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BNM Orders CIMB and Maybank to Explain Recent Service Disruptions

Bank Negara Malaysia (BNM) has ordered CIMB and Maybank to deliver a comprehensive account of the root causes behind the recent service outages, which disrupted banking operations and inconvenienced customers. The regulatory body is taking a strict stance on ensuring

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Rohit Nambiar Resigns as Group CEO of Tune Protect

Rohit Nambiar, the Group Chief Executive Officer of Malaysian insurer Tune Protect has resigned from his position citing personal reasons, according to a filing with Bursa Malaysia. Rohit, whose career spans over two decades, has held significant roles in the

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Ex-AmBank CEO Datuk Sulaiman Tahir to Lead Bank Pembangunan as New Chairman

Bank Pembangunan Malaysia has appointed Datuk Sulaiman Mohd Tahir as its chairman and independent non-executive director, effective 20 March 2024, according to The Star. Sulaiman is recognised for his extensive senior leadership experience in the financial sector of Malaysia, which

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Here Are 5 Key Takeaways from BNM’s 2023 Annual Report Released Today

Bank Negara Malaysia (BNM) had unveiled its Annual Report 2023 today, offering insights into the major advancements and regulatory measures undertaken within the financial sector over the past year. The AR 2023 details BNM’s key initiatives in fulfilling its mandates

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Khazanah Appoints Datuk Hisham Hamdan as New Chief Investment Officer

Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, announced that Datuk Hisham Hamdan has been appointed as the new Chief Investment Officer (CIO), effective 6 March 2024. Datuk Hisham Hamdan, who has been with Khazanah since April 2011, previously

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AEON Bank CEO Raja Teh’s Blueprint to Meet Digital Natives’ Needs

In the banking industry, where change is rapid and impactful, Raja Teh Maimunah Raja Abdul Aziz stands out as the Chief Executive Officer of AEON Bank. Her journey offers insight into the evolving nature of banking, marked by an increasing shift

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SFA Initiative ‘Project Tapir’ Connects Singaporean Fintechs with Malaysian VCs

The Singapore Fintech Association (SFA) has initiated Project Tapir, a collaborative effort with Malaysian venture capital firms Artem Ventures and OSK Ventures International Berhad (OSKVI).  The partnership seeks to support Singaporean fintech companies in their expansion into Malaysia. The aim

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Maybank Reshuffles Management Team to Drive Growth

In a strategic management reshuffle at Maybank, Datuk Muzaffar Hisham is slated to become the Group CEO of Islamic Banking and CEO of Maybank Islamic, effective 1 March 2024. Currently holding the position of Group CEO of Global Banking, his

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SC Malaysia Fast Tracks Market Entry Process for Capital Market Players

The Securities Commission Malaysia (SC) has stepped up to expedite the market entry process for Capital Market Intermediaries (CMIs) and Recognised Market Operators (RMOs). The Focused Scope Assessment (FSA), effective immediately, promises to reduce the time required for CMIs and

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Finalyst Debuts Financial Health Assessment Platform

Finalyst has unveiled a new platform designed to enhance financial health, employing advanced technology to streamline cash flow management, investment strategies, and insurance planning, as stated by the company. According to the company, the platform gathers data to pinpoint potential

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