Jon Yeo Tung Kheng

Upskilling and reskilling not only ensures continued employability, it also broadens one’s perspective. One should focus on transferrable skill sets, to facilitate employability between sub-sectors within the industry, or across industries.”

Jon Yeo Tung Kheng
IBF Distinguished Fellow (2024), Compliance

Jon Yeo Tung Kheng

Chief Compliance Officer, Maybank Singapore Limited

Biography

Jon oversees the compliance functions on both a local and regional level for Maybank, and is part of Maybank Singapore’s top management team.

Jon has a demonstrated track record of outstanding professional achievement and leadership throughout his 30 years of work experience.  

Jon started his career with Keppel Bank (“KB”) in 1994 as a management trainee.  During his 7-year tenure with KB, he was instrumental in setting up the Market Risk Department, the merger with Tat Lee Bank and the integration of Allied Irish Bank’s private banking and treasury operations into Keppel TatLee Bank. 

His tenure at MUFG between 2005 and 2013 saw the Singapore Branch emerge as a two-time winner of the Best Compliance Branch in Asia. He implemented various new initiatives, including the introduction of a control room function, personal accounts dealing policy, cross border transaction guidelines and an automated Anti-Money Laundering solution. 

Under his leadership at Maybank’s compliance function, he developed an In-house Pre-Trade Clearance and Investment Holding System, and introduced a cross-border compliance framework for Maybank Group Private Wealth.  He also played an instrumental role in the local incorporation of Maybank Singapore.  In 2020, Jon led the bank to be the first foreign bank in Singapore to obtain the Data Protection Trust Mark certification by IMDA.

Jon went on to introduce machine learning and data analytics to manage money laundering and terrorism financing risk and is currently working on an MAS-led AML uplift program for Maybank.

At the industry level, Jon represented Maybank on the ABS Standing Committee on Self Governance and Compliance, the ACIP Steering Committee and the Culture and Conduct Steering Group (“CCSG”).  He is the Chairman of the two sub-committees under CCSG covering Grey Zone and Dark Patterns.

An active advocate of continuous learning, he sits on the International Compliance Association Singapore Education Advisory Board and is a guest lecturer at the Wealth Management Institute.  He is also an active speaker at local universities as well as industry forums.

bg IBF Symbol