UOB announced that Leong Yung Chee will succeed Lee Wai Fai as Group Chief Financial Officer (CFO).
Lee, who has served as CFO for 20 years, will retire from the role on 21 April 2025.
Leong, currently Head of Group Corporate Banking, will officially assume the CFO role on 22 April 2025 and will work alongside Lee as CFO-designate with immediate effect to ensure a smooth transition.
He brings 25 years of experience in the financial services sector, including leadership roles in corporate and investment banking, mergers and acquisitions, strategic transformation, and restructuring.
Since joining UOB in 2016, he has managed relationships with large corporate clients across the bank’s 19 markets, including its key regions in Southeast Asia and Greater China.
As CFO, Leong will oversee the bank’s financial strategy, aligning it with UOB’s efforts in business transformation and innovation.
His responsibilities will include managing core functions such as finance, treasury, and data management.
Edmund Leong, currently Head of Group Investment Banking, will take over as Head of Group Corporate Banking from 22 April 2025, in addition to his existing responsibilities.
After stepping down as CFO, Lee will continue to oversee UOB’s Corporate Real Estate and Services and UOB Asset Management.
Lee has been with UOB since 1989 and has held several senior roles, including Head of International Division, Deputy Chief Executive Officer of UOB Radanasin Bank, and Head of Financial Control, before being appointed CFO in 2005.
UOB highlighted Leong’s extensive experience, stating that it “will position him well to align our financial strategy with business transformation and innovation.”
The bank added that the leadership transition will enable it to “scale our ASEAN franchise and deliver sustainable value to all stakeholders.”
