UOB hires Sentosa man to make its offices more sustainable
If you work for UOB, your office environment could get greener in the near future. Dr Richie Lee has joined the Singapore lender as head of sustainability for corporate real estate services.
He spent the previous 10 months at Sentosa Development Corporation – the statutory board responsible for the resort island – as director of sustainability, and has more than 20 years of experience at startups and multinationals, working in energy efficiency, sustainability, and renewable energy.
Lee, who has a PhD in Technology Management from Cambridge University, is currently the co-founder of two startups, focused on water purification and sustainability consulting, respectively.
While Lee is focused on UOB’s internal operations, the bank has also been hiring for client-facing sustainability roles. As we were the first to report, Melissa Moi joined in January from Bank of America as head of sustainable business.
Moi’s appointment follows UOB’s decision last year to increase its focus on sustainability. The bank’s Q3 2021 results presentation noted that it is on track to reach by this year its initial goal to build a sustainable finance portfolio of $15bn by 2023. By the end of Q3 it had approved $14bn in sustainable financing. In April last year, UOB appointed Eric Lim into the newly created position of chief sustainability officer.
UOB isn’t the only firm in Singapore hiring in ESG (environmental, social, and governance). Last month, Eleonore Dachicourt joined BNP Paribas Wealth Management as head of sustainable and responsible investments for Asia. Deutsche Bank is recruiting for an ESG centre of excellence in the Republic. In September last year, Citi named Raphael Erasmus as its head of sustainability and corporate transitions for Asia Pacific, a newly-created, Singapore-based role.
Abrdn, BNP Paribas Asset Management, NNIP, Nordea Asset Management, Robeco and Schroders have set up sustainability hubs in Singapore, or have announced their intention to do so, according to a survey published in November by the Monetary Authority of Singapore. BlackRock, Fidelity International and Fullerton now have global or Asia Pacific regional ESG heads in Singapore to “drive their sustainable investing strategies and stewardship activities”. In December, Eastspring Investments, the Singapore-based asset management business of Prudential plc, announced it had hired Stuart Wilson as head of sustainability.