OCBC has announced changes in its Global Wholesale Banking leadership, effective from October 1, 2025. These changes are intended to strengthen the bank's position in commercial banking and global financial institutions.
Elaine Heng will take over as Head of Global Commercial Banking from Linus Goh, who is set to retire on September 30, 2025. Tan Yuen Siang will join the Global Wholesale Banking Leadership Team. Both Heng and Tan will report to Tan Teck Long, the current Head of Global Wholesale Banking.
Linus Goh joined OCBC in April 2004 and played a significant role in expanding the bank's reach in ASEAN and Greater China. Under his leadership since 2008, OCBC's commercial banking became a leading entity across Singapore, Malaysia, Hong Kong, and Indonesia. The bank focused on digitalisation, ecosystems, sustainable finance, and internationalisation under his guidance.
Goh also contributed significantly to growing the global financial institutions business with a notable profit growth of nearly 40% from 2022 to 2024. Elaine Heng will continue this trajectory by accelerating digital and sustainability-led growth strategies for clients in her new role.
Heng joined OCBC in April 2024 as Group Chief Strategy and Transformation Officer after serving at FairPrice Group as CEO of Retail Business and Deputy Group CEO. Her experience includes two decades in banking with senior roles at Standard Chartered Bank.
Tan Yuen Siang has been with OCBC since 2005 and took charge of the Global Financial Institutions Business in 2021. He has focused on expanding partnerships with non-bank financial entities.
Tan Teck Long expressed confidence that Heng would bring fresh perspectives while building on existing client relationships established by Goh. Group CEO Helen Wong thanked Goh for his contributions over two decades, acknowledging his impact on SME development, digital innovation, and sustainable finance within Singapore's banking sector.