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Should Hong Leong Finance join Quek Leng Chan’s financial empire to boost its prospects?

Deepening the relationship between Hong Leong Finance and Malaysia’s Hong Leong Financial Group can help deliver long-term value for stakeholders from both sides in an increasingly complex environment

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Leslie Yee

Leslie Yee

Published Tue, Apr 8, 2025 · 06:00 PM
    • Potentially, Hong Leong Finance can better serve local SMEs that want to grow in Malaysia by being part of Malaysia's Hong Leong Financial Group.
    • Potentially, Hong Leong Finance can better serve local SMEs that want to grow in Malaysia by being part of Malaysia's Hong Leong Financial Group. PHOTO: BT FILE

    [SINGAPORE] Succession troubles surfaced recently at local-listed property and hotel group City Developments Ltd (CDL), when executive chairman Kwek Leng Beng clashed with his son and CDL’s group chief executive officer Sherman Kwek over corporate governance issues.

    Billionaire Kwek Leng Beng, 84, joined CDL’s board in October 1969 and has been the group’s executive chairman since January 1995. 

    Besides being synonymous with CDL, Kwek Leng Beng has been leading locally listed Hong Leong Finance for decades. He joined the board of what is now Singapore’s largest finance company in March 1979 and has been its executive chairman since November 1984.

    hong leong financeKwek Leng BengSingapore banksFinancial institutionsHock Lock Siew

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