Maybank CRO talks about his group's Asean aspirations
Maybank hired John Lee as its group chief risk officer this year in a bid to better embed risk management within the group at a time when Malaysia’s largest lender is rapidly expanding its businesses in the Asean region.
Maybank chief executive, Abdul Wahid Omar, wants 40% of the financial institution’s pre-tax profits to come from outside Malaysia by 2015. Most of this international expansion is likely to take place in Association of South-east Asian Nations (Asean) countries, with Indonesia (Maybank took full control of Bank Internasional Indonesia in 2008) and Singapore making the largest contributions.
Maybank
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