SINGAPORE (Reuters) -Oversea-Chinese Banking Corp (OCBC), Singapore’s second-largest bank by assets, said on Wednesday it had appointed Melvyn Low as group chief strategy and transformation officer, effective November 10.
Low, who has led OCBC’s global transaction banking division since 2018, will drive the lender’s long-term strategic roadmap while continuing to oversee the transaction banking business, the bank said in a statement.
An industry veteran with more than 30 years experience, Low has held senior roles in cash management, trade and securities services at regional and global banks, according to the statement.
Under his leadership, OCBC’s transaction banking income has doubled in five years, and the division exceeded its Greater China target of 500 mandates two years ahead of schedule, securing close to 600 as of June 2025, the bank said.
Low has introduced several digital solutions for corporate and SME clients, including a blockchain-based conditional payments system and cross-border payment linkages between Singapore and Thailand, OCBC added.
(Reporting by Yantoultra Ngui; Editing by Kate Mayberry)
