Maybank CRO talks about his group's Asean aspirations
Maybank hired John Lee as its group chief risk officer this year in a bid to better embed risk management within the group at a time when Malaysia’s largest lender is rapidly expanding its businesses in the Asean region.
Maybank chief executive, Abdul Wahid Omar, wants 40% of the financial institution’s pre-tax profits to come from outside Malaysia by 2015. Most of this international expansion is likely to take place in Association of South-east Asian Nations (Asean) countries, with Indonesia (Maybank took full control of Bank Internasional Indonesia in 2008) and Singapore making the largest contributions.
Maybank, which already has substantial insurance operations, is also making a major push into investment
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