Maybank appoints Alvin Lee as Country CEO, CEO Maybank Singapore, and CEO Malayan Banking Berhad Singapore
By Gloria Mathias
Maybank has appointed Alvin Lee Han Eng as its Country CEO, CEO of Maybank Singapore and CEO of Malayan Banking Berhad Singapore Branch, effective 1st January, 2024.
Alvin will be responsible for driving 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 and group CEO of Maybank and serve as a member of the Group Executive Committee.
Alvin will succeed Dr John Lee Hin Hock who will retire from Maybank Group effective 31 December 2023, after a career with the Group spanning 12 years. Alvin is currently Head, of Community Financial Services (CFS), Singapore and Head of 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’ experiences.
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.
President & Group CEO of Maybank, Dato’ Khairussaleh Ramli said that these appointments are in line with the Group’s strategic intent of ensuring a strong succession talent pipeline for senior positions, including for executive committee roles.
“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.”
Meanwhile, Dato’ Khairussaleh added that the Maybank Group would like to thank Dr John for his immense contributions, service, and commitment over the years in shaping a prominent organisation in this region.
IBSi Daily News Analysis
February 28, 2024
Alvin Lee Han Eng
FinTech penetration in Southeast Asia will double by 2027, research revealsRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage