KUALA LUMPUR, 15 May 2023 – Hong Leong Bank Berhad (“HLBB” or the “Bank”) today announced the change in its Group Managing Director/Chief Executive Officer (“GMD/CEO”).
Domenic Fuda (“Domenic”) will be retiring as GMD/CEO effective 30 June 2023. Mr Kevin Lam Sai Yoke (“Kevin”) will succeed Domenic as GMD/CEO effective 1 July 2023.
Since joining HLBB in 2016, Domenic has spearheaded the growth of HLBB, with a very strong focus on customer centric solutions, technology & digital investments and sustainability as strategic pillars for its current and future growth. Under Domenic’s leadership, the organisation has seen transformation in delivery channels, strong compliance and risk management foundations and industry leading strategic initiatives in ESG, as well as leading financial metrics in productivity and consistent returns.
Domenic added “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. 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/sustainability journey”.
The Board of Directors would like to express its gratitude to Domenic for his leadership and achievements, and wish him success as he embarks on the next phase of his life. The Board is pleased to welcome Kevin as the new GMD/CEO to lead the Bank on its next phase of growth.
Kevin brings with him over 30 years of banking, technology and leadership experience across regional and international banks in several geographies. Prior to joining HLBB, Kevin served as the Head of TMRW Group Digital Banking of United Overseas Bank Limited (“UOB”), for its key regional markets based in Singapore. Prior to that, he worked in various Asean markets for a decade including in Jakarta as the President Director of UOB Indonesia, and in Kuala Lumpur where he headed Personal Financial Services at UOB Malaysia and later served as its Deputy Chief Executive Officer where he oversaw its Wholesale Banking business and Technology and Operations. Previously, he had also headed consumer banking loans, sales and distribution in Singapore with UOB, after time with various international banks and technology firms based in Singapore, Hong Kong and the USA.
Kevin holds an undergraduate degree in Business Administration from the National University of Singapore.
Kevin said “it is an honour to succeed Domenic as the new GMD/CEO of HLBB. 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.”