Topics: Bank, Maybank, Financial services Pages: 8 (2655 words) Published: September 15, 2012
Corporate Strategy
Company and its history

The Maybank Group is Malaysia’s financial services leader with a network of over 2,100 offices in 17 countries worldwide. The Bank was incorporated on 31 May 1960 and commenced operations on 12 September of the same year. It quickly expanded its network and was listed on the Kuala Lumpur Stock Exchange (now Bursa Malaysia) on 17 February 1962. By its second anniversary on 12 September 1962, Maybank had branches operational in numerous parts of Malaysia as well as Singapore, Brunei, Hong Kong and London.

Maybank’s objective at the time of incorporation was to support the development of the then newly independent Malaya by financing economic growth and bringing modern banking services to its people. Over the years, it played a key role in meeting this objective and expanded both in network as well as products and services. Maybank was in fact one of the key drivers in supporting the country’s economic transformation and setting new benchmarks in financial services for Malaysia.

The next few decades of Maybank’s operations were periods of aggressive expansion and continuous innovation that saw it evolve into a major financial services group, offering a comprehensive range of products to customers as well as supporting Malaysians who ventured abroad for trade and investment through offices in key markets they were in. Along the way, the Group achieved numerous firsts leading the way for the Malaysian banking industry and making Maybank one of the leading Malaysian brands.

Today, Maybank has grown to become the largest company by market capitalisation on Bursa Malaysia and is recognised as one of the region’s leading banking groups. It offers an array of financial services including commercial banking, investment banking, stock broking, insurance and takaful, trustee services, offshore banking, asset management and Islamic banking. Maybank has been recognised through numerous local and international awards for its leadership, innovation, technology and corporate responsibility. It is the leading Malaysian listed company in the Forbes Global 2000 List, as well as top Malaysian bank and 134th amongst global banks in The Banker’s list of top 1,000 banks in the world. Maybank’s Islamic banking subsidiary - Maybank Islamic Berhad - is the largestIslamic commercial bank in Asia Pacific and ranked 17th worldwide.

With over half a century of experience and an ever expanding network, Maybank now has set its sights on becoming a regional financial services leader by 2015. The Group’s mission is to humanise financial services across Asia – reaffirming its commitment to provide the people access to financial services at fair terms and pricing as well as to be at the heart of the community.

As it journeys on to achieve its vision, Maybank will always remain true to its founding objectives – which is to enrich the lives of all its stakeholders and to be a continued channel for economic progress and the growth of communities it serves. Maybank was founded by Malaysian business tycoon Khoo Teck Puat, who died in 2004. The company was led by President and CEO Amirsham Abdul Aziz for some two decades until March 2008 after which he was appointed Minister in the Prime Minister's Department in-charge of the Economic Planning Unit, a post he held until April 2009. Dato' Sri Abdul Wahid Omar was officially appointed as President & CEO of Maybank Group in May 2008.

As of June 30, 2010, Maybank is the largest Malaysian bank, boasting group assets worth RM337 billion (US$106 billion), placing it among the top 120 banks worldwide. Malayan Banking is also a listed corporation on Bursa Malaysia

Company History:
Malayan Banking Berhad is the holding company overseeing Malaysia's largest bank, Maybank and a range of financial sector subsidiaries. Maybank offers a full range of commercials, corporate, and private banking services, with a network of more than 450 branch offices and more...
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