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Alliance Bank Appoints Kellee Kam as Group Chief Executive Officer, Succeeding Joel Kornreich

Kuala Lumpur, 13 July 2022 - Alliance Bank Malaysia Berhad (“Alliance Bank” or “the Bank”) today announced the appointment of Mr Kellee Kam Chee Khiong as Group Chief Executive Officer (“Group CEO”) effective 1 September 2022. He will succeed Mr Joel Kornreich, who will complete his tenure as Group CEO of the Bank on 31 August 2022.

Tan Sri Dato’ Ahmad bin Mohd Don, Chairman of Alliance Bank, said, “The Board and I would like to congratulate Mr Kam on his new role as the Group CEO and we look forward to welcoming him to Alliance Bank. We are confident that he will be able to lead the Bank to greater heights while keeping the Bank safe in the face of any adversities and challenges that may come.”

Mr Kellee Kam, 48, will join Alliance Bank after stepping down as Chairman and independent director of Bank of America Malaysia Berhad where he served since 2016. He has over 23 years of experience in the banking industry and culminated with him serving as the Group Managing Director of the RHB Banking Group from 2011 to 2015. Prior to that role, he held various other senior roles within the RHB Banking Group including Group Chief Financial Officer, Head of Group Strategy and Corporate Finance, among others.

On accepting his new role, Mr Kellee Kam said, “I am honoured and grateful to have been given the opportunity to be part of Alliance Bank. I am very excited to join the Bank at a significant point in its journey. I would like to congratulate Mr Kornreich and his team on successfully leading the Bank through the challenging COVID-19 environment and putting the Bank on good footing coming out of it. I am committed to continue to build on Alliance Bank’s strong foundations and exciting potential to further elevate it as a progressive financial institution.”

Tan Sri Dato’ Ahmad thanked Mr Kornreich for his contribution to Alliance Bank. He said, “The Board and I would like to thank Mr Kornreich for the progress and achievements since he joined. In his 7.5 years as the Group CEO, Mr Kornreich 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.”

Reflecting on his tenure, Mr Kornreich said, “I am very proud of all we have achieved thanks to the superb work of all my Alliance Bank colleagues in the past 7.5 years to serve our clients with distinction and care, and to digitise our services. Together, we have built on the achievements of those who came before us, and I know this terrific team will ensure the bank will continue to build on its successes and create sustainable value under Mr Kam’s leadership."

“I am very grateful for the firm trust and support I have received throughout the years from our Board, shareholders and regulators. I am thankful to the teams at Bank Negara, who have guided us with great professionalism and helped us make the bank better and safer.”

“Last but certainly not least, my sincere appreciation goes out to all Alliance Bank customers for trusting us with their financial wellbeing. It has been a privilege to be allowed to serve all of you.”


About Alliance Bank Malaysia Berhad

Alliance Bank Malaysia Berhad and its subsidiaries, Alliance Investment Bank Berhad and Alliance Islamic Bank Berhad, is a dynamic, integrated financial services group offering banking and financial solutions through its consumer banking, SME banking, corporate and commercial banking, Islamic banking, investment banking, and stockbroking business. The Bank provides easy access to its broad base of customers throughout the country via multi-pronged delivery channels that include retail branches, Privilege Banking Centres, Business Centres, and Investment Bank branches, as well as mobile and Internet banking.

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