OCBC Bank’s CEO Samuel Tsien will step down from his role as the bank’s executive director on April 15.

Tsien, on Jan 8, announced that he will be retiring from his role as CEO on the same day, marking the ninth anniversary of his appointment.


See: OCBC Bank names Helen Wong as new group CEO; current CEO Samuel Tsien to retire


 

Upon his retirement, Tsien will be appointed as adviser to the board of the bank.

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Tsien’s successor as CEO is Helen Wong Pik Kuen, whose appointment will be effective, also on April 15.

According to an announcement released via SGX on March 25, Tsien will also be stepping down from his role as chairman of the Association of Banks in Singapore in April.

Shares in OCBC closed 1 cent higher or 0.09% up at $11.62 on March 25.