CIMB Bank Singapore announced the appointment of its new chief executive officer (CEO), Victor Lee Meng Teck.
Lee, a Singaporean, is also the CEO of CIMB Group commercial banking. He has more than 20 years of experience in the retail and commercial banking sectors across Singapore, Malaysia, Thailand and Indonesia.
Part of Lee’s vision will be to diversify the business franchise and grow four main pillars of the business. These are areas of partnerships, technology, sustainability and most importantly, to focus on its customers, both external and internal. These pillars will cut across the various segments of the bank, such as consumer and wholesale banking, along with its investment and private banking.
“I am excited to step into this role and to continue my journey with CIMB back in Singapore. CIMB is established regionally to have a strong foothold in ASEAN and I intend to deepen that foothold especially in Singapore, where we have a deep Treasury business. We have flourished in the past 10 years, and my vision for the coming year is to focus on our people, both our staff and our customers. They are an important asset to our business, and it is an area I am most looking forward to develop,” shared the new CEO.
Lee takes over the helms from his predecessor, Mak Lye Mun, who was the CEO of CIMB Bank Singapore for 10 years before retiring.
Re-disseminated by The Asian Banker