AMMB Holdings Bhd (AmBank Group) has announced the resignation of its Group Chief Financial Officer (CFO), Shafiq Abdul Jabbar, effective 1 July 2025. According to a recent Bursa Malaysia filing, Shafiq will commence his garden leave starting 10 April.
Industry sources indicate that Shafiq is expected to take on the role of Group CFO at Malayan Banking Bhd (Maybank), filling the vacancy left by Khalijah Ismail earlier this year. Khalijah’s departure in February followed an internal inquiry, with Maybank citing non-compliance with internal procedures. While she has disputed the circumstances of her exit, the bank confirmed that no financial losses were incurred.
In the interim, Malique Firdaus Ahmad Sidique from Maybank’s Islamic banking division has been serving as acting CFO. Maybank has not issued an official statement regarding Shafiq’s potential appointment.
AmBank Group Chief Executive Officer Jamie Ling will assume oversight of the finance division pending the appointment of a new CFO. Ling, who previously served as the Group CFO, is expected to provide continuity during the transition.
Shafiq joined AmBank in February 2024 and brings extensive experience in financial leadership, having previously served as CFO at Astro Malaysia Holdings Bhd and CIMB Bank Bhd.
The potential move signals a key leadership reshuffle among two of Malaysia’s major banking institutions and may have strategic implications for both financial groups moving forward.
