Oversea-Chinese Banking Corporation has appointed Andrew Khoo Cheng Hoe as a non-executive independent director, effective March 8.

Khoo will serve as a member of the board audit committee as well as the ethics and conduct committee.

SEE:MAS awards digital bank licences to two consortiums, two entities

Khoo formerly served as a deputy managing director at the Monetary Authority of Singapore, where he was employed until 2019. He is also presently serving as an adjunct professor at the NUS Business School until June this year.

According to OCBC's filing to SGX, Khoo currently owns 7,176 ordinary shares in OCBC.

Shares in OCBC closed up 13 cents, or 1.1% higher on March 8.