Mr Lai was appointed a Director of AVJennings Limited on 18 November 2011. He has been a career banker since the late 1960s. He joined Citibank Singapore in April 1968, rising through the ranks to become Vice President and Head of the Corporate Banking Division. During his time with Citibank, Mr Lai undertook international assignments with Citibank in Jakarta, New York and London. His last position with Citigroup was as Managing Director of Citicorp Investment Banking Singapore Ltd (Corporate Finance and Capital Market Activities) from 1986 to 1987.
Mr Lai joined Oversea-Chinese Banking Corporation (OCBC) in January 1988 as Executive Vice President and Division Head of Corporate Banking. He moved on to various other senior management positions in OCBC, such as Head of Information Technology and Central Operations and Risk Management. He was head of Group Audit prior to retiring in April 2010. Mr Lai resides in Singapore.
Responsibilities
Non-Executive Director, Chairman of Remuneration Committee, Member of Audit Committee, Member of Investments Committee.
Directorships held in other listed entities:
PT Bank OCBC NISP Tbk (Commissioner) since 4 September 2008
Other Directorships:
Bank of Singapore Limited since 1 January 2020