Ng Chuey Peng

Head, Global Commodities Finance
Oversea-Chinese Banking Corporation Limited

IBF Fellow (2018)

Corporate Banking

"The commodities business is a daily lesson in change management. Skills alone can help us meet our clients’ needs of today, but it’s tenacity and nimbleness to constant change that will enable us to answer their needs of tomorrow."

Biography

Ng Chuey Peng is a pioneer in commodity structured finance in Singapore, having started her career with a boutique commodity bank (MeesPierson N.V) early in the 1990s. Armed with the expertise, she went on to build and grow the business for some of the largest European commodity banks (Fortis Bank S.A/N.V., BNP, ABN Amro Bank N.V) in Asia.

 She held management and leadership roles with regional responsibilities, nurtured and groomed future generation commodity bankers, creating a specialised financing know-how that is integral to the ecosystem supporting Singapore's reputation as one of the world's largest commodity hubs.

In 2014, Ms Ng joined OCBC Bank as Head of Global Commodity Finance. She established a dedicated service platform comprising specialist relationship managers, controllers and processors, offering bespoke financing solutions to a clientele pool of some of the world's largest and specialty commodity players. Today, OCBC Bank is considered an Asian specialist in Commodity Finance.

Ms Ng is a familiar face in the commodity scene, participating in industry events, sharing views and opinions with the media. She actively promotes Singapore as a uniquely efficient gateway between the East and the West and supported enthusiastically the early entrance of Chinese traders seeking an international connection. Of significance, Ms Ng's pioneering efforts and focus in attracting the iron ore traders helped plant the seeds for Singapore to evolve into what is today the largest iron trading hub in the world.

Ms Ng is a strong advocate of the MAS Consultation Paper on "Proposed Amendments to the Scope of Eligible Collateral in MAS Notice 637" to recognise Commodities as a collateral class for consideration of capital relief so that the Singapore banks are on level playing field with its European counterparts. She also contributed to the discussion in the Consultation on Trade Finance/Derivatives in one of the sub-committees (on the Future of Connectivity) organized for the Committee On the Future Economy (CFE).

Ms Ng graduated with a Bachelor of Accountancy from the National University of Singapore.