Hong Leong Bank announces Kevin Lam as new group MD and CEO, effective July 1

KUALA LUMPUR (May 15): Hong Leong Bank Bhd (HLBB) announced Kevin Lam Sai Yoke as its group managing director and chief executive officer, effective July 1.

In its filing on Monday (May 15), the group said that Lam will replace Domenic Fuda who retires as group MD and CEO on June 30.

Since 2016, Fuda has led the group’s growth by focusing on customer centric solutions, technology & digital investments and sustainability as HLBB’s strategic pillars for its current and future growth.

“I believe that now is a good time to hand over the leadership of the bank, as it embarks on its next phase of growth,” Fuda said in a statement.

“It’s been a privilege to lead HLBB through a period of significant digital and technological transformation, changes in customers’ preferences and needs, and through the unprecedented pandemic period, as well as the initial stages of the multi-year ESG (environmental, social and governance) and sustainability journey.”

Lam has over 30 years of banking, technology and leadership experience across regional and international banks in several geographies.

Before joining HLBB, he served as head of TMRW Group Digital Banking of United Overseas Bank Ltd for its key regional markets based in Singapore.

Prior to that, he has worked in various Asean markets for ten years, including in Jakarta as the president director of UOB Indonesia.

Back in KL, he headed the Personal Financial Services at UOB Malaysia and later as its deputy chief executive officer overseeing the Wholesale Banking business and Technology and Operations.

He holds an undergraduate degree in Business Administration from the National University of Singapore (NUS).

“It is an honour to succeed Domenic as the new GMD (group MD), CEO of HLBB,” Lam said.

“With the strong support from the quality and experienced management team and the stewardship of its chairman and board of directors, I believe the bank is well positioned for strong sustainable growth, domestically and regionally.”

“I look forward to leading the bank to its next phase of growth.”

HLBB’s share prices closed two sen or 0.10% higher to RM19.98 on Monday, valuing the bank at RM43.3 billion.