<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 3): Datuk Fad'l Mohamed has resigned as CEO of Maybank Investment Bank Bhd (Maybank IB).</p></div>

<div class=newsTextDataWrapInner><p>In a statement, the investment bank said its chief operating officer Tengku Ariff Azhar Tengku Mohamed has been appointed its officer-in-charge effective Wednesday, after Fad'l stepped down.</p></div>

<div class=newsTextDataWrapInner><p>"On behalf of Maybank Group, I extend my deepest gratitude to Fad'l for his invaluable contributions over the past nine years," said Maybank group CEO of global banking Datuk Muzaffar Hisham in the statement.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"He has played a pivotal role in steering the growth of our investment banking franchise in Malaysia, winning deals and accolades, and supporting the achievement of Maybank’s M25+ strategic priorities. We wish him well in his new undertakings," he added.</p></div>

<div class="mt-3 embed-right imgw-300"><img alt="" src="https://assets.theedgemarkets.com/pics/2023/Tengku-Ariff-mbbib.jpg" />
<div class="thumb-cap">Tengku Ariff Azhar Tengku Mohamed (Photo courtesy of Maybank)</div>
</div>

<div class=newsTextDataWrapInner><p>According to Maybank IB, Tengku Ariff will be responsible for the investment bank's day-to-day management on top of his COO duties, until a new CEO is appointed.</p></div>

<div class=newsTextDataWrapInner><p>Fad'l joined the investment bank as its deputy CEO back in 2015, before being promoted to CEO in 2018.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:</em><br />
<a href="https://theedgemalaysia.com/article/maybank-ib-appoints-fad%E2%80%99l-mohamed-deputy-ceo-confirms-edge-report" target="_blank"><em>Maybank IB appoints Fad’l Mohamed as Deputy CEO, confirms Edge report</em></a><br />
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