UOB has appointed Adaline Zheng as the new Chief Executive Officer of UOB China, effective July 1, 2026, as the bank strengthens its cross-border banking capabilities and deepens connectivity between China and ASEAN.
Zheng succeeds Peter Foo, who is retiring after 15 years with the bank, having played a key role in building UOB’s China-ASEAN connectivity business.
UOB Deputy Chairman and Chief Executive Officer Wee Ee Cheong said China remains a major driver of trade, investment and cross-border flows with ASEAN, and the bank is committed to enhancing its capabilities to better support customers’ regional expansion plans.
With more than 20 years of banking experience across mainland China and Hong Kong, Zheng joined UOB China in 2018 as Head of Wholesale Banking, overseeing Corporate Banking, Commercial Banking, Financial Institutions, Structured Trade and Commodity Finance, Transaction Banking and Investment Banking.
In March 2024, she was appointed CEO of UOB Hong Kong Branch after holding various senior leadership roles in wholesale and investment banking at a multinational bank.
As CEO of UOB China, Zheng will oversee the bank’s operations in mainland China, drive its strategic priorities and strengthen its cross-border banking capabilities to facilitate greater connectivity between China and ASEAN.
Headquartered in Shanghai, UOB China was incorporated in 2007 and operates across key economic regions in mainland China, offering wholesale banking and global markets services while leveraging UOB’s regional network to support clients’ cross-border trade and investment activities.
Wee said Zheng’s deep regional experience and strong capital markets background position her well to lead UOB China into its next phase of growth while further strengthening long-term customer relationships.
