4 May 2026, Kuala Lumpur – Standard Chartered Malaysia ("the Bank") today announced that Mushahid Syed ("Mush") has been appointed interim chief executive officer ("CEO") and head of coverage, Malaysia, in addition to his current role as chief financial officer ("CFO"), Malaysia, effective 8 May 2026.

Mush will assume overall leadership of the Malaysia franchise and will continue to work closely with the Corporate & Investment Banking Coverage team, providing leadership and continuity across the business. An announcement of the permanent successor will follow in due course.

As a seasoned CFO and managing director, Mush has over 20 years of leadership experience in driving balance sheet optimisation, cost/capital efficiency and revenue uplift. Mush joined the Bank in 2013 and since taking on the CFO Malaysia role in 2024, Mush has been a core member of the Country Management Team and Executive Committee in helping drive business performance and strategy.

Having decided to pursue an external opportunity, Mak Joon Nien ("Mak") will step down from his role as CEO and coverage head, after nearly 30 years with Standard Chartered. Mak will also step down from the Boards of Standard Chartered Malaysia Berhad and Standard Chartered Saadiq Berhad, as well as his other Board roles across Standard Chartered affiliated entities.

Mak has had a long and distinguished career with the Bank for 30 years. He joined in 1997 as a graduate trainee in Malaysia, 15 years in a regional role in Singapore before returning to Malaysia, and eventually assuming the CEO role. He is the Bank's first homegrown Malaysian CEO and for the past four years, he has significantly enhanced the profile of the franchise, strengthened key client and stakeholder relationships and driven the business in line with the Bank's global CIB and WRB strategies. The Bank would like to thank Mak for his invaluable contribution.

Malaysia and its position as a key connector for ASEAN are critical for Standard Chartered's strategic focus as a leading cross-border and affluent bank. The Bank's Malaysia franchise continues to perform strongly across both businesses and is an important market the group remains committed to growing as it has over the last 150 years.

Re-disseminated by The Asian Banker