Mo­haiyani makes his­tory as May­bank’s first woman chair­man

New Straits Times - - Business -

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.

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