has multiple issues . please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . december 2009 learn how and when to remove this template message this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . february 2012 learn how and when to remove this template message learn how and when to remove this template message oversea chinese banking corporation limited type public company traded as sgx o39 industry financial services founded 1932 ; 84 years ago 1932 headquarters ocbc centre singapore area served south east asia key people ooi sang kuang chairman 1 samuel tsien ceo products consumer banking corporate banking investment banking global wealth management asset management insurance net income s 1 962 million fy2009 total assets us 302.9 billion 2015 2 total equity s 20 billion subsidiaries refer to subsidiaries website www.ocbc.com the ocbc centre located on the southern bank of the singapore river houses the corporate headquarters of ocbc bank . oversea chinese banking corporation limited sgx o39 otc pink ovchy simplified chinese abbreviated as ocbc bank is a publicly listed financial services organisation with its head office in singapore . although publicly listed ocbc bank s largest shareholder is the lee group of companies . ocbc was founded by lee kong chian in 1932 and his son lee seng wee also served as chairman . ocbc bank has assets of more than 224 billion sgd . based on bloomberg in 2011 ocbc is the number one of world s strongest 100 billion assets banks . 3 the oversea chinese usage leads many to believe mistakenly that the bank s name is misspelled but this is the correct traditional spelling . although it is asserted that this is the correct spelling oversea rather than overseas which is the correct use of the word in generic english sounds uncomfortable and clumsy to native english speakers . the bank s global network has grown to comprise subsidiaries branches and representative offices in 18 countries and territories . it has retail banking subsidiaries in malaysia indonesia hong kong and china and branches in china hong kong japan australia the uk and us . ocbc s indonesia subsidiary bank ocbc nisp has 630 branches and offices . 4 contents 1 history 2 subsidiaries 2.1 ocbc securities 2.2 great eastern holdings 2.3 lion global investors lgi 2.4 bank of singapore 2.5 singapore island bank 2.6 bank ocbc nisp 2.7 ningbo commercial bank 2.8 ocbc al amin bank berhad 2.9 ocbc bank china 2.10 ocbc wing hang bank 2.11 select securities limited hong kong 3 citations and references 4 external links history edit former ocbc bank in south bridge road singapore . in 1932 three banks chinese commercial bank 1912 ho hong bank 1917 and oversea chinese bank 1919 merged to form oversea chinese banking corporation under the leadership of lee kong chian . in the subsequent decades the bank expanded its operations and became the largest bank in south east asia . in 1942 during world war ii all the local banks in singapore closed briefly during the early days of the japanese occupation . by april 1942 most banks including ocbc had resumed normal operations . in indonesia the japanese occupation authorities closed ocbc s branches in sumatra . during the war the bank moved its head office to bombay india and only re registered back in singapore after the war ended . 5 ocbc s branch in xiamen survived the war and in the 1950s ocbc was one of only four foreign banks to have branches in china . 6 after the war ocbc re established its branches in djambi jakarta and surabaya . however in 1963 conflict between indonesia and malaya which then included singapore resulted in the closure of ocbc s branches there . that same year the revolutionary government in burma nationalised ocbc s two branches there which became people s bank no. 14 . 7 the bank was criticised for not expanding fast enough to meet the needs of the post war chinese business community especially in the smaller towns of malaya . one of the critics was tan khoo teck puat who subsequent resigned to set up malayan banking . by 1970 ocbc s total assets exceeded 1 billion sgd making ocbc the largest financial institution with the biggest deposit base in singapore . in 1972 ocbc acquired four seas communications bank the oldest surviving bank in singapore . the bank had been founded in 1906 as the sze hai tong bank and its founders had targeted the teochew community . the bank had branches in hong kong and in bangkok where it had become the first chinese bank there when it opened its branch in 1909 . the next major acquisition occurred in 2001 when ocbc bank acquired keppel capital holdings and all its subsidiaries including keppel tatlee bank keppel securities and keppel tatlee finance . the next year ocbc operationally and legally integrated keppel tatlee bank . in 2003 ocbc merged ocbc finance into ocbc bank . the official opening of e2 power s cyberjaya office occurred in 2004 . the same year saw the unofficial opening of ocbc bank s new corporate hq in kuala lumpur and announced merger of asset management operations of oam with straits lion asset management . ocbc opened an off shore branch in brunei . 2007 commencement of business of ocbc china bank . 