OCBC Bank, CEO Samuel Tsien win at Asian Banker Leadership Achievement Awards

OCBC Bank and its chief executive Samuel Tsien snagged accolades at the Asian Banker Leadership Achievement Awards on Tuesday (May 10).
OCBC Bank and its chief executive Samuel Tsien snagged accolades at the Asian Banker Leadership Achievement Awards on Tuesday (May 10).ST PHOTO: DIOS VINCOY JR

SINGAPORE - OCBC Bank and its chief executive Samuel Tsien snagged accolades at the Asian Banker Leadership Achievement Awards on Tuesday (May 10).

Mr Tsien won the Best CEO Leadership Achievement award, and OCBC was named Best Managed Bank in Singapore and Asia Pacific, at the ceremony held at JW Marriott Hanoi.

The Asian Banker provides business intelligence to financial firms.

"Under Tsien's leadership, OCBC successfully completed a number of major mergers and acquisitions that expanded and entrenched its position as one of the leading wealth managers in Asia," it said in a release. "OCBC extended its presence in Greater China, in addition to its core markets of Singapore, Malaysia and Indonesia."

It said Mr Tsien has more than 30 years of experience in the banking industry and has been

group chief executive of OCBC since April 2012.

It noted that the bank's efforts to build a strong regional presence has seen overseas earnings contribution outside its home market of Singapore, grow from 41 per cent of the group's total in 2011, to 45 per cent in 2015.

Income from its wealth management business has grown 16 per cent annually during this period, and core earnings grew an annual compounded rate of 14 per cent between 2011 and 2015.

rachaelb@sph.com.sg