Maybank is planning to extend the term of its CEO Khairussaleh Ramli by another three years, allowing him to see through the bank’s current strategic roadmap, according to a report by The Edge citing unnamed sources.
Khairussaleh, who assumed leadership of Malaysia’s largest lender on 1 May 2022, will now be able to complete the M25+ strategy targeted for 2025 and lay the groundwork for the group’s next phase of growth.
The bank has not officially commented on the reported extension.
Under Khairussaleh’s leadership, Maybank’s shares have delivered a return of 36%, significantly outpacing the 6.4% gain in the FTSE Bursa Malaysia KLCI Index over the same period.
Separately, Maybank is expected to begin relocating its headquarters to Merdeka 118—the world’s second tallest skyscraper—in the second quarter of 2025.
The bank will reportedly become the building’s largest tenant.
Featured image credit: Edited from Freepik
