Maybank Singapore appoints Alvin Lee as new CEO

Lee is currently head of group wealth management and community financial services.

Maybank has named Alvin Lee as its new country CEO in Singapore, effective 1 January 2024.

Lee succeeds John Lee Hin Hock, who is retiring from Maybank effective 31 December.

Currently, Lee is head of community financial services (CFS), Singapore; and head of group wealth management.

Lee’s banking career spans over three decades, 11 of which were spent in Maybank. He reportedly led the transformation of Singapore’s core CFS business, with a focus on modernisation through greater digital adoption and enhancing customers’ experience. 

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Lee also spearheaded the launch of Maybank Private Wealth in 2013 and introduced group wealth management in 2016.

President & Group CEO of Maybank, Dato’ Khairussaleh Ramli said that these appointments are in line with the Group’s strategic intent of ensuring 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,” Maybank president & CEO Dato’ Khairussaleh Ramli said, commenting on the appointment. 

“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,” Ramli added.

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He also thanks Dr. John Lee Hin Hock for his tenure in Maybank.

“Under his 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,” he said.