PETALING JAYA: Datuk Abdul Farid Alias, in his first day on the job as Malayan Banking Bhd (Maybank) head honcho, said he would focus on bringing the group to a higher level, particularly through mergers and acquisitions in the region to boost its income contribution from regional businesses.
Farid, 45, who had been Maybank’s deputy president and global banking business head since July 2010, said the approach was needed to meet its target of getting a 40% profit contribution from its overseas operations by 2015 from the current 30% level.