Maybank reshuffles senior execs

Kuala Lumpur-based Maybank, Malaysia's biggest bank by assets, is reshuffling its senior management team as part of its plan to be a leading regional financial services group by 2015.

The current chief risk officer (CRO), Ariffin Morad, will in December become Basel II project director to drive the implementation of the Basel II capital accord for credit risk, market risk and operational risk. Jacob Abraham will take over as CRO, having served as head of market risk management at Maybank since 1999.

Aminuddin Desa on November 1 took over the group’s insurance arm, Maybank Fortis Holdings, as chief executive, a position he had held previously. He stepped down as chief financial officer, being replaced by Khairussaleh Ramli, who joined from Telekom Malaysia, where he was group chief strategy officer.

The financial group named Rashdan Yusof as chief executive of Aseambankers, the investment banking arm of Maybank, replacing Surachet Chaipatamanont, who left Aseambankers on September 30. Yusof was previously co-founder and managing director of Kuala Lumpur-based consultancy BinaFikir. He is a specialist in advanced financial modelling and financial engineering, derivatives and risk consulting, including market and credit risks under the Basel II capital accord.

Tracy Ong Guat Kee, previously chief commercial officer at Aseambankers, has taken on the newly created role of head of corporate banking at Maybank. The new position is carved out from Aseambankers and Maybank’s business banking units and focuses on corporate customer relationship management and services.

Amiruddin Abdul Halim is named deputy head of business banking, responsible for small and medium-sized enterprise and commercial banking, trade finance, bumiputra business and factoring. Rozidin Masari remains head of business banking.