KUALA LUMPUR: Hong Leong Capital Bhd
(HLCB) has appointed former Bursa Malaysia chief executive officer Datuk Umar Swift as group managing director and chief executive officer of Hong Leong Investment Bank Bhd (HLIB), effective Jan 1, 2027.
In a statement, HLCB said Umar, 62, will succeed Lee Jim Leng, who is retiring after more than 17 years with the group.
Lee has served as HLIB's group managing director and CEO since 2009, overseeing its operations across capital markets, stockbroking and advisory services.
She has also held various roles at the Malaysian Investment Banking Association, Asian Institute of Chartered Bankers, Securities Industry Development Corporation and investED.
Umar previously served as CEO of Bursa Malaysia and CEO and group managing director of MAA Group Bhd.
He was also formerly head of the Enterprise Financial Services Group at Maybank.
HLCB chairman Tan Kong Khoon thanked Lee for her contributions to the group and the investment banking industry.
He said Umar's experience in banking, insurance and capital markets would support HLIB's business development and efforts to strengthen client relationships.
"We look forward to working with him and our colleagues at HLIB to deepen client relationships, grow the business and support our clients' evolving financing and investment needs," he said.
