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Maybank Appoints Michael Foong as New CEO International

Maybank has appointed Michael Foong Seong Yew as the new Chief Executive Officer, International in addition to his role as Group Chief Strategy Officer with effect from 1st June 2018. Michael takes over the leadership of International from Pollie Sim who has retired from Maybank on the same day.

“Maybank Appoints Michael Foong as New CEO International”

Michael had joined the Group as Chief Strategy & Transformation Officer in 2011, and was appointed Group Chief Strategy Officer in 2014. Prior to joining Maybank, Michael was the Senior Managing Director of Accenture’s management consulting practice in Malaysia. He spent 17 years serving financial services clients throughout Asia, primarily banks but also including insurance companies and stock exchanges.

Pollie, who has served Maybank for over three decades, has held many senior positions within the Group has retired. Prior to her appointment as CEO of International in October 2013, Pollie was the CEO of Maybank Singapore since 2006 where she was instrumental in leading and developing Maybank’s retail banking business there.

Group President & CEO, Datuk Abdul Farid Alias:

“During her tenure as CEO of Maybank Singapore, she led in building its consumer franchise from less than 20% to 50% of the loans book and its structured trade and wealth business for a more diversified fee income, resulting in the bank achieving record level profits.  Datuk Farid added that Michael is the ideal candidate to take on the expanded role as CEO International to help achieve the Group’s ambitious growth plans for its International operations.  Given that the Group targets to grow its International business at a more aggressive pace, Michael’s background, diverse skill-sets and wide experience in Strategy Development will be a pivotal advantage in leveraging the Group’s regional footprint and charting the path for further growths in our international markets.”

Source: Official Press Release | The leading financial website for financial professionals, professional investors and HNW investors. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Quicklinks: Caproasia Access | TFC | Caproasia | Jobs

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