UOB has announced the appointment of Mr. Leong Yung Chee as its new Group Chief Financial Officer (CFO), effective from April 22, 2025. Mr. Leong, currently serving as Head of Group Corporate Banking, will take over from Mr. Lee Wai Fai, who is retiring after two decades in the role.
Mr. Leong brings with him 25 years of experience in financial services, having held leadership positions in corporate and investment banking, mergers and acquisitions, strategic transformation, and restructuring. He joined UOB in 2016 after a 15-year tenure at various international banks.
In his current position as Head of Group Corporate Banking, Mr. Leong manages relationships with large corporates across UOB's 19 markets, including key regions such as Southeast Asia and Greater China. As the incoming CFO, he will guide the bank's financial strategy to support business transformation and innovation efforts across the group.
Additionally, UOB announced that Mr. Edmund Leong will assume the role of Head of Group Corporate Banking on April 22, 2025. He will continue his responsibilities as Head of Group Investment Banking alongside this new position. Mr. Edmund Leong has been with UOB since 2015 following a career focused on capital markets at several international banks.
Upon stepping down from his CFO role on April 21, 2025, Mr. Lee Wai Fai will remain involved with UOB by overseeing the Corporate Real Estate and Services function along with UOB Asset Management. His tenure at UOB began in 1989 where he held multiple senior roles before becoming CFO in 2005.
Deputy Chairman and CEO of UOB, Mr Wee Ee Cheong stated: “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."
He further added: “We extend our heartfelt appreciation to Wai Fai for his 20 years of steady stewardship as CFO... At the same time we welcome Yung Chee as the incoming CFO... His extensive experience will position him well to align our financial strategy with business transformation and innovation.”
“This transition enables us to scale our ASEAN franchise and deliver sustainable value to all stakeholders,” concluded Mr Wee Ee Cheong.