Maybank appoints new Group Chief Strategy Officer

15 August 2022

3-min read

Maybank has appointed Dr Siew Chan Cheong as its Group Chief Strategy Officer, effective 15 August 2022. Dr Siew will be responsible for developing and executing strategies for the Group. He will assist and report to the Group President & CEO (GPCEO) of Maybank, and work closely with the Board and the leadership team. He will also be responsible for broadening and deepening the digitalisation agenda and for driving the industrialisation and adoption of analytics across the Group to achieve business goals.


He takes over the role from Michael Foong who concurrently held the position as Group Chief Strategy Officer in addition to CEO of International. Michael remains the CEO of International.


Dr Siew has over 20 years of experience in formulating and implementing multi-country transformation strategies across various industries and organisations, including major banks in Europe and Asia. As a former Senior Strategy Consulting Director with Strategy& (formerly Booz & Company), he worked with large British and German banking clients as part of his London and Hong Kong postings to help these clients achieve renewed growth following the Global Financial Crisis in 2008. Since returning to work in Southeast Asia in 2014, he has supported top ASEAN financial institutions in the areas of business growth acceleration, talent, digital banking and big data analytics. Most recently, Dr Siew was the Group Chief Strategy & Innovation Officer of the RHB Banking Group.


He holds a PhD in Engineering and a Bachelor degree (1st Class Hons) in Engineering from the University of Southampton, UK. He also graduated with an MBA from the London Business School.  


GPCEO of Maybank, Dato’ Khairussaleh Ramli said Dr Siew’s breadth of knowledge, leadership skills and international experience makes him the right candidate to lead the Group’s medium- to long-term strategic vision.


“Dr Siew’s understanding of global trends and hands-on track record in responding to rapid digital changes will allow him to drive compelling and connected thinking within the organisation. This is key as we further pursue the Bank’s digital aspirations, explore new income drivers and adopt strategic transformation initiatives to drive better performance,” he said.