Tan Kong Khoon, as HLFG president and CEO, will be responsible for positioning the financial group for sustainable growth and profitability
KUALA LUMPUR: Hong Leong Financial Group (HLFG) has appointed Tan Kong Khoon as president and CEO with effect from Feb 5.
HLFG said on Friday Tan will be responsible for positioning the financial group for sustainable growth and profitability while leveraging on the financial group’ business diversity and strength.
The veteran banker was previously group managing director & CEO of Hong Leong Bank.
Tan, who joined Hong Leong Bank in 2013, spearheaded major strategy and technology shifts across the bank, most notably the bank’s move into the digital space
He succeeds Raymond Choong who has assumed the position of president & CEO of Singapore-listed Guocoland Ltd, a company within the Hong Leong Group.
Meanwhile, Hong Leong Bank announced the appointment of Domenic Fuda as group MD & CEO to replace Tan.
“Fuda brings with him a wealth of experience having spent the past 25 years in a variety of banking roles in Asia and Australia,” it said.
Prior to joining Hong Leong Bank, Fudac served as deputy group head of consumer banking and wealth management at DBS Bank.
He was a member of the DBS Group Management Committee, where he was responsible for driving business growth and digitisation of the business across its six regional markets.
He was also on the boards of AXS (Singapore), DBS Compass Ltd (Hong Kong) and NETS (Singapore).
Prior to joining DBS Bank, Fuda spent 16 years at Citigroup covering various senior roles.
Fuda holds an undergraduate degree from Macquarie University, Sydney and an MBA from the University of Technology, Sydney.
Tan said there were many opportunities for HLFG, adding that “to seize it, we will focus on meeting the ever changing and increasingly sophisticated needs of our customers; continuing to transform to keep pace with the market dynamics”.
“A big part of my job is to drive synergies across the group, strengthen our ability to innovate and leverage our financial discipline and strength.
“I am pleased to have Domenic on board to further strengthen our position as a leading provider of financial services and introducing even more innovative solutions to help our customers fulfill their financial aspirations,” said Tan.
Fuda said with the quality and experience of the banking group’s management team and the stewardship of its chairman and board of directors, “I believe that Hong Leong Bank is an institution poised for sustainable growth domestically and regionally”.
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