Reshuffle brewing at the top
Khairul Khalid | 04 Aug 2017 00:30
Clockwise from left: Agrobank’s Wan Mohd Fadzmi, Bank Pembangunan’s Rafidz, Public Bank’s Teh, Bank Islam’s Khairul, Ambank’s Sulaiman and RHB Bank’s Khairussaleh
The next 12 months could see major shifts in Malaysia’s financial landscape, triggering changes at the top ranks of major banking groups.

The changes come amidst the backdrop of a challenging economy, as well as issues that banks are grappling with, such as financial technology. Mergers could be the biggest catalyst for management change, but reshuffling among government-linked banks is also imminent, especially with a general election around the corner.

Among those affected are Bank Pembangunan Malaysia Bhd, Agrobank Bhd, Public Bank Bhd, AMMB Holdings Bhd (Ambank), RHB Bank Bhd, BIMB Holdings Bhd and Malaysia Building Society Bhd (MBSB).

Bank Pembangunan and BIMB are without a CEO while Agrobank could see a change at the helm. Public Bank has announced that its founder/chairman is retiring in 2019 while the AMMB-RHB merger could see either head honcho helming the merged entity. MBSB’s merger with Asian Finance Bank Bhd could see the former’s CEO retaining his position.

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