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Lian named CEO of United Overseas Bank China
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THE Chinese subsidiary of Singapore-based lender United Overseas Bank has appointed Eric Lian its new president and chief executive officer, UOB China said in an emailed statement.
The announcement yesterday came after the bank's receipt of regulatory approval for the appointment. Lian joined UOB China in July and was previously the co-head of wholesale banking of Standard Chartered Bank for China. He was with Standard Chartered for 18 years and held senior positions in both business and risk management, according to the statement.
UOB was among the first batch of overseas lenders to have incorporated a local entity on China's mainland in 2007. It currently has 12 outlets in 9 cities on the mainland.
Net profit at UOB China jumped 127 percent to 214.6 million yuan (US$34.9 million) in 2012 from a year earlier, according to its annual report.
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