Zamzamzairani named as new Maybank chairman

Tan Sri Zamzamzairani Mohd Isa (File photo by Mohd Izwan Mohd Nazam/The Edge)

Tan Sri Zamzamzairani Mohd Isa (File photo by Mohd Izwan Mohd Nazam/The Edge)

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Zamzamzairani’s directorships in other public companies include Malaysia Airlines Bhd and Malaysia Aviation Group Bhd.

KUALA LUMPUR (Oct 14): Malayan Banking Bhd (Maybank) said its chairman Datuk Mohaiyani Shamsudin will retire on Nov 1, and will be replaced by Tan Sri Zamzamzairani Mohd Isa. 

Zamzamzairani’s appointment confirms a report titled “Zamzamzairani to be appointed Maybank chairman — sources” published by theedgemarkets.com on Sept 14.  

This follows a report by The Edge Malaysia weekly, in its Aug 10-16 edition, that named him as a possible successor of Mohaiyani. The article noted that Zamzamzairani, 60, had just retired as chairman of UEM Sunrise Bhd in July. 

In a statement today, Maybank said Mohaiyani, 71, will retire following her nine years of service on the Maybank board. She was appointed as director of Maybank in August 2011, before being appointed as chairman in April 2017.  

“It has been a privilege to serve on the board of Maybank since 2011. I am especially grateful for the trust placed on me to lead this organisation as chairman over the last 3½ years. 

Tan Sri Zamzamzairani
Datuk Mohaiyani

“I retire knowing that the group remains on solid foundation to navigate through the current pandemic and emerge even stronger as one of the leading financial services groups in the region,” said Mohaiyani.

Maybank group president and chief executive officer Datuk Abdul Farid Alias said the board and management are grateful to Mohaiyani for her guidance over the past nine years. 

“She has had an illustrious career and her insights into the financial services industry are much sought after, and which she has willingly shared with all of us,” he said. 

Farid also welcomed the appointment of Zamzamzairani as the new chairman of Maybank, saying: “Zamzamzairani comes with extensive understanding of the corporate sector and brings great insights particularly in the technology space, critical to Maybank’s future growth and success.”

“The group looks forward to his guidance and leadership as we navigate through the challenging operating environment and continue with our growth agenda, with special focus on further strengthening our digital capabilities,” he added. 

Zamzamzairani holds a Bachelor of Science in Communications Engineering from Plymouth Polytechnic, United Kingdom, and has completed the Corporate Finance, Strategies for Creating Shareholder Value programme at Kellogg School of Management, Northwestern University, United States. 

Zamzamzairani, who has vast experience spanning more than 30 years in the telecommunication industry, served in Telekom Malaysia Bhd (TM) for 13 years before assuming key positions in several multinationals such as Global One Communications and Lucent Technologies (M) Sdn Bhd, where he was chief executive officer. 

He returned to TM in 2005 as senior vice president, group strategy and technology and was later promoted to the chief executive officer, Malaysia business, before being appointed as the group chief executive officer and managing director in April 2008 until his retirement on April 30, 2017. 

Under his leadership, TM successfully rolled out the highspeed broadband service in 2010, in a historic collaboration with the Malaysian government. 

Zamzamzairani’s directorships in other public companies include Malaysia Airlines Bhd and Malaysia Aviation Group Bhd. 

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Zamzamzairani to be appointed Maybank chairman — sources

S Kanagaraju