UOB has appointed Leong Yung Chee, its current head of group corporate banking, as its next group chief financial officer (CFO), the bank said on Friday (Dec 13).
On Apr 22, 2025, he takes over from current CFO Lee Wai Fai, who is retiring from his CFO role after 20 years. Leong will work with Lee as CFO-designate with immediate effect.
Leong joined UOB in 2016 as head of group corporate banking after 15 years with several international banks. He has 25 years of experience in financial services, including leadership positions in corporate and investment banking, mergers and acquisitions, strategic transformation and restructuring.
As CFO, he will guide UOB’s financial strategy and oversee key functions, including finance, treasury and data management.
Lee, who became CFO in 2005, will continue to oversee Corporate Real Estate and Services and UOB Asset Management after the handover. He is a 35-year veteran of UOB, and has held a range of senior positions there, including head of international division, deputy chief executive officer of UOB Radanasin Bank, and head of financial control.
Wee Ee Cheong, the bank’s deputy chairman and chief executive officer, said, “As part of our commitment to creating long-term value and addressing the evolving needs of our growing regional customer base, we are refreshing our senior management team to ensure leadership continuity and to drive progressive growth.”
The move will enable the bank to scale its Asean franchise and deliver “sustainable value” to all stakeholders, he added.
Edmund Leong, who has 16 years specialising in capital markets and who joined the bank in 2015, will take over from Leong as head of group corporate banking. The move is also effective on Apr 22. He will continue in his current position as head of group investment banking.
Earlier this year, UOB appointed Susan Hwee as head of group retail, and Lawrence Goh, as head of group technology and operations. Then-head of group retail, Eddie Khoo, retired from the role to become senior adviser to UOB Vietnam.
Shares of UOB ended trading on Friday up 0.3 per cent or S$0.1 at S$37.35, before the update.
