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. * This article was first published in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.
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