Abdul Wahid Omar wins the Asian Banker Leadership Achievement Award 2013 for Malaysia. Maybank is named Best Managed Bank in Malaysia
- In the period under review, Maybank turned around its financial performance and strengthened its share of the domestic loan business
- Abdul Wahid’s took measures to regain shareholder confidence following a sharp drop in net profit in 2009
- Abdul Wahid led the Bank in growing net profit by more than 8 times to RM5.74 billion between 2009 and 2012.
Jakarta, Indonesia, April 23rd, 2013 – Abdul Wahid Omar, president and CEO of Maybank has been named the winner of The Asian Banker Leadership Achievement Award 2013 for Malaysia. Under his leadership, Maybank Group has also been recognized as The Best Managed Bank in Malaysia. Abdul Wahid received both awards at the Leadership Achievement Awards.Ceremony held in conjunction with The Asian Banker Summit 2013 at the Ritz Carlton Kuningan in Jakarta, on April 23rd 2013.
The Asian Banker and the Council of Advisors for the Leadership Achievement Awards programme were impressed with Abdul Wahid’s achievements in the period under review. Under his leadership, Maybank strengthened its share of the total consumer loan segment and continues to lead the market. Abdul Wahid’s biggest challenge as CEO of in 2010 when he had to regain shareholder confidence after net profit declined sharply from RM2.93 billion in 2008 to RM692 million in 2009 due to the impairment of acquisition investment in BII and MCB Bank of Pakistan.
Abdul Wahid has since led the Bank in growing net profit by more than 8 times to RM5.74 billion between 2009 and 2012. The improvement came on the back of a Group-wide transformation programme, known as LEAP 30. Abdul Wahid guidance has also led to strong improvement in performance from BII, with rapid profit growth since 2010.
Omar became president, CEO and executive director of Maybank in 2008 after a stint at Telekom Malaysia, a local state-invested telecom group where he was CEO for four years. A chartered accountant, he spent about ten years in the financial industry prior to this, starting his career in banking in 1998.
With the remarkable recovery that the bank made under his leadership, Abdul Wahid rightfully wins the Leadership Achievement Award for Malaysia in 2013 and leads Maybank to the Best Managed Bank award win.
The Leadership Achievement Award is a recognition programme that is run once every three years to assess the leadership of bank chairmen and CEOs on their respective businesses and the industry as a whole. This is the most important award programme that the Asian Banker runs because it underscores the importance of sound and visionary leadership in directing the future of the industry.
This is the most prestigious award for individual achievement in the banking industry in the Asia Pacific region today. The award plays an important role in cultivating a culture of excellence amongst people in leadership positions.
The selection process behind the award programme is a highly rigorous one. It takes stock of financial performance, the stated vision and strategy of the leaders as well as actual achievements, the feedbackof staff, customers, investors and the industry through various surveys, a study of the management team and finally is validated by an experienced council of advisors.