Business News

Published: Thursday April 25, 2013 MYT 12:00:00 AM
Updated: Friday April 26, 2013 MYT 12:44:53 AM

Wahid bags Asian award

PETALING JAYA: Malayan Banking Bhd (Maybank) president and chief executive officer Abdul Wahid Omar has been named the winner of The Asian Banker Leadership Achievement Award 2013 for Malaysia.

Under his leadership, Maybank has also been recognised as “The Best Managed Bank in Malaysia,” said The Asian Banker in a statement yesterday.

“The Asian Banker and the Council of Advisors for the Leadership Achievement Awards programme were impressed with Abdul Wahid’s achievements in the period under review.

“Under his leadership, Maybank strengthened its share of the total consumer loan segment and continues to lead the market.

“Abdul Wahid’s biggest challenge as CEO in 2010 was when he had to regain shareholder confidence after net profit declined sharply from RM2.93bil in 2008 to RM692mil in 2009 due to the impairment of acquisition investment in BII and MCB Bank of Pakistan.”

Abdul Wahid received both awards at the Leadership Achievement Awards event held in conjunction with The Asian Banker Summit 2013 in Jakarta on Tuesday.

Tags / Keywords: News, Business, Business, wahid, maybank, award

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