Maybank appoints Michael Foong as CEO, International

KUALA LUMPUR: Maybank has appointed Michael Foong Seong Yew as chief executive officer, International, replacing Pollie Sim who retired on June 1.

The new role will be in addition to Foong's current role as group chief strategy officer, a position he has held since 2014. 

Foong first joined the group as chief strategy and transformation officer in 2011.

"As an expert in Strategy Development and Business Transformation, Michael has made contributions to International when he oversaw, with the Group President & CEO, the transformation programmes for Maybank Hong Kong, Maybank Philippines and Maybank Cambodia from 2014. 

"In addition, he drove the adoption of new and enhanced digital platforms, partnering with Group Community Financial Services, for International business units since 2016," said Maybank in a press statement.

Foong held various management positions in Accenture prior to joining Maybank, and was last the senior managing director of its management consulting practice in Malaysia.

In the press statement, group president and CEO Datuk Abdul Farid Alias thanked Pollie Sim for her over three decades of service with Maybank. 

"During her tenure as CEO of Maybank Singapore, she led in building its consumer franchise from less than 20% to 50% of the loans book and its structured trade and wealth business for a more diversified fee income, resulting in the bank achieving record level profits,” he said.