KUALA LUMPUR (March 2): Malayan Banking Bhd (Maybank) has named Datuk Mohaiyani Shamsudin as its new chairman, succeeding Tan Sri Megat Zaharuddin Megat Mohd Nor, who announced he will be stepping down at the end of this month. In a statement today, Maybank said Megat Zaharuddin had served on its board of directors for about 12 years, with the last seven-and a-half years as chairman. Mohaiyani is currently the chairman of Maybank Investment Bank Bhd, a position she has held since March 2016. Meanwhile, Farid said the appointment of Mohaiyani as chairman augurs well for Maybank and will ensure continuity at the board, given that she has been serving as a director of Maybank for over five years. During her active involvement in the stockbroking industry, she was appointed as deputy chairman of Kuala Lumpur Stock Exchange (now known as Bursa Malaysia Bhd) and chairman of Association of Stockbroking Companies Malaysia.

Source: The Edge Markets March 02, 2017 05:48 UTC