NETS Announces Two New Board Appointments From OCBC

NETS Announces Two New Board Appointments From OCBC

by November 12, 2021

Network for Electronic Transfers (NETS) announced that Sunny Quek and Melvyn Low have been appointed to its Board of Directors, effective 1st November 2021 onwards.

Sunny Quek

Sunny Quek

Sunny Quek, who is OCBC’s Head of Consumer Financial Services,  succeeds Ching Wei Hong, the Deputy President of OCBC, Chairman of Bank of Singapore and OCBC Securities, as an OCBC representative to the NETS Board.

Ching who recently stepped down as NETS’ Chairman, had earlier announced that he would retire from OCBC Bank at the end of September after 22 years of service.

With over two decades of banking experience, Quek joined OCBC in 2012, and has made significant contributions to the transformation and growth of its retail banking business.

He also led the OCBC Premier Banking business to become a leader in the affluent segment space.

In 2018, he spearheaded the launch of an Accredited Investor platform that offered bespoke wealth solutions to high-net-worth individuals in Singapore and the region.

Melvyn Low

Melvyn Low

Meanwhile, Melvyn Low who is OCBC’s Head of Global Transaction Banking replaces Neo Bock Cheng, Head of Partnerships, Global Commercial Banking for OCBC Bank who has also left the Board.

Neo has served on the NETS Board since 2010.

Low is an industry veteran with more than 27 years of experience.

He has assumed several senior positions in sales and product management, cash management, trade, and securities services in banks, regionally and globally.

Low served as Director of the Singapore Clearing House Association from 2010 to 2013, where he was a key contributor to the launch of Fast and Secure Transfers, or FAST Platform.

He is currently the Payments co-chair of the Digital Standing Committee for the Association of Banks in Singapore (ABS) and the Corporate Banking Workgroup Chair for the Institute of Banking and Finance (IBF).

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