United Overseas Bank names Lee Wai Fai as Acting Chief Risk Officer

The current Chief Financial Officer & Managing Director will temporarily take hold of the position until appointment of Chief Risk Officer.

The Board of United Overseas Bank announced the appointment of Lee Wai Fai as Acting Chief Risk Officer. The Board has reviewed the background, skills and experience of Lee Wai Fai and is of the view that he is suitable for appointment as Acting Chief Risk Officer.

Lee Wai Fai, 51, is tasked to oversee the risk management function until a Chief Risk Officer is appointed, according to a United Overseas Bank report.

At present, Lee Wai Fai is Chief Financial Officer & Managing Director, Group Finance & Corporate Services of United Overseas Bank Limited from 2005 to present. Before this, Lee was Executive Vice President, International (2004 – 2005) and Senior Vice President, Corporate Services, Finance Division (2001 – 2004) of the same company.