Malaysia: Maybank, Cambridge International Financial Advisory to Explore Opportunities in Islamic Finance

Maybank entered into a strategic partnership with Cambridge International Financial Advisory (IFA) in order “to establish the collaboration and to explore new opportunities in the field of Islamic Finance.”

The ceremony took place at Menara Maybank, Kuala Lumpur “with over 150 attendees consisting of industry experts, ministry representatives, WOMANi alumni and Cambridge IFA representatives.”

The ceremony was also graced VVIP attendees “including Prof. Dr. Humayon Dar, Director General of Cambridge IFA and, Datuk Nora Abd Manaf, Group Chief Human Capital Officer of Maybank and Yang Mulia Tan Sri Datuk Seri Utama Dr. Ungku Zeti Akhtar Aziz, former governor of Bank Negara Malaysia.”

With this partnership, Maybank reaffirms its commitment “to gender diversity and continued learning, preparing to lead the charge in Islamic finance while empowering women in the industry through collaboration, knowledge sharing, leadership programs, panel discussions, networking, and creating an inclusive environment within Maybank.”

As reported recently, Maybank has appointed Datuk Hamzah Bachee “as its Group Chief Risk Officer (GCRO) and member of Group Executive Committee, effective 1 July 2023.”

Datuk Hamzah will be “responsible to strategise, lead and enforce an effective enterprise-wide risk management practice that appropriately identifies, manages and mitigates risks to achieve the strategic and business objectives of Maybank Group.”

He will report “to the Group President & CEO (GPCEO) of Maybank.”

Datuk Hamzah will succeed Mr Gilbert Kohnke who will “take on the role of Advisor and Executive Coach and retire from Maybank Group effective 1 November 2023, after an impressive career with Maybank spanning six years.”

With a banking career that spans more than 30 years, “including his current role as the Deputy Group Chief Risk Officer, Datuk Hamzah’s specializations in Business Segment and Risk Management will ensure that the Bank continues to drive business growth responsibly across the Group by spearheading the enforcement of a strong risk-awareness culture and sound asset quality management practices.”

He is currently responsible “for Group Risk’s International/Overseas Units Transformation Initiative.”

With Datuk Hamzah’s appointment as GCRO, Maybank has also “appointed En. Mohamed Rezwan as Deputy GCRO, effective 1 July 2023, where he will report to the GCRO.”

En. Rezwan will be responsible “for the Group’s functions of Market Risk, Risk Research and ESG, and Maybank’s overseas commercial bank branches and subsidiaries.”

GPCEO of Maybank, Dato’ Khairussaleh Ramli said that “these appointments demonstrate the effectiveness of Maybank’s internal succession planning and are in line with the Bank’s talent management policy to strengthen and intensify its internal capacity building.”

He added:

“Datuk Hamzah’s understanding on new and emerging global trends will enhance Maybank’s resilience and strengthen its banking footprint in this region. He started his career with Maybank and we believe his role in driving effective enterprise-wide risk management will be vital for us moving forward as we continue to deliver on our M25+ strategy aspirations.”

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