Malayan Banking Bhd (Maybank) has extended the contract of its Group President and Chief Executive Officer, Datuk Khairussaleh Ramli, for an additional three years, according to a report by The Edge, citing sources familiar with the matter.
The extension enables Khairussaleh to see through the completion of the bank’s strategic M25+ plan, set to conclude in 2025, and to lay the foundation for its next phase of growth. Appointed on 1 May 2022, Khairussaleh has since led the group through a period of steady performance and transformation. Under his leadership, Maybank’s shares have recorded a total return of 36%, significantly outperforming the benchmark FTSE Bursa Malaysia KLCI Index, which gained just 6.4% in the same period.
A Maybank spokesperson declined to comment on the extension.
As Malaysia’s largest financial institution, Maybank continues to strengthen its regional presence while preparing for a major transition. The group is scheduled to relocate its headquarters to Merdeka 118—set to become the world’s second tallest skyscraper—starting in the second quarter of 2026. The move marks a new chapter for the bank, which will be the tower’s largest tenant.
Khairussaleh, who turns 58 this year, brings over three decades of experience in banking and financial services, and his reappointment is seen as a signal of continuity and confidence in the bank’s long-term direction.
