Lee Seng Wee
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Lee Seng Wee Template:Post-nominals (Template:Zh; 4 April 1930 – 7 August 2015) was a Singaporean banker and businessman.
Early life
Lee was the third son of Lee Kong Chian, and maternal grandson of Tan Kah Kee.
Lee was educated at the Anglo-Chinese School in Singapore[1] before graduating from the University of Toronto, where he studied engineering. He subsequently completed a Master of Business Administration degree at the University of Western Ontario, where he topped his class.[2]
Career
Upon returning to Singapore, Lee joined the Lee Rubber Company and rose to the position of vice-chairman. He subsequently became a director of the second-largest bank in Southeast Asia, OCBC Bank, where he served from 1966 to 2016, and later chairman from 1995 to 2003.[3] He orchestrated a S$2.4 billion takeover bid for Singapore's then-fifth largest bank, Keppel Capital Holdings in June 2001.[4]
In 2003, Lee stepped down as chairman and moved to a non-executive position, but continued to guide the strategic direction of the bank. Major investments and acquisitions during his long tenure include OCBC-NISP in Indonesia, OCBC China Bank, OCBC-Wing Hang in Hong Kong; the private banking business of ING Asia Bank, majority control of Great Eastern Life Insurance and a 20 percent stake in Bank of Ningbo in China. The net profit after tax for OCBC Group was almost S$4 billion for 2015.
In addition to his role in OCBC, Lee was also a director of several companies, including Lee Rubber Group Companies and Lee Foundation.[5] He served as a board member of the GIC, Singapore's sovereign wealth fund and the Council of Presidential Advisors, Singapore.
Lee was conferred the Distinguished Service Order in 2001.[6][7] In 2006, he received the Woodrow Wilson Award for Corporate Citizenship in New York for contributions to Singapore.[8]
Death
On 7 August 2015, at the age of 85, Lee died of complications arising from a head injury sustained during a fall at home.[9]
References
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