VETERAN bankers Eric Tham and Tan Jeh Wuan have been designated to the board of Raffles Health Insurance as non-executive and independent directors, with effect from Feb 1.
Commenting on their appointments, Raffles Medical Group executive chairman Loo Choon Yong said: “Their vast experience in the banking and financial sector will contribute positively to the business.”
Tan is a seasoned investment banker who spent 30 years at DBS Bank before retiring in December 2019.
Currently, he serves as chairman of the board at Daiwa House Asset Management Asia and is a director at Digital Core Real Estate Investment Trust Management and Tower Capital Asia. In addition, he holds the position of deputy chairman at the Singapore Exchange (SGX) Listing Advisory Committee.
Previously, Tan was the managing director and head of capital markets in Singapore at DBS, where he oversaw all equity capital markets fundraising transactions for the bank in Singapore. He was also a member of the DBS Singapore Management Committee from 2013 to 2019.
Throughout his career, Tan played a pivotal role in many domestic and international equity fundraising and financial advisory transactions, including initial public offerings, private placements, and rights issues.
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He also actively contributed to various financial sector work groups and committees in Singapore, including the ABS Corporate Finance Standing Committee.
Tan also served on the SGX Working Committee in the review of the SGX-ST Listing Manual from 2012 to 2013, and was a member of the SGX Securities Advisory Committee from 2018 to 2019.
In recognition of his contributions to the capital markets industry, he was conferred the title of Institute of Banking and Finance fellow, capital markets, in 2019.
Vast experience
Meanwhile, Tham brings more than 40 years of experience in banking and finance. He most recently served as the managing director of group credit for commercial banking and structure trade at UOB, where he played a key role in raising the competency levels of credit officers across the region with a structured training programme.
Prior to this role, he was the managing director of commercial banking at UOB from 2004 to 2020.
During his time at the bank, Tham spearheaded efforts in collaboration with the Monetary Authority of Singapore to implement measures that provided critical support to small and medium-sized enterprises during the Covid-19 pandemic.
Under his leadership, UOB entered into a joint venture with Temasek to form InnoVen Capital Singapore, a provider of venture debt financing to startups in China, India, and South-east Asia.
His efforts also led to the formation of UOB’s foreign direct investment advisory unit, which assisted businesses expanding beyond China, and the UOB Business Circle, a platform that facilitated networking and knowledge-sharing among second-generation entrepreneurs.
