years of strong leadership and congratulates Ng on her appointment as CEO of UOB Malaysia.

He also reiterated that this reflects the bank’s firm belief in the importance and benefits of diversity as it anticipates customer needs in an increasingly complex, changing and volatile environment.

As deputy CEO, Ng retains her current role as head of Wholesale Banking, wherein she is also entrusted to manage and to provide oversight on the bank’s Foreign Direct Investment Advisory, Islamic Banking, and Labuan offshore businesses.

In addition, she now oversees Retail Banking (comprising Personal Financial Services and Business Banking), Channels and Digitalisation, and the Risk Management functions. She will work closely with the respective function leads to achieve the bank’s objectives and goals and to support the growth of UOB’s franchise across Asia.


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