Maybank has appointed Shafiq Abdul Jabbar as its new Group Chief Financial Officer (CFO), effective 7 July 2025.
He will also become a member of the bank’s Group Executive Committee.
Shafiq will work closely with Maybank’s President and Group CEO to support strategic decision-making and drive value creation.
He is also expected to lead transformation efforts within Group Finance, focusing on building more forward-looking capabilities through the use of technology and data.
With over 25 years of experience across banking, media, and professional services, Shafiq has held senior roles at CIMB, Astro Malaysia, and most recently AmBank, where he served as Group CFO.
At AmBank, he played a key role in improving financial performance through balance sheet management, revenue growth initiatives, and cost optimisation.
At CIMB, he held several senior roles including Head of Business Finance Advisory, Country CFO, and Group Financial Controller.
He began his career at KPMG Melbourne in 1999, before joining PwC in 2003 with stints in Kuala Lumpur and London.
At Astro, he initially oversaw strategy and finance, later expanding his scope to include group data and media sales, gaining exposure to digital transformation in the media sector.
Dato’ Khairussaleh Ramli, President and Group CEO of Maybank, said,
“Shafiq’s strong financial leadership and experience across various industries will be key in supporting Maybank’s strategy for sustainable growth and value creation.
The group offers our congratulations to Shafiq as he joins our management team under my leadership, to drive Maybank forward towards being the most positively impactful financial institution.”
Shafiq’s appointment follows the departure of former CFO Khalijah Ismail in February 2025, after an internal inquiry into non-compliance with internal requirements and processes.
The bank stated that no financial loss occurred and no regulatory breach was found.
Khalijah, who had served Maybank for over three decades, has maintained that she was dismissed and intends to pursue legal action to contest the decision and safeguard her reputation.
Featured image credit: Edited from Freepik
