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OCBC Appoints Veteran Banker Noel Gerald DCruz as Group Chief Risk Officer

Date:

OCBC Bank announced the appointment of veteran banker Noel Gerald DCruz as Group Chief Risk Officer from 1 January 2023, succeeding Vincent Choo who will stay on as an adviser.

DCruz joined OCBC in 1989 after a stint in the Monetary Authority of Singapore and currently heads both the Group Risk Portfolio Management department as well as the Group Data Management Office.

He has been closely involved in the reorganisation of the OCBC’s credit risk management structure, the set-up of the Credit Risk Management Committee and various specialised risk management units.

He has also been covering for Choo in his absence as the Acting Chief Risk Officer over the years.

With the appointment, DCruz will be made a member of the Management Committee and the Management Executive Committee.

Two other senior managers were also earlier elevated from within the ranks to the C-suite, namely Goh Chin Yee to Group Chief Financial Officer and Sunny Quek as Head of Global Consumer Financial Services.

Helen Wong

Helen Wong

Helen Wong, Group CEO of OCBC Bank said,

“Our talent management planning ensures that our businesses continue to run smoothly and without interruption even as our senior executives retire or move on to new opportunities in their career or in life. I am glad to expand Noel’s role.

He has built and strengthened the Group’s portfolio risk oversight and management, and we are assured that he will continue to ably assess and mitigate a panoply of risks facing the bank amid today’s increasingly uncertain environment.”

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