Malaysia’s Maybank has announced the promotion of a wealth management veteran to become chief executive officer of Singapore.
Maybank appoints Alvin Lee as country CEO, CEO Maybank Singapore as well as CEO Malayan Banking Berhad Singapore branch, according to a statement, effective 1 January 2024. In the role, he will serve as a member of the group executive committee and report to president and group CEO Khairussaleh Ramli.
He succeeds Dr. John Lee Hin Hock who will retire from Maybank Group, effective 31 December 2023, after 12 years with the Malaysian lender.
Lee has 30 years of banking experience, including 11 years with Maybank, currently as head of community financial services, Singapore and head of group wealth management. Previously, he spearheaded the launch of the bank’s private wealth arm in 2013 and introduced group wealth management in 2016 which covers the affluent and high net worth segments.
