UOL announced last Friday that Mr Gwee Lian Kheng, 77, will be retiring as group chief executive on Jan 31 next year after 45 years of service. He will remain a director. The board is currently identifying and reviewing internal and external candidates in its search for his successor.
Mr Gwee will continue to work closely with the board in achieving a smooth transition. He joined the company as group financial controller and company secretary in 1973 and took over the helm in 1987, when he was promoted to executive director and general manager.
DBS Group Holdings
DBS Group said veteran Tan Teck Long will be its chief risk officer (CRO) with effect from yesterday.
In his new role, he will report to DBS chief executive officer Piyush Gupta and be a member of DBS' group executive committee.
Mr Tan, who has 25 years of experience with the bank in business and risk roles, was most recently head of the Institutional Banking Group's large-and mid-cap businesses, and its chief operating officer.
He started his career in DBS as a trainee officer in 1993 in its corporate banking department. Over the span of his career, he has held progressively senior roles in Singapore and China. These included heading DBS' real estate banking franchise in 2004 and leading DBS' Institutional Banking business in China from 2011 to 2016. In addition, he has held roles in risk management, including being senior credit approver, and setting up and heading DBS' loan workout unit.
Mr Elbert Pattijn, who is retiring from the bank, was DBS' CRO since 2008. As CRO, his first task was to bring together various risk management departments and help navigate the bank through the global financial crisis. More recently, under his leadership, DBS made strides in improving its risk methodologies and models, and digitising large parts of its risk management processes.
Sembcorp Industries has appointed Mr Namesh Hansjee to helm its new merchant and retail business line starting Aug 27.
Mr Hansjee was previously a managing director at Bank of America Merrill Lynch, heading its energy trading in London. Before that, he spent over a decade at EDF Trading, the trading and wholesale arm of Electricité de France, and served for some years as the company's head of trading.
Sembcorp said its merchant and retail business will let it "capture opportunities closer to the customer and in multiple markets, enhance competitiveness and returns, and strategically position itself to benefit from the global energy transition". It acquired UK Power Reserve, the United Kingdom's largest flexible distributed energy generator, earlier this month in its bid to grow its merchant energy capabilities.