Hamidy tipped to be next ABM chairman

KUALA LUMPUR: Datuk Abdul Hamidy Hafiz, the chief executive officer of Affin Bank Bhd, is tipped to be the new chairman of the Association of Banks in Malaysia (ABM), sources said. 

It is believed that the board of ABM met recently to approve his candidacy. 

Under Hamidy's leadership, Affin Bank is shaping up into a stronger entity; the group achieved a 27.7% increase in pre-tax profit to RM229.4mil for financial year ended Dec 31, 2005. 

Datuk Abdul Hamidy Hafiz

True to his words, Hamidy is rolling out a rebranding exercise with a new corporate identity “Banking Without Barriers.'' 

A former managing director of Pengurusan Danaharta Nasional, the national asset management company that has now handed over the management of residual assets to a firm, Hamidy first set foot in Affin Bank in mid-2003, and had echoed his vision for the bank to be transformed into a vibrant and modern outfit. 

In the bank's push to be a financial supermarket, it is in the process of applying for a licence to operate as an investment bank by merging its merchant bank with its stockbroking arm. 

A more efficient outfit now, the bank focuses on three segments: enterprise banking, consumer banking and debt and capital markets. 

One needs to speak to him personally to realise that he has many things up his sleeve for Affin Bank, which has pledged to retain its anchor banking status. 

Cheerful and enthusiastic, Hamidy is certainly the next banker to watch out for. 

 AFFIN :  [Stock Watch]  [News]

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