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KUALA LUMPUR: Malayan Banking Bhd (Maybank) has appointed Dr Siew Chan Cheong as group chief strategy officer effective today, succeeding Michael Foong.

Foong, who concurrently held the position as group chief strategy officer in addition to CEO of International. He remains the CEO of International.

In a statement, the bank said Siew will be responsible for developing and executing strategies for the group.

He will assist and report to the group president & CEO (GPCEO) of Maybank, and work closely with the board and the leadership team.

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Maybank said Siew will also be responsible for broadening and deepening the digitalisation agenda and for driving the industrialisation and adoption of analytics across the group to achieve business goals.

Siew has over 20 years of experience in formulating and implementing multi-country transformation strategies across various industries and organisations, including major banks in Europe and Asia.

He was most recently the group chief strategy and innovation officer of the RHB Banking Group.

Siew holds a PhD in Engineering and a Bachelor degree (1st Class Hons) in Engineering from the University of Southampton, UK. He also graduated with an MBA from the London Business School.