Mohaiyani makes history as Maybank’s first woman chairman
Malayan Banking Bhd (Maybank) has named Datuk Mohaiyani Shamsudin as its new chairman, succeeding Tan Sri Megat Zaharuddin Megat Mohd Nor.
Mohaiyani, who is also chairman of Maybank Investment Bank Bhd, is the first woman to be appointed chairman of the country’s largest listed company.
Group president and chief executive officer (CEO) Datuk Abdul Farid Alias said the appointment augured well for Maybank and would ensure continuity at the board, given that Mohaiyani had been serving as a director for more than five years.
“Mohaiyani has had an impressive career and extensive experience not only in the financial services industry but also in the public service. As a member of the current board, she will already have insights into all aspects of the group and we are confident she will lead Maybank effectively as she takes up the new position,” said Farid.
Mohaiyani was appointed a Maybank director on August 22 2011.
She was previously with Amanah Chase Merchant Bank Bhd and Seagrott & Campbell Sdn Bhd before starting her own stockbroking company, Mohaiyani Securities Sdn Bhd, in 1985.
She was also deputy chairman of the then Kuala Lumpur Stock Exchange and chairman of Association of Stockbroking Companies Malaysia.
Megat Zaharuddin will step down on March 31 after 12 years on the board, with the last 7½ years as chairman.
“It has been an honour and privilege to serve on the board of Maybank, particularly as the chairman since 2009, during which the group reinforced its position as a leading financial services institution in this region,” he said in a statement.
“I am confident that the group will continue creating value in the years ahead, particularly in this fast-changing operating landscape where differentiated service and innovation will be key drivers of success,” he added.
Meanwhile, Permodalan Nasional Bhd (PNB) chairman Tan Sri Abdul Wahid Omar described Mohaiyani’s appointment as “very fitting”.
“Given her wealth of experience in the financial services sector and being a member of the Maybank family, I believe Mohaiyani will be able to lead the board and guide the management team towards realising Maybank’s vision as a regional financial services leader,” he said in a statement yesterday.
PNB is Maybank’s controlling shareholder.
Wahid paid tribute to Megat Zaharuddin for his dedicated and outstanding service as Maybank chairman since October 2009 and as a board member for 12 years.
He said he had the privilege of serving as Maybank group CEO under Megat’s chairmanship and guidance, where the management team weathered the global financial crisis and transformed Maybank into one of the leading regional financial services groups.
Wahid said one of Megat Zaharuddin’s many legacies was in supporting the management’s “Islamic First” strategy.
This resulted in Maybank’s Islamic financing contributing 56 per cent of group total financing in Malaysia.
“This enabled Maybank Islamic to emerge not only as the largest Islamic bank in Malaysia but also as one of the leading Islamic financial institutions globally,” he added.
Datuk Mohaiyani Shamsudin (left) will succeed Tan Sri Megat Zaharuddin Megat Mohd Nor as Malayan Banking Bhd chairman.