17 December 2018
SINGAPORE, 17 December 2018 – NTUC Income (Income) announced today the appointment of Mr Ronald Ong Whatt Soon as Chairman of the Board, to succeed Mr Stephen Lee Ching Yen, with effect from 1 January 2019.
Mr Ong has a distinguished career in banking that spans over 30 years. He is currently the Chairman and Chief Executive Officer (South-east Asia) at Morgan Stanley and has been with the bank for 20 years in various roles, with substantial experience in mergers and acquisitions, as well as, capital markets.
Mr Ong most recently joined Income as a Board Member in August 2018. He also sits on the Board of NTUC Fairprice Co-operative Limited and Next 50 Limited. In addition to being a member of the Listings Advisory Committee of the Singapore Stock Exchange, Mr Ong also serves on the Advisory Board of the Lee Kong Chian School of Business at the Singapore Management University (SMU) and of the Sim Kee Boon Institute for Financial Economics, also at SMU. Previously, he was a council member of the Securities Industry Council and committee member of the 1st Capital Markets Committee of the Monetary Authority of Singapore.
Mr Lim Boon Heng, Chairman, NTUC Enterprise, said, “Ronald is an eminent business leader. I am confident that Ronald will lead Income to greater success, delivering value and accessibility of insurance to all Singaporeans.”
Mr Lim added, “I want to thank Stephen for his contributions to Income for the past five years. Under his stewardship, Income continues to stay true to its mission and has made significant progress to become a digital insurer.”
“It has been my privilege and a great honour serving on the Income Board,” said Mr Stephen Lee. “Steering Income over the last five years has been challenging and rewarding. Income today is a progressive social enterprise and market leader. This will not be possible without the unwavering support of my fellow directors and I would like to thank them for their commitment.”
Mr Lee added, “With Ronald taking the helm as Chairman, I have no doubt that Income’s momentum for growth and transformation will continue.”
Mr Ken Ng, Income’s Chief Executive, welcomed Mr Ong’s new appointment.
“I am pleased to welcome Ronald as Chairman of Income. We will benefit from his wealth of experience and strong track record. I look forward to working with Ronald as we accelerate digitalisation, innovation and growth at Income.”
Mr Ronald Ong said, “It is a great honour to serve Income as its Chairman, catering to the financial and protection needs of two million policyholders. I look forward to working with my fellow directors on the Board, building on Income’s trusted value proposition as a social enterprise.”
Mr Ong has a distinguished career in banking that spans over 30 years. He is currently the Chairman and Chief Executive Officer (South-east Asia) at Morgan Stanley and has been with the bank for 20 years in various roles, with substantial experience in mergers and acquisitions, as well as, capital markets.
Mr Ong most recently joined Income as a Board Member in August 2018. He also sits on the Board of NTUC Fairprice Co-operative Limited and Next 50 Limited. In addition to being a member of the Listings Advisory Committee of the Singapore Stock Exchange, Mr Ong also serves on the Advisory Board of the Lee Kong Chian School of Business at the Singapore Management University (SMU) and of the Sim Kee Boon Institute for Financial Economics, also at SMU. Previously, he was a council member of the Securities Industry Council and committee member of the 1st Capital Markets Committee of the Monetary Authority of Singapore.
Mr Lim Boon Heng, Chairman, NTUC Enterprise, said, “Ronald is an eminent business leader. I am confident that Ronald will lead Income to greater success, delivering value and accessibility of insurance to all Singaporeans.”
Mr Lim added, “I want to thank Stephen for his contributions to Income for the past five years. Under his stewardship, Income continues to stay true to its mission and has made significant progress to become a digital insurer.”
“It has been my privilege and a great honour serving on the Income Board,” said Mr Stephen Lee. “Steering Income over the last five years has been challenging and rewarding. Income today is a progressive social enterprise and market leader. This will not be possible without the unwavering support of my fellow directors and I would like to thank them for their commitment.”
Mr Lee added, “With Ronald taking the helm as Chairman, I have no doubt that Income’s momentum for growth and transformation will continue.”
Mr Ken Ng, Income’s Chief Executive, welcomed Mr Ong’s new appointment.
“I am pleased to welcome Ronald as Chairman of Income. We will benefit from his wealth of experience and strong track record. I look forward to working with Ronald as we accelerate digitalisation, innovation and growth at Income.”
Mr Ronald Ong said, “It is a great honour to serve Income as its Chairman, catering to the financial and protection needs of two million policyholders. I look forward to working with my fellow directors on the Board, building on Income’s trusted value proposition as a social enterprise.”
