Malaysia Largest Bank Maybank Appoints Alvin Lee as Singapore CEO, Succeeds Dr John Lee Hin Hock Who is Retiring End of 2023 after 12 years with Maybank
9th December 2023 | Hong Kong
Malaysia largest bank Maybank (9/12/23: $23 billion market value) has announced the appointment of Head of Community Financial Services and Singapore & Head of Group Wealth Management Alvin Lee as Maybank Singapore CEO (1/1/24), succeeding Dr John Lee Hin Hock who is retiring at the end of 2023 (31/12/23) after 12 years with Maybank. Maybank: “Maybank has appointed Alvin Lee Han Eng as its Country CEO, CEO Maybank Singapore Limited and CEO Malayan Banking Berhad Singapore Branch, effective 1 January 2024. Alvin will be responsible to drive the entire spectrum of Maybank’s operations in Singapore, which is one of the Group’s three home markets. He will report to the President & Group CEO of Maybank and serve as a member of Group Executive Committee. Alvin will succeed Dr John Lee Hin Hock who will retire from Maybank Group effective 31 December 2023, after an accomplished career with the Group spanning 12 years. Alvin is currently Head, Community Financial Services (CFS), Singapore and Head, Group Wealth Management. With a banking career that spans more than 30 years, 11 of which with Maybank, Alvin has proven to be a performer, including leading the transformation of Singapore’s core CFS business, with a focus on modernisation through greater digital adoption and enhancing customers’ experience. He also spearheaded the launch of Maybank Private Wealth in 2013 and introduced Group Wealth Management in 2016 comprising of Private, Premier and Privilege customers, which led to commendable growth in revenue, fund income and investment assets under management.”
“ Malaysia Largest Bank Maybank Appoints Alvin Lee as Singapore CEO, Succeeds Dr John Lee Hin Hock Who is Retiring End of 2023 after 12 years with Maybank “
President & Group CEO of Maybank, Dato’ Khairussaleh Ramli: “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.
Under his (Dr John Lee Hin Hock) 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 Dr John, has also gained positive traction, specifically in our efforts towards regionalisation with notable efforts going into growing the Malaysia-Singapore (MY-SG) corridor.”
Malaysia Largest Bank Maybank Appoints Alvin Lee as Singapore CEO, Succeeds Dr John Lee Hin Hock Who is Retiring End of 2023 after 12 years with Maybank
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