Hamidy tipped to be new CEO of Affin Bank

  • Business
  • Thursday, 24 Apr 2003


DATUK Abdul Hamidy Hafiz, currently managing director of Pengurusan Danaharta Nasional Bhd, is tipped to be the new CEO of Affin Bank, according to banking sources.  

Hamidy’s contract with Danaharta ends sometime in the middle of this year, after which he is expected to take over from Raja Datuk Seri Aman Ahmad, Affin Bank’s present CEO who is retiring from the bank at the end of next month. 

Hamidy could not be contacted for comment yesterday; bankers said he was not responding to questions on his likely appointment, which is believed to be awaiting final approval from Bank Negara.  

“There have been many calls,” said a spokeswoman at Danaharta. “His official reply is that he will complete his term at Danaharta and the next step, whether it is termination or continuation of contract, is up to the Finance Ministry.” 

Hamidy was appointed by the Finance Minister as managing director of Danaharta on Aug 1, 2001. Prior to that, he had been director of operations of Danaharta since its inception in June 1998. 

In his capacity as managing director, Hamidy oversaw all loan management activities of Danaharta. These ranged from setting up of procedures and processes to the acquisition of non-performing loans and loan management and recovery work. 

Datuk Abdul Hamidy Hafiz.

Danaharta, which was set up as a loan restructuring agency following the 1997 Asian financial crisis, is expected to be wound down in 2005.  

Prior to joining Danaharta, Hamidy had held several senior positions in Amanah Capital group. He had also been a Standard Chartered banker. 

At Affin Bank, some of the challenges for the new CEO will be the drive towards establishing a strong retail, commercial and investment bank that aspires to retain its anchor bank status. 

On where Raja Aman might be headed, bankers at Affin said: “He has strong links to the government, especially at Putrajaya, the Employees Provident Fund and Khazanah Nasional.” 

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