OCBC's Samuel Tsien to become adviser to the board after retiring from director role

Upon his retirement, Tsien will be appointed as adviser to the board of the bank.

Tsien’s successor as CEO is Helen Wong Pik Kuen, whose appointment will be effective, also on April 15.

According to an announcement released via SGX on March 25, Tsien will also be stepping down from his role as chairman of the Association of Banks in Singapore in April.

See also: OCBC chairman says bank's 'one in 10 event' stress test meets market challenges

Shares in OCBC closed 1 cent higher or 0.09% up at $11.62 on March 25.