KUALA LUMPUR (July 13): Alliance Bank Malaysia Bhd announced the appointment of Kellee Kam Chee Khiong as its new group chief executive officer, effective Sept 1, to succeed Joel Kornreich, who will be completing his tenure on Aug 31 after over seven years of service.

In a filing with the Bursa Malaysia, Alliance Bank said the 48-year-old will step down as chairman and independent director of Bank of America Malaysia Bhd (BoA), where he served since 2016. 

Prior to BoA, Kam, who has over 23 years of experience in the banking industry, was the group managing director of RHB Banking group between 2011 and 2015.

He also held various other senior roles within the RHB Banking group, previously serving as group chief financial officer, and head of group strategy and corporate finance, amongst others.

“We are confident that Kellee will be able to lead the bank to greater heights, while keeping the bank safe in the face of any adversity and challenge that may come,” said Alliance Bank’s chairman Tan Sri Ahmad Mohd Don.

“The board and I would like to thank Joel for the progress and achievements since he joined (us). In his 7.5 years as the group CEO, Joel has built the Alliance Bank franchise into a progressive and resilient business.

“He has strengthened the risk culture and internal processes and instilled a set of solid corporate values, in particular the Alliance Way principles that have continued to guide us in doing business with integrity and in a sustainable way,” he added.

Shares of Alliance Bank closed two sen or 0.6% lower at RM3.28 on Wednesday (July 13), giving it a market capitalisation of RM5.08 billion.

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