SUCCESSION PLAN IN PLACE: Maybank to announce BII candidate next week
Malayan Banking Bhd (Maybank) has dismissed claims that it lost two heavyweights” with the departure of Datuk Khairussaleh Ramli and Tengku Datuk Zafrul Tengku Abdul Aziz.
“There is no such thing as heavyweights in Maybank. If there is such (heavyweights), they are not doing the right thing... we are a commercial bank,” said its president and chief executive officer Datuk Abdul Farid Alias.
Nevertheless, he said Maybank’s immediate priority is to fill the vacancies in the Indonesian and global banking operations.
The group has identified its candidate for PT Bank Internasional Indonesia (BII), Farid said, adding that an announcement will be made this week.
“The process is in advanced stage and we are sure that we will make an announcement soon but we will first have to inform Bank Indonesia, the central bank of Indonesia,” he said at a media briefing on the sidelines of its Global Corporate Responsibility Day on Saturday.
Khairussaleh, who headed BII, resigned in August to return to Malaysia and was rumoured to join RHB Bank.
The global banking head’s position fell vacant following the departure of Tengku Zafrul, who was also Maybank Investment Bank (Maybank IB) CEO.
Both Khairussaleh and Tengku Zafrul were part of Maybank’s 13-member exco team.
“We are sad over their departure but we wish them the best,” Farid said.
However, he said Maybank — the country’s largest banking group — has a succession plan in place.
“We have identified three people as potential successors for each position, including mine,” he remarked.
The plan involves the group reviewing its talent pool, which is done twice a year. This also includes developing the skills needed to meet the demands of the succession plan.
On Tengku Zafrul’s posts, Farid said both are now held by John Chong, who is Maybank IB deputy CEO.
“What’s important now is to find the head of global banking. We hope to be able to make that decision quickly,” he added.