Singapore’s UOB appoints Tan Choon Hin as head of ASEAN and Greater China in new role

SINGAPORE, Aug 18 (Reuters) – Singapore’s United Overseas Bank, or UOB, has appointed Tan Choon Hin as head of ASEAN and Greater China, effective September 1, it said in a statement on Tuesday.

Here are more details:

• The new role will see Tan, who is currently UOB’s deputy chief risk officer, drive the bank’s regional business, including its fully-owned subsidiaries in Malaysia, Indonesia, Thailand, Vietnam and mainland China, as well as its branches in Hong Kong and Taiwan.

• It comes as UOB seeks to deepen its regional connectivity and capture the growing cross-border flows between ASEAN and Greater China.

• Tan will also oversee the bank’s foreign direct investment (FDI) advisory unit, which helps companies seize cross-border growth opportunities by connecting them to ecosystem partners and industry networks across ASEAN and Greater China.

• In the past six months, its FDI advisory unit has supported more than 300 cross-border expansion plans, with projected investments of S$5.6 billion ($4.38 billion).

• Tan will report to UOB’s CEO Wee Ee Cheong.

($1 = 1.2774 Singapore dollars)

(Reporting by Rae WeeEditing by Shri Navaratnam)