United Overseas Bank’s (UBOH.SI) Singapore-based head of investment banking, Tay Tong Poh, has resigned, banking sources said on Tuesday.
Tay, an executive vice president of investment banking and a member of the bank’s management committee, reported to Wee Ee Cheong, UOB’s CEO and deputy chairman.
Tay, an executive vice president of investment banking and a member of the bank’s management committee, reported to Wee Ee Cheong, UOB’s CEO and deputy chairman.
Tay was not immediately available for comment. A UOB spokeswoman was not immediately available for comment.
Tay has 18 years of experience in corporate banking, corporate finance, project finance, leveraged finance and debt capital markets, and had been with UOB for five years, according to UOB’s website.
Prior to joining UOB, Tay was with JP Morgan.
UOB is Singapore’s third-largest bank by assets and reported a 35% rise in quarterly profit to US$552 million ($688.4 million) in the fourth quarter to December 31 2010.
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