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Maybank Makes Top Management Changes

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PETALING JAYA: Malayan Banking Bhd (Maybank) president & chief executive officer Datuk Abdul Farid Alias is putting his top management on a rotation of job portfolios effective July 1.

Datuk Muzaffar Hisham (pic), currently the group head of Islamic banking and CEO of Maybank Islamic, has been appointed group head of global banking; Datuk Mohamad Rafique Merican presently group chief financial officer (CFO) will take over as group head, Islamic banking and CEO of Maybank Islamic while Datuk Amirul Feisal Wan Zahir currently the group head, global banking will assume the role of group CFO.

“The objective (in doing this) is to strengthen and improve the new roles they will be assuming by bringing new ideas and further heightening the level of energy.

“There will also be continuous development in leadership skills of the appointees and it will strengthen Maybank Group’s leadership bench strength,” Abdul Farid said in a statement. “The three appointees have been strong and valuable contributors to the transformation of the Maybank Group. This move will give them the opportunity to inject fresh perspectives into their new roles,” he added.

Muzaffar has had 21 years of cumulative experience in the banking and financial services industry.

His prior stints include careers with Asian International Merchant Bankers Bhd in the corporate banking division, with Amanah Merchant Bank Bhd and Amanah Short Deposits Bhd where he handled corporate debt and financing businesses from debt syndication to advising on private debt securities.

Muzaffar was involved in the investment banking business at CIMB Investment Bank and HSBC Amanah.

Rafique who joined Maybank in 2012 has more than 20 years of experience in the corporate sector including as CFO of Tenaga Nasional Bhd and Malakoff Bhd.

Rafique is also the President Commissionaire of PT Bank Maybank Syariah Indonesia.

He has served at Radicare (M) Sdn Bhd, a facilities management concessionaire for hospitals in several states as its COO and then CEO.

He also worked with Amanah Capital Group and Bumiputera Merchant Bankers Bhd in corporate finance and advisory roles.

Feisal started his career in KPMG Plc, London and later worked with Citigroup Global Markets in the Kuala Lumpur, Singapore and Hong Kong offices until 2004.

In 2004, he joined BinaFikir Sdn Bhd as its executive director and in 2008 appointed as managing director, head of investment banking for Maybank Investment Bank.

In 2010, Feisal joined Permodalan Nasional Berhad as executive vice president of special projects and was later seconded to Chemical Company of Malaysia Bhd as executive director and subsequently appointed its CEO.

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