Former Bursa Malaysia CEO Umar Swift to helm Hong Leong Investment Bank
KUALA LUMPUR: Hong Leong Investment Bank Bhd (HLIB) has appointed former Bursa Malaysia Bhd chief executive officer Datuk Umar Swift as its new group managing director and chief executive officer, effective Jan 1, 2027.
Hong Leong Investment Bank has announced the appointment of former Bursa Malaysia CEO Datuk Umar Swift as its new group managing director and chief executive officer, effective January 1, 2027. HLIB's parent company, Hong Leong Capital, revealed that Umar will take over from the retiring Lee Jim Leng, who has been at the helm of HLIB for over 17 years, overseeing its growth in capital markets, brokerage, and advisory services since 2009.
Tan Kong Khoon, chairman of Hong Leong Capital, praised Lee for her leadership and contributions to HLIB and Malaysia's investment banking industry, wishing her a well-deserved retirement. Umar brings extensive experience in banking, insurance, and capital markets, having previously served as CEO of Bursa Malaysia, MAA Group, and head of Enterprise Financial Services Group at Malayan Banking.
Tan expressed optimism that Umar's experience in leading financial institutions and understanding of Malaysia's capital markets will bolster HLIB's future growth. The bank expressed its pleasure at welcoming Umar to HLIB, emphasizing his valuable insights in building on the strong foundation established by Lee and the team. They look forward to working with him and colleagues to deepen client relationships, expand the business, and support clients' evolving financing and investment needs.
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