KEY CRITERION: ’Candidate must maintain Wahid’s good work’
THE new chief to helm the country's largest lender, Malayan Banking Bhd, will be announced as early as end of the month, said chairman Tan Sri Megat Zaharuddin Megat Mohd Nor.
The board is evaluating the candidates, all of whom have very strong banking background, he said.
"The announcement is going to be this month or early next month. We are planning to do it as quickly as possible," Megat Zaharuddin said on the sidelines of Invest Malaysia 2013 yesterday.
He said the candidates are both internal and external ones, adding that the main prerequisite is that he or she must be able to maintain the good work of former chief Datuk Seri Abdul Wahid Omar.
The banking fraternity believes that the internal candidates include Maybank current officer-in-charge and group chief financial officer Mohd Rafique Merican, investment banking head Tengku Datuk Zafrul Tengku Abdul Aziz and Bank Internasional Indonesia president director Datuk Khairussaleh Ramli.
External candidates are rumoured to be Bursa Malaysia chief executive officer Datuk Tajuddin Atan and Axiata Group Bhd president Datuk Seri Jamaludin Ibrahim.
In a separate session, Mohd Rafique said since he was put in charge of the Maybank group last week, things have been good and as a team, the group is continuing with its journey for further growth based on its regional financial services model.
"We are excited over the prospects in Asean... and we are still keen to have a full banking presence in Thailand. With the right time and the right entity, we will do it," he said.
Maybank has identified Thailand as one of its markets for expansion and growth, apart from Indochina and Myanmar.
The group's presence in Thailand is via its investment banking arm, Maybank Kim Eng, which is the Asean's leading equity brokerage last year with a trading value of about RM162.3 billion.
On Maybank's prospects for 2013, Mohd Rafique said it is too early to say as the third quarter financial figures would be a good indicator of the group's performance.
In the first quarter, the group posted 14.2 per cent return on equity (ROE), a loans growth of 5.8 per cent and a 9.5 per cent growth in deposits.
The bank is confident that it is on track to achieve ROE of 15 per cent, and a 12 per cent growth in both loans and deposits for the whole of 2013.