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  • Title
    Group CEO
  • Affiliation
    OCBC
  • Country
    Singapore
  • 2020 Rank
    New

In January 2021, Wong became Singapore’s first-ever female bank CEO when she took the reins at Oversea-Chinese Banking Corp. (OCBC), Southeast Asia’s second-largest lender by assets. The lender had a tough 2020 and saw its profits plunge 26% to $2.7 billion, primarily owing to COVID-19 pandemic hits. The Singapore bank’s outlook improved in the first half of 2021, however, recording profits of $2 billion—up 86% from the same time last year. As OCBC’s group CEO, Wong will reinvigorate the bank’s business strategy with a turn to China. The lender plans to significantly increase its wealth management and corporate banking staff for Chinese clients. Wong is a newcomer to Fortune’s Most Powerful Women International list, but she already has a formidable résumé under her belt. Wong spent 27 years at HSBC, driving the lender’s mainland China expansion. She most recently served as the British bank’s Greater China CEO from 2015 to 2019.

 

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