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Alvin Lee, country CEO of Maybank Singapore and CEO of Malayan Banking Berhad, Singapore branch – Maybank Group |
Malaysian lender Maybank has promoted Alvin Lee to CEO of its operations in Singapore. Mr Lee, a long-serving wealth management executive, will become country CEO of Maybank Singapore as well as CEO of Malayan Banking Berhad Singapore branch in January 2024.
In addition, he will serve as a member of the group executive committee, reporting to Maybank’s president and group CEO Dato’ Khairussaleh Ramli. He will succeed John Lee Hin Hock, who is set to retire at the end of 2023 after 12 years with the bank.
Mr Lee has three decades of experience in the banking sector, with 11 of those years spent with Maybank. Currently, he holds the position of head of community financial services in Singapore and serves as the head of group wealth management. In his earlier roles, he was credited with managing the launch of the bank’s private wealth arm in 2013 and introducing group wealth management in 2016, which caters to affluent and high-net-worth segments.
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Paul Camp, head of transaction banking – Goldman Sachs |
Goldman Sachs has hired former Wells Fargo executive Paul Camp to lead its transaction banking unit. He will report to the bank’s treasurer, Philip Berlinski, who was assigned in September to oversee the unit alongside Akila Raman and Luc Teboul.
Mr Camp most recently served as head of global treasury management at Wells Fargo and was also previously CEO of treasury services at BNY Mellon.
His appointment follows press reports from Reuters and Bloomberg back in September stating that Goldman Sachs had dismissed several executives from the unit, including its former head Hari Moorthy, due to reported breaches of the bank’s communications policy.
Financial firms are under heightened scrutiny for employee communications. US regulators have fined dozens of Wall Street firms more than $2bn collectively for neglecting to monitor ‘off-channel’ communications such as text messages and WhatsApp.
Mr Camp will be tasked with growing Goldman Sachs’s transaction banking business, which launched in 2020 and currently constitutes a small fraction of the bank’s total revenue. The unit generated $233m during the first nine months of 2023, contrasting with the bank’s overall revenue of $35bn during the same period.
Tommy Rueger, global co-head, equity capital markets – UBS
UBS has appointed Tommy Rueger, a former JPMorgan executive with 26 years of experience at the bank, as the global co-head of its equity capital markets (ECM) unit. Mr Rueger, who previously served as vice-chair in JPMorgan’s investment bank and ran its healthcare division, is set to join UBS in March and will be based in New York. He will jointly lead UBS’s ECM team with Gareth McCartney based in London.
His appointment aligns with UBS’s ongoing efforts to expand its global investment banking footprint, focusing on key sectors such as healthcare and technology, particularly in the US. In addition to incorporating around 200 senior bankers from Credit Suisse, UBS has continued to actively pursue external hires.
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Megan Cooper, chief product officer – ClearBank |
ClearBank, a UK-based provider of clearing, embedded banking and settlement services for financial institutions and corporate customers, has appointed Megan Cooper as chief product officer (CPO).
Ms Cooper joins ClearBank with more than a decade of experience in fintech, including as CPO and head of digital strategy at Barclays UK Business, and as chief platform officer at UK banking challenger, Starling Bank.
In her new role, she will be tasked with spearheading the bank’s product strategy with a view to bolstering its expansion plans into new markets.
