Announcing the appointment of Datuk Yee Yang Chien as its new board chairman, from October 1, 2024, Maybank Singapore said that outgoing Chairman Karuna Karan steps down; he retires officially from the Maybank Group after dedicating six years of tenure as chairman to this hallowed position.
Datuk Yee Yang Chien brings a rich experience to the position he now occupies, having first been appointed as a non-independent non-executive director of Maybank on November 24, 2023. Underneath his leadership experience lies nearly two decades in MISC Berhad, one of Malaysia’s most established shipping conglomerates. At MISC, he held various senior positions, that include, president and CEO, COO, and vice president of corporate planning. Datuk Yee serves as president and group CEO of MISC.
Most likely, Yee’s wealth of experience from shipping and logistics will be an added benefit for the company, Maybank Singapore. His experience in corporate planning and operational management will more than likely make the focus on innovation and growth within the company even stronger within an increasingly competitive financial landscape.
In his new role, Yee will guide the board on strategic initiatives of Maybank Singapore, better governance practices, and risk management frameworks. The appointment comes at a very critical time for the bank to seek further expansion of operations and improve offerings for customers in Singapore and other parts of the region.
He is an important milestone to Maybank Singapore, said the bank. Behind him comes a wealth of experience in leadership and corporate strategy: An individual who has overseen vast change and continually driven the company through its evolution into what it is now.
He took up all the key responsibilities during his tenure to ensure that Maybank Singapore was transformed into the new vision-a focus of innovation, customer-centric services, and sustainable banking. His leadership will forever be remembered as part of the organization. The board is thankful for this fantastic service.
As Maybank Singapore moves forward into the future, Yee will be called upon to leverage his acumen and industry experience to drive cooperation and strategic efforts furthering the commitment of the bank to extraordinary value delivery to its stakeholders.
This appointment is in line with the Maybank overall strategy that will spur improvement in the leadership competencies as well as development that will be in response to rapidly shifting market dynamics. Banking remains committed to investments within talent and leadership that can nudge the organisation towards sustainable growth and long-term success.
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