Lee Hsien Yang joins ANZ Bank board

fishbuff1 SG

is LHY a quitter as well?

http://news.smh.com.au/breaking-news-business/lee-hsien-yang-joins-anz-bank-board-20090202-7vdh.html

Lee Hsien Yang has joined ANZ Banking Group's board following his appointment last November.

A director of Singapore Exchange Ltd, Mr Lee joined the board on Sunday.

The Fraser and Neave Ltd chairman and director of Islamic Bank of Asia Ltd was formerly chief executive of Singapore Telecommunications Ltd.

He joins Peter Hay, Alison Watkins and Sir Rod Eddington as new directors.

Sir Rod will succeed Charles Goode as chairman, probably in 2010.

ANZ has the largest Asian operations of the big Australian banks.

Fantagf SG

has he any banking experience?

angel7030 SG

has he any banking experience?

Yes, he was with DBS solving the Lemon bonds case.

Socialist SG

LHY is the odd one out in the family.

Chew Bakar SG

LHY is the odd one out in the family.

Yah, if constant remains the same.

jackrussell SG

Well the rumour has it that he was asked to leave singtelly becoz of his not so clandestine affair with his secretary. Someone blew the cover and the trauma was too much for his old man to handle. The old man got the son out of the top post before his insatiable lust gets the father into more shame. Not sure if that's true or not....but sure make for some juicy gossip.

Chew Bakar SG

I heard it was a mynah that flew into the cookoo's nest.

Fantagf SG

I heard it was a mynah that flew into the cookoo's nest.

ha ha ha. heard that he the lhy quite humsup

Chew Bakar SG

ha ha ha. heard that he the lhy quite humsup

As I said if the constant remain the same, the equation hold.

webben SG

I hope he knows how to pronounce the name of the bank. It's Ae En ZED. Not Ae En ZEE like I keep hearing on Mediacorp. A for Australia (and NZ for New Zealand), not A for America so why pronounce like that?

Chew Bakar SG

They think Zee is for Zealand. So not Zetland?

deepak.c SG

Must be the GIC or Temasek pull strings through shareholdings under one of the nominee banks, so that papa's boy can have a seat on the board.

Chew Bakar SG

Must be the GIC or Temasek pull strings through shareholdings under one of the nominee banks, so that papa's boy can have a seat on the board.

May be ANZ on the acqusition list.

deepak.c SG

There is this blogspot with his scandalous affair in StinkTel.

http://singaporeelection.blogspot.com/2006/07/lee-hsien-yang-quits-singtel.html

deepak.c SG

February 3rd, 2009

ANZ Banking Group announced today it had appointed Lee Hsien Yang as a director. Lee is currently the chairman of Singapore’s Fraser and Neave, but was previously the Chief Executive of Singapore Telecom. He is also the son of the founder of Singapore, Lee Kuan Yew, and the the brother of current Singaporean Prime Minister, Lee Hsien Loong.

Lee’s sister-in-law, Ho Ching, is the director of the Singaporean investment firm Temasek, which is a heavy investor in banking stocks across Asia, where ANZ plans to expand.

expat Says:
February 3rd, 2009 at 10:30 am

Ah, sovereign wealth fund demands board seat.

ANZ has found funding.

http://www.interest.co.nz/ratesblog/index.php/2009/02/03/anz-group-appoints-member-of-singaporean-first-family-to-board/

LKY is a good father.

Fantagf SG

lky wants face. good father or not we really do not know.