Tjong Yik Min retires as Yeo Hiap Seng group CEO and executive director

He will be will be succeeded by Melvin Teo Tzai Win.

Yeo Hiap Seng announced the retirement of Tjong Yik Min as group chief executive officer.

Mr Tjong, 62, was responsible for the group's business operations and strategic planning.

Mr. Teo has extensive experience in a number of key banking areas such as institutional banking, corporate finance, private equity, risk, finance, and operations. Prior to joining Yeo Hiap Seng, he served as the president director of PT Bank DBS Indonesia since October 2012, and he was the CEO of DBS Bank China from January 2010 to September 2012. He joined DBS Bank in July 2005 and was involved in several of the bank’s key initiatives, according to a Yeo Hiap Seng report.