Network for Electronic Transfers (NETS) has announced the appointments of OCBC’s Sunny Quek and Melvyn Low to its board of directors on Nov 11.
Quek is OCBC’s head of consumer financial services, while Low is OCBC’s head of global transaction banking. Their appointments took effect on Nov 1.
Quek succeeds Ching Wei Hong, deputy president of OCBC, chairman of Bank of Singapore and OCBC Securities, as an OCBC representative to the NETS board.
Ching, who stepped down as NETS’s chairman in August, had announced earlier that he would retire from OCBC Bank at the end of September after 22 years of service.
Low replaces Neo Bock Cheng, OCBC’s head of partnerships, global commercial banking. Neo has also left the board after serving since 2010.
Quek comes with over 20 years of banking experience. He joined OCBC in 2012 and has made contributions to the transformation and growth of its retail banking business.
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Low is an industry veteran with over 27 years of experience. He has assumed several senior positions in sales and product management, cash management, trade and securities services in banks, regionally and globally.
Low previously served as director of the Singapore Clearing House Association from 2010 to 2013, where he contributed to the launch of Fast and Secure Transfers, or FAST platform.
Low is also the payments co-chair of the digital standing committee for the Association of Banks in Singapore (ABS).
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NETS Chairman, Susan Hwee says, “We welcome Sunny and Melvyn to the board. They are both established stalwarts who have contributed significantly to the digital transformation of the banking and finance sector. We look forward to working closely with them to leverage their experience and reinforce NETS’ position as a leading payments services group in Singapore.”
“On behalf of the board, I extend my appreciation to Wei Hong and Bock Cheng, both long-standing Board members, for their years of leadership and invaluable contributions in shaping NETS’ digital transformation,” she adds.