Family-run UOB's CEO says open to outside successor

UOB CEO Wee Ee Cheong. Photographer: Ore Huiying/Bloomberg

United Overseas Bank Ltd.’s chief executive officer said he is comfortable going outside his family for a successor to run the lender his grandfather founded more than eight decades ago.

“I will always, as I said, take in people with the right value,” Wee Ee Cheong, 66, who took the reins from his father in 2007, said in an interview. “If they can do the job, why not?”

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