OCBC sees long-term potential in wealth business: CEO Tan Teck Long

Singapore lender OCBC posted a record quarterly profit of S$2.22 billion (US$1.73 billion) for the second quarter, up 22 per cent from a year earlier, as income from wealth management and other fee-based businesses helped offset pressure from lower interest rates. In an exclusive interview with CNA’s Elizabeth Neo, group CEO Tan Teck Long explains why the bank sees long-term potential in its wealth business and plans to keep investing in it despite market swings. He also discusses the role of artificial intelligence in the bank’s strategy. Subscribe to our channel here: https://cna.asia/youtubesub Visit our website: https://cna.asia Download our app: https://cna.asia/app Get our editors' picks of stories via chat apps: Telegram: https://cna.asia/telegram WhatsApp: https://cna.asia/whatsapp Follow us on these platforms: https://www.facebook.com/channelnewsasia https://www.instagram.com/channelnewsasia https://www.tiktok.com/@channelnewsasia