HSBC Bank Malaysia Bhd made Omar Siddiq its CEO on April 1, succeeding Stuart Milne, who retired after almost four years at the helm. At United Overseas Bank Malaysia Bhd (UOB), Ng Wei Wei became the lender’s first female CEO on May 1. Alliance Bank Malaysia Bhd will have Kellee Kam as its group CEO from Sept 1. With increasing competition, a consolidation of the banking industry is inevitable but the question is, will it happen sooner rather than later? Be that as it may, analysts list AMMB Holdings Bhd (AmBank), RHB Bank Bhd, Hong Leong Bank Bhd (HLBB) and even Public Bank Bhd as potential institutions where mergers and acquisitions (M&As) may pan out.

Source: The Edge Markets September 06, 2022 18:03 UTC