Various
CIMB Group Doubles Its Sustainable Finance Target to RM60 Billion by 2024
CIMB Group announced that it is doubling its sustainable finance target to RM60 billion by 2024 under its Green, Social, Sustainable Impact Products and Services (GSSIPS) framework. The increased target was announced during the opening of CIMB’s flagship The Cooler
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Maybank Designs Sustainable Product Framework for Group-Wide Implementation
Maybank has designed its own Sustainable Product Framework (SPF) to enable greater development of green, social and sustainable products. The framework will be implemented group-wide across Islamic and conventional products effective 1 September 2022. In keeping with best practices adopted
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BNM Adds Forex Broker OctaFX to Its Consumer Alert List
Bank Negara Malaysia (BNM) has tacked on OctaFX, an online currency trading brokerage, to its Financial Consumer Alert list as of yesterday. The central bank warned consumers that OctaFX is not authorised nor approved under the relevant laws and regulations
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StanChart Malaysia Appoints Mak Joon Nien as First Local CEO
Standard Chartered Malaysia announced the appointment of Mak Joon Nien as Managing Director and Chief Executive Officer (CEO), with effect from 18 August 2022. Mak is the bank’s first Malaysian CEO. He will take over the reins from Abrar A.
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Maybank Appoints Dr Siew Chan Cheong as New Group Chief Strategy Officer
Maybank announced that it has appointed Dr Siew Chan Cheong as its Group Chief Strategy Officer, effective 15 August 2022. Dr Siew will assist and report to the Group President and CEO of Maybank, and work closely with the Board
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Mambu: Malaysians Want Their Banks to Become More Sustainable in the Future
More than three quarters (77%) of Malaysian consumers want their bank or financial institution to become more sustainable in the future, according to a new report from cloud banking platform Mambu. “Is the grass greener on the sustainable side?” report
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Securities Commission Malaysia Makes New Leadership Appointments
The Securities Commission Malaysia (SC) announced that it has made four new senior appointments that took effect on 1 July 2022. The SC has appointed Datin Azalina Adham as Executive Director of newly created business group Strategy and Policy. Leveraging
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Here’s How Malaysia Is Stepping Up Our ESG Efforts
In Malaysia, banks are stepping up in their journey into more sustainable financing and operating practices, making efforts to integrate environmental, social and corporate governance (ESG) considerations into their governance, business strategy, operations and risks management. Consulting firm PwC conducted
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RHB Expands Dr. Siew’s Role as Its Group Chief Strategy and Innovation Officer
RHB Banking Group announced that it has appointed Dr. Siew Chan Cheong as its Group Chief Strategy and Innovation Officer, an expansion to his previous role of Group Chief Strategy Officer. This is in line with RHB’s drive to boost
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Fintech Association of Malaysia Names Policystreet Co-founder as New President
The Fintech Association of Malaysia (FAOM) has elected Wilson Beh as the new president of FAOM for its 2022/2023 term at its recent fifth Annual Grand Meeting (AGM). Wilson is the Co-founder of Malaysian based insurtech firm PolicyStreet and was
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