Thursday, November 3, 2011

Maybank president Abdul Wahid is EMAC co-chairman

KUALA LUMPUR (Nov 3): MALAYAN BANKING BHD [] president and chief executive officer Datuk Seri Abdul Wahid Omar has been appointed co-chairman of the Institute of International Finance's (IIF) Emerging Markets Advisory Council (EMAC).

Maybank said on Thursday Abdul Wahid takes over from K.V. Kamath who steps down from EMAC to resume his new role as chairman of Infosys Technologies, India.

The EMAC comprises of 40 senior executives of major financial services firms in emerging markets and it advises the board of directors of the Institute of International Finance.

The IIF is a global association of financial services firms with over 440 member institutions.

Abdul Wahid said he was looking forward to working with EMAC members around the world to address compelling financial issues and 'ensure that our institutions play our role in driving continued growth of the industry, especially in such challenging times'.

He is currently chairman of the Association of Banks in Malaysia. He is also chairman of Malaysia Electronic Payment System Sdn Bhd and director of Cagamas Holdings Bhd.

He is also the vice chairman of the Institute of Banks Malaysia, and a member of investment panels of Lembaga Tabung Haji and Kumpulan Wang Persaraan (KWAP).

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