Maybank has appointed Alvin Lee Han Eng as CEO in Singapore, and CEO of Malayan Banking’s Singapore branch from 1 January 2024.
Lee will be responsible for driving the entire spectrum of operations in Singapore, one of the group’s three main Asian markets. He will report to the president and group CEO of Maybank and serve on the group’s executive committee.
Lee is currently head of community financial services (CFS) and wealth management in Singapore. He has been in the industry for over 30 years, 11 with Maybank, leading the transformation of the bank’s core CFS business through digitalisation and enhancing customer experience. He spearheaded Maybank Private Wealth in 2013, introducing wealth management in 2016 that led to growth in revenue, fund income and investment assets under management.
Khairussaleh Ramli, president and group CEO of Maybank, said that these appointments are in line with the group’s intent of ensuring a strong succession talent pipeline for senior positions, including executive committee roles.
He said: “With Alvin’s experience and track record, he is expected to steer Maybank Singapore along a similar path of impactful results both locally and regionally. With Maybank’s multi-business presence, and Singapore being the second largest contributor to the group’s business, coupled with the digitalisation developments in the financial services industry, and Maybank’s focus on sustainability and value-based financial services, Alvin will continue to lead Maybank Singapore’s transformation efforts and boost growth in line with the group’s M25+ strategic priorities.”
Alvin Lee succeeds John Lee Hin Hock who will retire at the end of the year after a career with Maybank spanning 12 years. Ramli remarked: “Under his [John’s] guidance, Maybank Singapore has not only weathered the pandemic and a volatile interest rate environment, but achieved commendable growth in profitability. Our M25+ strategic themes for Singapore, spearheaded by John, has also gained positive traction, specifically in our efforts towards regionalisation, with notable efforts going into growing the Malaysia-Singapore corridor.”
Re-disseminated by The Asian Banker