OCBC has announced significant leadership changes within its Global Wholesale Banking division, effective 1 October 2025. Elaine Heng, currently the Group Chief Strategy and Transformation Officer, will take over from Linus Goh as Head of Global Commercial Banking. Goh, who has been with OCBC since 2004, will retire on 30 September 2025. These changes aim to bolster OCBC’s position in commercial banking and global financial institutions.
Under Goh’s leadership, OCBC’s commercial banking has become a leading force in Singapore, Malaysia, Hong Kong, and Indonesia, serving one in two SMEs in Singapore. He has been instrumental in focusing on digitalisation, ecosystems, sustainable finance, and internationalisation, contributing to a nearly 40% profit growth in the global financial institutions business from 2022 to 2024.
Heng, who joined OCBC in 2024, has been pivotal in shaping the bank’s strategic roadmap. Her previous roles include CEO of Retail Business and Deputy Group CEO at FairPrice Group, where she led a significant digital transformation. “Elaine is taking over a strong Commercial Banking team built by Linus over the last 17 years,” said Tan Teck Long, Head of Global Wholesale Banking.
Tan Yuen Siang, who has led the Global Financial Institutions business since 2021, will join the Global Wholesale Banking Leadership Team. Group CEO Helen Wong praised Goh’s contributions, stating, “His thought leadership and advocacy have helped shape industry standards and inspired progress across the financial ecosystem.”
These leadership changes are expected to drive OCBC’s next growth phase, focusing on digital and sustainability-led initiatives.
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