The Singapore payment network provider has appointed two established stalwarts who have contributed significantly to the digital transformation of the banking and finance sector to replace departing members of its board.
The Network for Electronic Transfers (Nets) has appointed OCBC head of consumer financial services Sunny Quek and OCBC head of global transaction banking Melvyn Low to its board of directors, according to an announcement on Thursday.
Quek succeeds Ching Wei Hong, deputy president of OCBC, chairman of Bank of Singapore and OCBC Securities, as an OCBC representative to the NETS Board. Ching recently stepped down as NETS’ chairman, as he retired from OCBC Bank in September, after 22 years of service.
Low replaces Neo Bock Cheng, head of partnerships, global commercial banking for OCBC Bank, left the board after over 10 years of service.
Quek has over two decades of banking experience, and joined OCBC in 2012, leading its Premier Banking business to become a leader in the affluent segment space. He also spearheaded the launch of the bank’s Accredited Investor (AI) platform that offers bespoke wealth solutions to high-net-worth individuals in Singapore and the region.
Low brings more than 27 years of experience, including in senior positions in sales and product management, cash management, trade, and securities services. He was previously the director of the Singapore Clearing House Association from 2010 to 2013 and 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).