Bankers expect Muhammad to continue Zeti’s good work

  • Banking
  • Wednesday, 27 Apr 2016

Maybank Group President & CEO, Dtk Abdul Farid Alias during the press conference on Maybank Group Financial Results for the year ended 31 Dec 2015 announcement in Kuala Lumpur, yesterday. MUHAMAD SHAHRIL ROSLI/The Star.3

KUALA LUMPUR: Most bankers expect the newly-appointed Bank Negara governor Datuk Muhammad Ibrahim will continue the good work of his predecessor in leading what can be considered one of the most respected central banks in the world.

In a statement on Wednesday, the Association of Banks Malaysia (ABM) chairman Datuk Abdul Farid Alias (pic) said Muhammad was no stranger to the financial services industry and the ABM assured him of its continued cooperation.

“We will support the central bank’s efforts in ensuring that the financial system is further strengthened and the development needs of the country sustained, especially in these complex and challenging times.

“In this regard, we look forward to continue working closely with him and the team at Bank Negara,” said Abdul Farid, who is also Maybank Group president and chief executive officer.

He said Maybank would like to pay its tribute to the outgoing governor Tan Sri Dr Zeti Akhtar Aziz for her outstanding leadership.

He said the banking industry held Zeti in the highest regard and acknowledged her as a consummate professional who had played an immense role in navigating the country’s economy through the many challenges. 

“Zeti has not only been instrumental in taking Bank Negara to greater heights but has also overseen significant reforms in the Malaysian financial services industry.

“She helped create a resilient, innovative and sophisticated sector that is well able to advance the nation’s vision towards the attainment of a high value-added, high-income economy,” he said. 

Meanwhile, group chief executive of CIMB Group Tengku Datuk Seri Zafrul Aziz Tengku Abdul Aziz expressed confidence that Muhammad would carry further the good work of his predecessor while imprinting his own stamp of leadership to keep Malaysia’s financial system strong, stable and progressive.

“Muhammad brings to his governor role a myriad of skills and years of valuable experience honed in various roles including bank regulation and supervision and strategic planning,” he said. - Bernama

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