2008 acquired 67 % shareholding in pacificmas berhad . subsidiaries edit main branch of ocbc ocbc bank tampines centre located in tampines central singapore ocbc bank malaysia branch head office in kuala lumpur . ocbc bank in ipoh malaysia . ocbc wing hang bank queen s road central branch in hong kong . ocbc securities edit ocbc securities private limited is a wholly owned subsidiary of ocbc bank and is a member of the singapore exchange securities trading limited sgx st and the singapore exchange derivatives trading limited sgx dt . great eastern holdings edit for more details on this topic see great eastern life . in 2004 ocbc acquired great eastern holdings geh following a voluntary cash offer . geh had 53.1 billion in assets and 3.8 million policyholders as at 30 september 2010 . geh operates two distribution channels the tied agency force and bancassurance . the company also operates in china indonesia vietnam and brunei . lion global investors lgi edit ocbc launched lgi in september 2005 following the merger of the asset management arms of ocbc bank and great eastern holdings . lion global investors had total assets under management of about s 29.4 billion as at 30 september 2010 . 8 bank of singapore edit bank of singapore formerly ing asia private bank is a wholly owned private banking subsidiary of ocbc bank . with a branch in hong kong and offices in manila and dubai bank of singapore serves high net worth individuals and wealthy families of china europe hong kong indonesia japan korea malaysia the middle east the philippines singapore taiwan and thailand as well as global non resident indians . ocbc acquired ing asia private bank on 29 january 2010 and renamed it bank of singapore . singapore island bank edit singapore island bank limited is a full licensed bank and a wholly owned subsidiary of ocbc bank . singapore island bank has s 100 million in capital and is governed under the banking laws and regulation in singapore . it houses finatiq which operates as an internet bank . singapore island bank was formerly known as bank of singapore and ocbc acquired it in 2000 . on 29 january 2010 ocbc bank completed its acquisition of ing asia private bank and renamed it bank of singapore . ocbc renamed the bank that housed finatiq singapore island bank to differentiate these two separate businesses to avoid confusion . bank ocbc nisp edit main article bank ocbc nisp in 2004 ocbc bank acquired a 22.5 % stake in pt bank nisp tbk bank nisp its joint venture partner in pt ocbc indonesia since 1996 . with the completion of this transaction bank nisp became an associate company of ocbc bank . bank nisp was ranked the 12th largest indonesian bank by assets and had a network of 135 branches and offices and over 3 000 shared atms . in the same year ocbc bank purchased an additional 28.5 % stake in bank nisp raising its shareholding in bank nisp to 51 % . ocbc bank subsequently raised its stake to 70.62 % in 2005 . by 2008 it had increased its stake in bank nisp to 74.73 % . in 2008 bank nisp changed its name to bank ocbc nisp . as of 30 september 2010 bank ocbc nisp had 5 995 employees total assets of rp 40.2 trillion and served customers through a network of 411 offices in 62 cities and 576 atms throughout indonesia . its customers could also use more than 37 500 atms including atms belonging to atm bersama bank central asia ocbc bank in singapore and bankcard in malaysia . subsequently in november 2010 ocbc indonesia merged with ocbc nisp . 9 ningbo commercial bank edit in 2006 the bank acquired a 12.2 % stake in china s ningbo commercial bank . ocbc al amin bank berhad edit ocbc wholly owns ocbc al amin bank which offers islamic banking products and services in malaysia . ocbc had offered islamic banking products and services since 1995 . finally on 1 december 2008 ocbc launched ocbc al amin bank berhad . ocbc al amin offers products and services based on the applicable shariah contract and with the endorsement of the shariah advisory committee . ocbc bank china edit ocbc china has 17 branches on the mainland and in hong kong . ocbc s presence in china dates back to 1925 when it opened a branch in xiamen . in 2007 ocbc established its wholly owned subsidiary with headquarters in shanghai . ocbc wing hang bank edit main article ocbc wing hang bank in march 2014 ocbc bank offered to pay nearly us 5 billion for wing hang bank one of hong kong s last family owned banks . 10 wing hang is the eighth largest lender in hong kong . it has 42 branches in hong kong 15 on the mainland and 13 in macau . under the hong kong companies ordinance ocbc bank with 97.52 percent of wing hang s shares compulsorily acquired wing hang on 29 july 2014 . on 1 october 2014 wing hang bank was rebranded as ocbc wing hang bank to reflect its integration into the ocbc family . 11 select securities limited hong kong edit in november 1960 ocbc established an investment holding company named as select securities limited . the company is based in hong kong hong kong . select securities limited operates as a subsidiary of oversea chinese banking corp. ltd. citations and references edit citations dr cheong choong kong to retire as chairman of ocbc . the edge singapore . retrieved 31 october 2014 . the world s biggest public companies . forbes . canadians dominate world s 10 strongest banks . retrieved 3 may 2012 . ocbc is nation s oldest local bank . the straits times . 11 august 2015 . retrieved 15 november 2015 . straits times 31 oct 1972 p. 4 . october 31 1972 . retrieved 15 november 2015 china eases rules for foreign banks . the straits times p. 3 . 24 december 1984 . retrieved 15 november 2015 . turnell 2009 p. 226 . ta investment declares unit split for ta