Digital & Technology

UOB’s Head of Digital Bank to Depart

Dennis Khoo, Head of TMRW Digital Group by UOB, is reportedly leaving his role in order to join a consortium applying for a Singaporean digital bank licence.

The consortium being joined by Khoo is backed by TikTok owner ByteDance, according to a report by the Business Times. Kevin Lam, President Director for UOB’s Indonesian operation, is said to be replacing Khoo in his previous role.

Lam joined UOB in 2005, initially as the firm’s Head of Loans in Singapore, according to his LinkedIn. He relocated to Malaysia in 2011 as UOB’s Country Head of Personal Financial Services, before taking up his Indonesian role in 2016.

Prior to his affiliation with UOB, Lam held several roles with firms such as Standard Chartered Bank, HSBC and Ebiz Solutions, an online e-trading software company, having begun his career with Citi in 1992, based across Singapore and the USA during his time with the firm.

Khoo first joined UOB in 2013, initially as Managing Director and Head of Personal Financial Services, Singapore, according to his LinkedIn. He was appointed to his role as Group Head of TMRW Digital Group in Q1 2017.

He roles span organisations such as Standard Chartered Bank,, an alternative credit scoring joint venture, and VUI Singapore, a loyalty and payments joint-venture with the VIG Group as entry strategy and vehicle for UOB's TMRW digital bank in Vietnam, according to Khoo’s LinkedIn.