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Wee Cho Yaw Biography: Cause of death, age, wife, children, net worth and more
Feb 9, 2024
Wee Cho Yaw Biography
Wee Cho Yaw was a Singaporean billionaire businessman, chairman emeritus and honorary adviser of the United Overseas Bank (UOB), and chairman of the UOL Group.
Wee joined the board of directors of the United Chinese Bank (now the United Overseas Bank) in 1958.
He was appointed managing director of the bank two years later; and when his father Wee Kheng Chiang, founder of United Chinese Bank, retired in 1974, Wee succeeded him as chairman.
His son Wee Ee Chong succeeded him as chief executive officer of UOB. He died on 3 February 2024, at the age of 95.
Who was Wee Cho Yaw?
Born in Singapore, Wee Cho Yaw grew up in a banking family. His father founded the United Overseas Bank in 1935, and Wee Cho Yaw became part of the Board of Directors of what was then known as the United Chinese Bank in 1958.
He became Managing Director in 1960, and began to serve as CEO in 1974, when his father chose to retire.
He served as CEO until 2007, when he stepped down, and his son, Wee Ee Chong took over as CEO.
In addition to his bank interests, he has also invested in significant amounts of land through Kheng Leong, and his family owns nearly 25% of Haw Par, the company that manufacturers the pain-relieving ointment, “Tiger Palm”.
He was awarded the Public Service Star by the government of Singapore in the early 70s, and an honorary doctorate by the University of Singapore in 2008.
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