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Thursday, December 26, 2013

Suitability of Maybank CEO as a Minister

Malaysia government used to appoint CEO of Maybank as governor of Bank Negara. However, since internal promotion of Tan Sri Dato' Sri Dr. Zeti Akhtar Aziz as the 7th and current governor of Bank Negara Malaysia, Malaysia's central bank. Dr Zeti remain as governor of Bank Negara since May 2000, and was the first woman in the position. In 2013, Tan Sri Dr Zeti Akhtar Aziz has again been accorded “Grade A” among the heads of central banks for the 10th time by the Global Finance magazine.

Since the appointment of Tan Sri Dr Zeti. CEO of Maybank no longer get appointment to governor of Bank Negara. In fact, CEO of Maybank get appointment as Minister in Prime Minister Department. However, is this suitable?

One of renown political analyst, who is member of ruling party MCA, said in a TV interview that it is Minister of Prime Minister Department, Tan Sri Amirsham Abdul Aziz ,former president and chief executive officer of Maybank recommendation of numerous price hike of petrol that cause ruling party loss it 2/3 majority and the fall of Prime Minister  Datuk Seri Abdullah Ahmad Badawi.

Current Prime Minister Dato' Sri Najib appointed CEO of Maybank Dato' Seri Abdul Wahid Omar as Minister of Prime Minister Department again. I like Abdul Wahid Omar as he is from Corporate Finance Department. Personally, I like CEO from Corporate Finance. Journalist also like in as a CEO of various GLC as he always done his homework, well prepare, have all the figure, know all the fact and able to answer all query from journalist.

However, whether he is suitable as a Minister of Prime Minster Department is another question. The recent price hike of petrol, sugar, toll etc have cause a lot of dissatisfaction. He might have solve the twin deficit problem for the country. However, whether the pace and timing is political correct or not is yet to be see.

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