New Maybank IB CEO to be identified soon
MALAYAN Banking Bhd is identifying possible candidates to replace Tengku Zafrul Tengku Aziz as chief executive officer of Maybank Investment Bank following his resignation on September 24.
Group chairman Tan Sri Megat Zaharuddin Megat Mohd Nor said the right candidate will be announced soon as they (possible candidates) were still in the process of being shortlisted.
"We are still working towards choosing the most suitable person to develop the company to make sure that he fully understands the challenges ahead for Maybank IB," he told reporters after launching Cashville Kidz Season 2 and presenting prizes to winners of the National Financial Literacy Challenge 2013.
Maybank IB is the investment banking arm of Malayan Banking Bhd, Malaysia's top financial services player.
Megat Zaharuddin said Maybank IB deputy chief executive officer and head of investment banking and advisory John Chong will assume the role as interim officer-in-charge of Maybank IB and Maybank Kim Eng.
"Although we have internal talents, we are not ruling out the possibility of having someone from outside the company (to fill the position)," he said.
Megat Zaharuddin said once the right candidate is identified, the bank will submit the name to Bank Negara Malaysia for approval.
"We will see how we can replace this talent as we move forward. We are confident of getting the right team by balancing internal talents with external recruitment, as we have done in the past," he added.
It was reported earlier that Tengku Zafrul will join the country's second largest lender CIMB Group Holdings Bhd as its deputy chief executive officer. Bernama