KUALA LUMPUR: Hong Leong Bank Bhd (HLBB) has announced that Domenic Fuda will be retiring as group managing director and chief executive officer (CEO) effective from June 30.
HLBB, in a statement today, said Kevin Lam Sai Yoke would succeed Fuda on July 1.
Since joining HLBB in 2016, Fuda has spearheaded the group's growth, with a very strong focus on customer centric solutions, technology and digital investments and sustainability as strategic pillars for its current and future growth.
Under Fuda's leadership, it added, the organisation had seen transformation in delivery channels, strong compliance and risk management foundations and industry leading strategic initiatives in environmental, social and governance (ESG), as well as leading financial metrics in productivity and consistent returns.
"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," Fuda said in the statement.
Meanwhile, Lam said the bank was well positioned for strong sustainable growth domestically and regionally, with the strong support from the quality and experienced management team and the stewardship of its chairman and board of directors.
"I look forward to leading the bank to its next phase of growth," he noted.
Lam brings with him over 30 years of banking, technology and leadership experience across regional and international banks in several geographies.
Prior to joining HLBB, he served as the head of TMRW Group Digital Banking of United Overseas Bank Ltd (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 CEO, overseeing its wholesale banking business and technology and operations.