Maybank names new community financial services head

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has appointed Datuk John Chong Eng Chuan ( pix) as the new group CEO, community financial services (CFS) effective July 18, taking over from Datuk Lim Hong Tat who will retire from Maybank effective that same day.

Chong, who is currently the CEO of Maybank Investment Bank (Maybank IB) and Maybank Kim Eng (MKE), has 25 years of experience in investment banking with the Maybank Group.

Chong holds a Bachelor of Economics (Hons) degree from the University of Queensland in Brisbane, Australia. He is a chartered banker of the Asian Institute of Chartered Bankers and has also completed the Advanced Management Program at the Harvard Business School.

Maybank group president and CEO Datuk Abdul Farid Alias said Chong is the ideal successor for the post of group CEO, CFS as he has been a part of the group’s senior management for many years and cultivated strong relationships with local and regional stakeholders that will hold him in good stead in his new role.

Maybank is currently in the process of identifying suitable successor candidates for the CEO role in Maybank IB and MKE and an announcement will be made in due course, once necessary regulatory approvals have been secured. Chong will continue to lead MKE and Maybank IB until further advised.