KUALA LUMPUR: Standard Chartered Malaysia has appointed Mushahid Syed as interim chief executive officer and head of coverage, Malaysia, effective May 8, 2026, in addition to his role as chief financial officer (CFO).
In a statement, the bank said Mushahid will assume overall leadership of its Malaysia franchise and continue working closely with the corporate and investment banking coverage team to ensure continuity across the business.
An announcement of the permanent successor will follow in due course.
StanChart said Mushahid has over 20 years of leadership experience in driving balance sheet optimisation, cost and capital efficiency, and revenue growth.
He joined the bank in 2013 and has been CFO for Malaysia since 2024, where he is a member of the country management team and executive committee, contributing to business performance and strategy.
The bank said Mak Joon Nien will step down as CEO and head of coverage after nearly 30 years with Standard Chartered, as he pursues an external opportunity.
He will also step down from the boards of Standard Chartered Malaysia and Standard Chartered Saadiq Bhd, as well as his other board roles across the bank’s affiliated entities.
Mak is the bank’s first homegrown Malaysian CEO and for the past four years, he has significantly enhanced the profile of the franchise, strengthened key client and stakeholder relationships, and driven the business in line with the bank’s global CIB and WRB strategies.
