OCBC Bank Appoints Sunny Quek as Head of Global Consumer Financial Services, Oversees Consumer Banking & Wealth Management Including OCBC Premier Banking & Premier Private Clients
20th October 2022 | Singapore
OCBC Bank, one of the 3 largest bank in Singapore, has appointed Head of Consumer Financial Services Singapore Sunny Quek as OCBC new Head of Global Consumer Financial Services (immediate effect), overseeing Consumer Banking & Wealth Management businesses (Singapore, Malaysia, Indonesia, Greater China) including OCBC Premier Banking & Premier Private Clients. Sunny Quek had joined OCBC Bank in 2012 from Citibank (Branch Banking Director) as Head of Branch & Premier Banking Singapore. In 2019, Sunny was appointed OCBC Head of Consumer Financial Services Singapore, leading the group digital transformation, growing OCBC Premier Banking business to become a leader in the affluent segment space, and launching OCBC Premier Private Client with an Accredited Investor (AI) platform with bespoke wealth solutions. Since 2019, Sunny Quek had also led OCBC stock broking business and served on its Board (OCBC Securities). OCBC: “Under Mr Quek’s leadership, the consumer banking and wealth management business in Singapore achieved record net interest income driven by strong deposit book and margin expansion. Wealth management fees grew significantly on the back of strong bancassurance sales. The secured lending balances also grew with consumer green loans tripling within a year. Over the past year, Mr Quek has mapped out the strategy to accelerate growth for the consumer banking franchise across the region.”
“ OCBC Bank Appoints Sunny Quek as Head of Global Consumer Financial Services, Oversees Consumer Banking & Wealth Management Including OCBC Premier Banking & Premier Private Clients “
Helen Wong, Group CEO of OCBC Bank: “Sunny has delivered strong financial results for the consumer banking and wealth management businesses, year after year. In particular, Sunny leads a very successful OCBC Premier Private Client franchise that doubled in Assets Under Management. Rolling out innovative talent management programmes and initiatives, Sunny has also built a strong team to drive the businesses further. Well respected by his peers within the OCBC Group, I am confident Sunny will be a valuable contributor to the senior management team.”
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. OCBC Bank’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore. OCBC Bank’s insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.
Sunny Quek, OCBC Head of Global Consumer Financial Services
Sunny Quek is OCBC new Head of Global Consumer Financial Services, overseeing Consumer Banking & Wealth Management businesses (Singapore, Malaysia, Indonesia, Greater China) including OCBC Premier Banking & Premier Private Clients.
Sunny Quek is currently the Head of Consumer Financial Services Singapore and a member of the Management Committee, and will report to Helen Wong (OCBC Group CEO) and appointed as a OCBC Bank Management Executive Committee.
Sunny Quek had joined OCBC Bank in 2012 from Citibank (Branch Banking Director) as Head of Branch & Premier Banking Singapore. In 2019, he was appointed OCBC Head of Consumer Financial Services Singapore, leading the group digital transformation, growing OCBC Premier Banking business to become a leader in the affluent segment space, and launching OCBC Premier Private Client with an Accredited Investor (AI) platform with bespoke wealth solutions. Since 2019, Sunny Quek also led the OCBC stock broking business and served on its Board (OCBC Securities).
OCBC Bank
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker. OCBC Bank and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services. OCBC Bank’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 470 branches and representative offices in 19 countries and regions. These include over 230 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 70 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.
OCBC Bank’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.
OCBC Bank’s insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.
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