FINANCIAL SERVICES | Staff Reporter, Singapore

OCBC appoints Dennis Hong as managing director of OCBC Securities

He has been the deputy managing director of OCBC Securities since 15 March 2018.

OCBC Bank appointed Dennis Hong as managing director of OCBC Securities, its wholly-owned brokerage subsidiary, with effect from 1 May 2018. He succeeds Raymond Chee, who has served since August 2012.

Hong has served as deputy managing director of OCBC Securities since 15 March 2018. He has been actively involved and engaged in business decisions since the start of the year under the guidance of Chee, as part of the leadership transition.

Hong joined OCBC in 2010 as a Post Graduate Management Associate. Upon completion of the programme, he became a relationship manager at the bank’s Wholesale Corporate Marketing division, where he managed a portfolio of large corporates, with a focus on the aviation industry.

OCBC COO and OCBC Securities chairman Ching Wei Hong said, “Dennis is taking over the reins at our brokerage arm at an exciting time for OCBC’s wealth management business. Our wealth management income, which includes stockbroking income, increased a robust 43% to hit a new high of $3.25b last year. This growth momentum is expected to continue."

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