Dennis Khoo, the head of the UOB's TMRW digital group –which manages the bank's mobile-only bank operations under the TMRW brand, is leaving the bank, to "pursue other opportunities".
Dennis was responsible for the strategy, growth, and delivery of the TMRW digital group in UOB's footprint. This includes the TMRW Digital Bank, Joint-Ventures like avatec.ai, and VUI Pte Ltd to build ecosystems to support the growth of TMRW, according to his LinkedIn profile.
Bloomberg reported that a consortium backed by TikTok owner ByteDance plans to hire Dr Khoo, citing unidentified sources. The Business Times reported in January that ByteDance has applied for a digital bank license in Singapore.
Meanwhile, Kevin Lam, the current Country Chief Executive of UOB Indonesia, has been appointed to lead the TMRW digital group, UOB said.
Joined UOB in 2005, Lam has held leadership roles over the years across different functions and markets, including in personal financial services, wholesale banking, and technology and operations. Before his appointment in Indonesia in 2016, he also spent six years in UOB Malaysia,.
Before joining UOB, he worked in various international banks and technology companies based in Singapore, Hong Kong, and the United States.
TMRW is the first mobile-only bank designed for ASEAN millennials who prefer to bank on their mobile phones, anywhere, and at any time. It was first rolled out in Thailand in 2019, with Indonesia following in 2020.
Image source: Meninga.com