HSBC Bank Malaysia Bhd has appointed Datuk Kamaruddin bin Taib as Chairperson of its Board of Directors effective from April 1. 2022 and HSBC Amanah Malaysia Bhd appointed Datin Che Teh Ija Binti Mohd Jalil as Chairperson of its Board of Directors effective January 1, 2022.
Tan Sri Dato Krishnan Tan Boon Seng who is currently an Independent Non-Executive Director and Chairperson of the Board of Directors of HSBC Bank Malaysia, will retire from the Board on April 1, 2022.
Datuk Kamaruddin is presently the Independent Non-Executive Chairperson of HSBC Amanah. He will resign from the Board of HSBC Amanah and join the Board of HSBC Bank Malaysia as Independent Non-Executive Director on January 1, 2022. He will thereafter be appointed as Chairperson of HSBC Bank Malaysia’s Board of Directors on April 1, 2022.
Datuk Kamaruddin has significant experience in investment banking, corporate finance, mergers and acquisitions. His career started in 1980 with a leading Investment Bank in Malaysia. Subsequently, he served as a Director of several private organisations and companies listed on Bursa Malaysia. Apart from his vast experience of serving on the board of companies listed on Bursa Malaysia, he has also served on the board of companies listed on the Stock Exchange of India as well as listed on Nasdaq.
“For more than 130 years, HSBC has played a key role in Malaysia’s growth and development. Datuk Kamaruddin’s wealth of experience will enable HSBC Bank Malaysia to further strengthen our corporate and retail banking capabilities and accelerate investments in innovation and technology while focusing on the sustainable growth of the business in the country”, said Tan Sri Dato Krishnan Tan Boon Seng.
Datin Teh is currently an Independent Non-Executive Director of HSBC Bank Malaysia Bhd. She will resign from the Board of HSBC Bank Malaysia Bhd and join the Board of HSBC Amanah as Independent Non-Executive Chairperson on January 1, 2022.
In her 17 year career in Securities Commission Malaysia (SC), she has focused on capital market development and regulation, in particular, relating to the development of market intermediaries and the protection of investors through education and engagement.
During her time in public service, she gained invaluable experience in the areas of economic policymaking, financial markets development and regulation as well as international finance through her work on IMF, World Bank, WTO, APEC and ASEAN
issues representing the Malaysian Ministry of Finance. In addition to her experience as an independent executive director on the HSBC Malaysia board, she has also served on the board of a Malaysian public listed company and as a director of two SC and Bank Negara Malaysia affiliates.
Krishnan added, “As the new Chairperson of HSBC Amanah’s Board of Directors, Datin Teh will lead the Board and guide the bank’s Islamic subsidiary to accelerate the growth of the Islamic business in the country. Her in-depth understanding of the country’s financial landscape will be fundamental to enabling HSBC Amanah to achieve its ambition of having 51% of its financing assets comply with the Triple Bottom Line principles for the prosperity of people and the planet. Significantly, Datin Teh’s appointment as chairperson of HSBC Amanah’s Board of Directors reinforces the bank’s commitment to improving the representation of women on boards”.