David Conner is retiring from OCBC after 10 years. He took over from Alex Au, the previous CEO. Alex was a Hongkie. The successor to David Conner is none other than another Hongkie, Samuel Tsien. DBS too did not have a local bred CEO for nearly two decades. The only local bank that still has a local in charge is UOB, which surprisingly is out performing the foreign run local banks if the value of its share price is an indicator.
What should be done to get our local boys and girls to be good enough to be the top dog of local banks in the banking industry? Why is it that they are all found wanting? What is so lacking in the local talents. Maybe the real talents are all into politics, making sacrifices to serve the people.
One way to make this situation less embarrassing to the Sinkie bankers and Singaporeans in general, is to include a citizenship application form when a foreigner is offer a CEO position in any large Singapore corporation. And the appointment will only be confirmed on approval of citizenship. Then all can be happy that the CEOs are Singaporeans, that Singaporeans also got talent.