Wee Cho Yaw is a Singaporean billionaire and the chairman of United Overseas Bank (UOB), one of the largest banks in Southeast Asia. He is known for expanding UOB’s presence beyond Singapore and into other countries in the region. Wee is also involved in various philanthropic activities and has made significant contributions to education and healthcare in Singapore.
Early Life and Education
Wee was born on January 10, 1929, in Quanzhou, China, and moved to Singapore with his family at the age of seven. He attended Raffles Institution in Singapore and later studied at the University of Malaya before transferring to the University of Singapore, where he graduated with a Bachelor of Arts in Economics in 1953.
Career and Achievements
After graduating, Wee joined UOB, which was then a small bank founded by his father. He started off as a clerk and worked his way up to become the bank’s managing director in 1974. Under his leadership, UOB expanded its operations beyond Singapore and into other countries in the region, including Malaysia, Indonesia, Japan, and China.
In 1995, Wee became the chairman of UOB and has since overseen the bank’s growth and expansion. UOB now has a presence in 19 countries and is one of the largest banks in Southeast Asia, with over 500 branches and offices.
Wee is also involved in various other businesses, including property development and hotel management. He is the chairman of United Industrial Corporation and owns several hotels in Singapore, including the iconic Fullerton Hotel.
In addition to his business achievements, Wee has also made significant contributions to the community. He has donated millions of dollars to various causes, including education and healthcare. He was awarded the Order of Nila Utama, Singapore’s second-highest civilian honor, in 2010 for his philanthropic work.
Wee is married with six children and is known for being a private person. He is a collector of Chinese art and has donated much of his collection to the National Art Gallery of Singapore. He is also an avid golfer and has been known to play with other business and political leaders.
|Name||Wee Cho Yaw|
|Born||January 10, 1929|
|Companies||United Overseas Bank, United Industrial Corporation|
|Net Worth||$5.5 billion|