Maybank appoints Michael Foong as new CEO, International

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has appointed Michael Foong Seong Yew as CEO, International in addition to his role as group chief strategy officer with effect from June 1, 2018.
Foong takes over the leadership of International from Pollie Sim who retired from Maybank effective that same day.
Foong joined the group as chief strategy & transformation officer in 2011, and was appointed group chief strategy officer in 2014.
As an expert in strategy development and business transformation, Foong 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. 
Prior to joining Maybank, Foong was the senior managing director of Accenture’s management consulting practice in Malaysia. He spent 17 years serving financial services clients throughout Asia, primarily banks but also including insurance companies and stock exchanges.
Michael holds a Master of Arts in Economics and Management Studies from Cambridge University, UK, and attended the Advanced Business Management Program from the Kellogg Graduate School of Management, Northwestern University, Chicago, USA.
Group President & CEO Datuk Abdul Farid Alias said Foong is the ideal candidate to take on the expanded role as CEO international to help achieve the group’s ambitious growth plans for its international operations.
“Given that the group targets to grow its international business at a more aggressive pace, Michael’s background, diverse skill-sets and wide experience in strategy development will be a pivotal advantage in leveraging the group’s regional footprint and charting the path for further growths in our international markets.”