Shafiq appointed Maybank CFO

PETALING JAYA: Malayan Banking Bhd (Maybank) has appointed Shafiq Abdul Jabbar as its group chief financial officer effective July 7.

In a filing with Bursa Malaysia, Maybank said Shafiq will play a key role in partnering the president and group chief executive officer (PGCEO) to drive value creation and strategic decision making.

“Shafiq is also expected to lead transformation within group finance towards a more forward looking set of capabilities, leveraging on technology and data.

“In close collaboration with the group executive committee (exco) team members, he will focus on enhancing shareholder value, operating at the highest standards of governance, reporting and controls to ensure the group’s sustainable growth and long-term impact.”

Maybank added that Shafiq will report to the PGCEO.