KUALA LUMPUR: Malayan Banking Bhd (Maybank) yesterday appointed four new independent directors - Sreesanthan Eliathamby, Datuk Johan Ariffin, Cheah Teik Seng and Alister Maitland - effective Aug 26.
In a statement, Maybank said the appointments brings the number of independent directors to more than half the entire board.
Its board now has 12 directors – one executive, four non-independent non-executive directors and seven independent non-executive directors.
“We welcome our new directors and are delighted to have them join us. Their combined corporate experience and wise counsel will be a great asset to the board and the Maybank group,’’ chairman Tan Sri Mohamed Basir Ahmad said in a statement.
“Our vision for the group and strategic roadmap for the future to transform Maybank into a leading regional financial services group require that we have in place a board with diverse knowledge and expertise both local and international to meet the challenges ahead of us.”
Lawyer Sreesanthan is a partner with the legal firm of Messrs Kadir, Andri & Partners.
He is currently a director with Chemical Co of Malaysia Bhd, SCOMI GROUP BHD and Guinness Anchor Bhd.
Formerly with Citibank’s real estate division, Johan joined Pengurusan Danaharta Bhd’s property division as senior general manager during the Asian financial crisis.
He is currently chairman of Mitraland Properties Sdn Bhd and a national council member of the Real Estate Housing Developers’ Association Malaysia.
A Fellow of the Institute of Chartered Accountants in England and Wales, Cheah served in the civil service in the early 1980s and after leaving the Government, he served in various capacities in Public Bank, Chase Manhattan Bank, Merrill Lynch, Goldman Sachs, UBS and BNP Paribas.
He is currently a director and partner of Aktis Capital Singapore Pte Ltd and sits on the board of various private equity companies in Hong Kong, China and Malaysia.
Maitland built a career spanning 35 years in Australia, New Zealand and Britain. He was chief economist and managing director of ANZ New Zealand and in his last six years with the ANZ Group, served on the main board of ANZ Bank as executive director international, directly responsible for ANZ Group’s operations in 42 countries. He is currently chairman of Folkestone Ltd.
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