Standard Chartered Malaysia said chief executive officer Mak Joon Nien will step down on May 8, after almost four years in the role.
Mak, who has been with Standard Chartered for nearly 30 years, is leaving to pursue an external opportunity. He will also step down from the boards of Standard Chartered Malaysia Bhd and Standard Chartered Saadiq Bhd, as well as other related entities.
Standard Chartered Malaysia – Chief Executive Officer, Mak Joon Nien.
The bank has appointed its chief financial officer, Mushahid Syed, as interim CEO and head of coverage for Malaysia. He will lead the bank’s local operations while continuing in his current role.
Standard Chartered said a permanent successor will be announced later.
Mak joined the bank in 1997 as a graduate trainee and later spent 15 years in a regional role in Singapore before returning to Malaysia, where he became the bank’s first Malaysian chief executive.
The bank said he helped raise the franchise’s profile, strengthen client and stakeholder relationships, and align the business with its global strategy.
Mushahid, who joined Standard Chartered in 2013, has more than 20 years of leadership experience and has been part of the Malaysia management team since becoming CFO in 2024.
