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# UOB's Leong Yung Chee Assumes Group CFO Role as Lee Wai Fai Steps Down After 20 Years
- URL: https://www.theglobalbanker.com/uob-leong-yung-chee-group-cfo-lee-wai-fai-retires-april-2025/
- Published: 2025-04-22T18:11:00.000Z
- Updated: 2026-10-02T14:36:13.000Z
- Description: Leong Yung Chee officially became UOB Group CFO on 22 April 2025, as Lee Wai Fai retired after two decades in the role and Edmund Leong assumed leadership of Group Corporate Banking.
- Author: TGB Editorial Team
- Tags: Executive Moves, Asia-Pacific, #archive

United Overseas Bank's Leong Yung Chee formally assumed the position of Group Chief Financial Officer on 22 April 2025\. The appointment brings to a close the tenure of Lee Wai Fai, who had served as Group CFO since 2005 and is retiring from the CFO role after two decades; he will continue to oversee UOB's Corporate Real Estate and Services function and UOB Asset Management. UOB had announced the changes on 13 December 2024, alongside a concurrent senior appointment in its corporate banking division.

His tenure included UOB's acquisition of Citigroup's consumer banking franchises across South-East Asia. 

#### CONCURRENT CHANGES IN GROUP CORPORATE BANKING

Alongside the CFO succession, UOB confirmed that Edmund Leong has assumed the role of Head of Group Corporate Banking effective 22 April 2025, in addition to his existing role as Head of Group Investment Banking.