SMBC MALAYSIA ANNOUNCES APPOINTMENT OF CHAIRMAN AND INDEPENDENT NON-EXECUTIVE DIRECTOR

KUALA LUMPUR, May 30 (Bernama) -- SMBC Malaysia (“SMBCMY”) today announced two new appointments to its Board of Directors.

Mr Chin Kok Sang (Tony), 60 is appointed as Chairman of SMBCMY effective 15 May 2018.  He replaces Dato’ Md Agil Mohd Natt who retired as Chairman of the Board of Directors on 1 April 2018.

Mr Chin has been an Independent Non-Executive Director (“INED”) of SMBCMY since 18 September 2015. During his tenure as INED, he has served as Chairman of both the Board Audit Committee (“BAC”) and the Board Nominations and Remuneration Committee (“BNRC”), and as a member of the Board Risk Management Committee (“BRMC”).

Mr Chin has over 30 years of experience in the banking and finance industry. He spent 14 years with Societe Generale (SG) Group at its offices in Australia, Singapore and Malaysia. SG is an international banking group headquartered in Paris and listed on the Paris Stock Exchange.

Since 1998, Mr Chin has been a business consultant and corporate adviser to both public listed and unlisted companies in Malaysia as a Corporate and Debt Restructuring specialist. He has also held senior management positions and served as INED in several public listed companies in Malaysia and Singapore,  Mr Chin was the Group Chief Executive Officer of Denko Industrial Corporation Berhad (a company listed on Bursa Malaysia) between November 2011 and May 2015. 

Mr Chin holds a Bachelor of Commerce from University of Melbourne and is a Fellow Chartered Accountant, Chartered Accountants Australia and New Zealand.

Dato’ Wan Mohd Fadzmi Bin Che Wan Othman Fadzilah (“Dato’ Wan Fadzmi”), 52, has been appointed an INED of SMBCMY effective 1 April 2018. He will also assume the role as Chairman of the BRMC while concurrently serving as member of the BAC and BNRC.

Dato’ Wan Fadzmi has over 25 years of experience in the domestic and international banking industry, and has led key business units in London, New York and Hong Kong. During his tenure as President/Chief Executive Officer of Bank Pertanian (M) Berhad (Agrobank) from July 2011 to August 2017, he successfully transformed the bank from a conventional bank to a full-fledged Islamic Bank, making it one of the few banks in the world to have undergone such a transformation.

Dato’ Wan Fadzmi holds a Bachelor of Construction Economics from RMIT University in Australia. He is a Chartered Banker, Asian Institute of Chartered Bankers (AICB) and a Chartered Professional in Islamic Finance (CPIF). He has attended the Advanced Management Program at Wharton Business School and the Senior Executive Finance Program at the Templeton College, University of Oxford.

Dato’ Wan Fadzmi is also the INED of Chemical Company of Malaysia Berhad and Hap Seng Consolidated Berhad.

About Sumitomo Mitsui Banking Corporation

Sumitomo Mitsui Banking Corporation (“SMBC”) was established in April 2001 through the merger of two leading banks of The Sakura Bank, Ltd and The Sumitomo Bank, Ltd.

Sumitomo Mitsui Banking Corporation is one of the largest commercial banks in Japan, and works with other companies within the Group to provide a comprehensive suite of financial services to clients.

About Sumitomo Mitsui Banking Corporation Malaysia Berhad 

Sumitomo Mitsui Banking Corporation Malaysia Berhad (SMBCMY) is a public limited company incorporated and domiciled in Malaysia operating under a full banking license awarded by Bank Negara Malaysia in 2010 and commenced its business in April 2011. The Bank is principally engaged in full-fledged wholesale and institutional banking and its related financial services. As at 31 March 2018, the total assets of the Bank amounted to RM17.1bil.
 
The immediate and ultimate owners of the Bank are Sumitomo Mitsui Banking Corporation and Sumitomo Mitsui Financial Group, Inc. respectively. Both companies are incorporated in Japan.

Source : Sumitomo Mitsui Banking Corporation Malaysia Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
Name : Julie Lim
Planning Department
Sumitomo Mitsui Banking Corporation Malaysia Berhad
Tel : +603-2176 1410 / +6016-370 5300
Fax : +603-2165 1599
Email : julie_lim@my.smbc.co.jp

--BERNAMA