Standard Chartered Malaysia has turned to CFO Mushahid Syed to steer the bank on an interim basis as CEO Mak Joon Nien prepares to exit.
Mak will step down on 8 May after nearly four years as CEO, according to a report by The Edge.
The bank attributed his departure to an external opportunity.
His exit also covers board roles at Standard Chartered Malaysia Bhd, Standard Chartered Saadiq Bhd and other related entities.
Mushahid will keep his CFO role while taking on interim leadership of the Malaysia franchise as Interim CEO and Head of Coverage.
He will oversee the business until a permanent successor is named.
Mak’s career at Standard Chartered began in 1997 through its graduate trainee programme, before a 15-year stint in a regional role in Singapore.
He later returned to the local franchise and went on to become its first Malaysian leader developed from within the bank.
The bank credited Mak with raising the Malaysia franchise’s profile and keeping the local business aligned with group priorities.
Mushahid has been with the group since 2013, bringing more than two decades of leadership experience.
He became Malaysia CFO in 2024 and is part of the country management team.
Featured image: Edited by Fintech News Malaysia, based on image by Pixelid via Magnific
