CHANGES are afoot at Malaysia Building Society Bhd (MBSB), starting with a board and management revamp at its wholly-owned banking subsidiary MBSB Bank Bhd. He stepped down as chairman of both MBSB and MBSB Bank on Feb 6, according to a stock exchange filing. Interestingly, the two EPF representatives, Sazaliza Zainuddin and Zaidatul Mazwin Idrus, also stepped down as non-independent executive directors at MBSB Bank and MBSB respectively upon the end of their tenures on Feb 6. There are no other changes to the remaining eight directors on MBSB Bank’s board. Ahmad Zaini attributes this to the fact that many government servants, who have continued to hold jobs, took up the blanket moratorium.

Source: The Edge Markets February 23, 2021 06:00 UTC