Maybank, Malaysia's largest bank by assets, has appointed Shafiq Abdul Jabbar as Group Chief Financial Officer, effective 7 July 2025. The announcement, made on 30 April 2025, confirms a senior executive appointment at the heart of the Kuala Lumpur-based banking group's leadership structure.
In the statement confirming the appointment, the bank indicated that Shafiq will partner the President and Group Chief Executive Officer, Datuk Khairussaleh Ramli, in driving value creation and strategic decision-making.
EFFECTIVE DATE AND LEADERSHIP TRANSITION
The effective date of 7 July 2025 provides a transition window of approximately ten weeks between the public announcement of the appointment and Shafiq's formal assumption of responsibilities. The gap reflects Shafiq's notice period at AMMB Holdings, which announced on 9 April 2025 that he would step down as group CFO with effect from 1 July 2025; he had been on garden leave since 10 April. The role had been vacant since the departure of former group CFO Khalijah Ismail in February 2025, which followed an internal inquiry by the bank.
Khairussaleh said the leadership pairing would be instrumental in supporting Maybank's strategic growth agenda.