The board of Maybank Singapore Ltd (MSL) has appointed Datuk Yee Yang Chien as chairman of the MSL board effective 1 October 2024. He will succeed Datuk R. Karunakaran, who has retired from Maybank Group after six years as chairman.
Yee (pictured) was appointed as a non-independent non-executive director of Maybank on 24 November 2023 and then as a non-independent non-executive director of MSL on 15 August 2024.
Yee’s career spans both local and international financial institutions, including external and internal audit, equity research, and investment banking. He spent nearly 20 years at MISC Berhad (MISC), a publicly listed global shipping conglomerate, where he held several key leadership positions, including vice president of corporate planning, chief operating officer, and eventually president/group CEO until September 2022.
During his time at MISC, Yee led the execution of the group’s strategies, overseeing mergers and acquisitions, strategic investments and divestments, corporate bond issuance, initial public offerings, and the incubation and launch of technological and digital start-ups, according to a statement by MSL.
Maybank is Southeast Asia’s fourth largest bank by assets, with an international network of over 2,600 branches in 18 countries including all 10 Asean countries.
Maybank Singapore is one of the group’s largest overseas operations and a qualifying full bank in Singapore. As at 31 December 2023, Maybank’s total assets in Singapore were approximately S$80.25bn ($62.37bn).
