UOB Malaysia announced that Ng Wei Wei will succeed Wong Kim Choong(KC) as the new Chief Executive Officer, effective 1 May 2022. The succession will see Ng being the bank’s first female CEO.

Wong has led the bank since 2012, and he will be taking a new role as senior advisor and will oversee the integration of Bank’s and Citi’s retail banking business until his planned retirement.

“I would like to thank KC for his years of strong leadership and to congratulate Wei Wei on her appointment as CEO of UOB Malaysia. Wei Wei’s appointment reflects our firm belief in the importance and benefits of diversity as we anticipate customer needs in an increasingly complex, changing and volatile environment,” Wee Ee Cheong, Deputy Chairman and Chief Executive Officer of UOB Group said.

Ng is a seasoned banker with vast experience in the financial industry. She was part of UOB Malaysia from 2000 to 2006 before following various leadership roles at global financial institutions in Malaysia and Hong Kong.

In 2019, she returned to UOB Malaysia as Managing Director and Country Head of Wholesale Banking, before assuming the role of Deputy CEO in 2021. She has played a huge part in growing UOB Malaysia’s Wholesale Banking franchise, and advancing its strategic priorities.