KUALA LUMPUR (Nov 6): AMMB Holdings Bhd has appointed Ling Fou-Tsong @ Jamie Ling as its group chief executive officer and chief executive officer of AmBank (M) Bhd, following the retirement of Datuk Sulaiman Mohd Tahir, effective Nov 23, 2023.
This confirms The Edge’s report on Sept 11, 2023, citing sources, that Sulaiman was leaving the country’s sixth-largest banking group by assets, as his contract was understood to be expiring this month.
In a Bursa Malaysia filing on Monday, AMMB said Sulaiman reached the company's retirement age of 60 in January earlier this year, having led the banking group for eight years through some of its “most demanding challenges”.
“Datuk Sulaiman leaves behind a legacy of strategic growth, talent development and digital transformation, ultimately positioning AmBank as a competitive, award-winning financial institution, serving a wide-ranging clientele,” AMMB chairman Tan Sri Md Nor Yusof said.
“On behalf of AMMB and its subsidiary boards, I wish to record our sincere appreciation for his contribution and wish him all the best in his next endeavour,” he added.
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On the other hand, Ling, a chartered accountant, previously served as the group chief financial officer from 2017, where he managed the full spectrum of AmBank Group’s finance, overseeing the group’s financial strategy and implementation.
Prior to that, Ling was the regional chief financial officer of Standard Chartered Bank for Greater China and Northeast Asia, covering Hong Kong, Taiwan, China, South Korea and Japan. He was also a board member of Standard Chartered (Hong Kong) Ltd and Hong Kong Note Printing Ltd.
“Jamie [Ling]’s in-depth commercial and financial experience covers key roles held in treasury, finance, risk management and sales in international banking institutions. His comprehensive career portfolio transcends across corporate, investment and retail banking, treasury, risk management and financial management,” AMMB said.
"The board believes that Jamie [Ling]’s broad and extensive experience in the banking industry, coupled with his strong leadership skill and vision, will further strengthen AmBank’s position in the industry and propel the bank to greater heights,” the bank added.
Shares of AMMB rose three sen or 0.78% to close at RM3.90 per share on Monday, bringing it a market capitalisation to RM12.93 billion.