Singapore, 31 August 2021 – NETS announced today the appointment of Ms Susan Hwee, UOB’s Head of Group Technology and Operations as the new Chairman of NETS. Ms Hwee’s appointment takes effect from 1 September 2021.

Chairmanship of NETS is rotated among the three local banks (DBS, OCBC or UOB) every three years.

Ms. Hwee will succeed Mr. Ching Wei Hong, Deputy President of OCBC Bank, Chairman of Bank of Singapore and OCBC Securities, who has been the Chairman of NETS since 1 September 2018.

Ms. Hwee has served as a Director of the NETS Board since 2002. She brings with her more than 30 years of experience in banking and operations, including 20 years spent at UOB. She is a member of UOB’s Management Executive Committee and spearheads the bank’s innovation initiatives, and sets the global standards for UOB’s technological platform and operational processes.

NETS Group CEO, Mr. Lawrence Chan said, “We are very excited to have Susan take up the mantle of Chairman at NETS. As the payments industry undergoes significant change, her vast experience and technology expertise will be invaluable in advancing NETS’ capabilities. We look forward to her leadership through innovation to further our position as a leading payments services group in Singapore.”

The Board and Management of NETS thanked Mr Ching for his contributions to the payments group.

Mr Chan said, “We thank Wei Hong for his stalwart leadership and contributions to NETS. He showed vigilant foresight, pivoting NETS towards cross-border retail payments and online e-commerce payment offerings, and drove efforts to build Singapore’s PayNow and Thailand’s PromptPay linkage of real-time payment systems.”

“We are also grateful for his tireless efforts in the past three years, steering the company through challenges and accelerating digital transformation especially during the COVID-19 pandemic, to serve our merchants across varying sectors,” he added.