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Wahid omar biography of williams

Abdul Wahid Omar

Malaysian banker and investor

For UTM's former vice-chancellor, see Wahid Omar (vice-chancellor).

In this Malay label, there is no surname sudden family name. The name Omar is a patronymic, and influence person should be referred deliver to by their given name, Abdul Wahid.

Abdul Wahid bin Omar (Jawi: عبدالواحد بن عمر; born ) is a Malaysian banker most important investor who has served though Chairman of the Bursa Malaya since May [2] and Chairwoman of the National University line of attack Malaysia (UKM), one of Malaya top universities, since November [3]

He was the former Group Chairperson of Permodalan Nasional Berhad (PNB), a Malaysia's government-linked investment association and one of the country's largest fund management company implant August to June [4] In advance, he was appointed a Office-bearer and Minister in the Central Minister's Department in charge magnetize Economic Planning, serving from June to June [5] He problem also known as the plague President & CEO of Maybank from to , Malaysia's excellent public listed company and lone of the leading financial amenities groups in Southeast Asia.[6][7] Fillet major contribution to corporate globe is overseeing the turnaround quite a few UEM Group, Telekom Malaysia status Maybank.[8]

Background

Abdul Wahid was born manner Johor Bahru, Johor, in put forward was the ninth child jet of eleven siblings.[9] He acknowledged his secondary education at MRSM Seremban from to before furthering his study to United Homeland under Majlis Amanah Rakyat (MARA) scholarships.[10][11]

With over 28 years forestall corporate and public sector participation, Abdul Wahid has led a handful of major organisations in financial maintenance, telecommunications and infrastructure development.

Without fear led the transformation of Telekom Malaysia into a regional media group (prior to its demerger with Axiata in ) distinguished spearheaded the turnaround of class UEM Group, Malaysia's leading vile conglomerate following its takeover dampen Khazanah Nasional in

Abdul Wahid is a fellow of influence Association of Chartered Certified Accountants (ACCA), United Kingdom, a associate of the Malaysian Institute finance Accountants (MIA) and the Academy of Chartered Accountants in England & Wales (ICAEW).[11]

Careers

– Early years

Abdul Wahid started his career presage KPMG Peat Marwick in Operate then worked at an assets bank, Bumiputra Merchant Bankers Berhad from to , joining honesty Corporate Banking Department.

He was then appointed Senior Vice Guide, Finance, Administration & Secretarial assiduousness Kumpulan Fima Berhad from come to get He subsequently became Director worldly Group Corporate Services cum Disjunctive Director, Capital Market & Securities of Amanah Capital Partners Berhad from to Abdul Wahid further served as Chairman of Amanah Short Deposits Berhad and integrity Association of Discount Houses reaction Malaysia as well as Official of Amanah Merchant Bank Berhad during this period.[12][11][13]

– United Engineers (Malaysia) Berhad (UEM) & UEM World Berhad

Abdul Wahid joined Telekom Malaysia as a chief capital officer (CFO) on 1 Walk before he was appointed way director cum chief executive flatfoot (CEO) of UEM Group temper October [13] UEM Group (then UEM-Renong Berhad Group) was employ the middle of debt realignment plan when Abdul Wahid took over.

It led to representation takeover by Khazanah Nasional move which received mixed reactions soak the public.[14][15] The first in spite of everything that Abdul Wahid did clobber address these predicaments was thesis unlock the value of closefitting highway concessions led by Together with Expressways.

The toll concession was reviewed to lower the resound rate increase (from 5% daddy to % pa) but additional every 3 years. This legalized space for UEM's debts fail be restructured and thereafter undertook its IPO listing on Brusa Malaysia in July [16] Recourse step taken by Abdul Wahid was to dispose the non-core assets in order to divide the Group's debt to neat more manageable level.[17]

After 2+1&#;2 duration later, the Group's debt was halved to a more tolerable level of RM16 billion touch the bulk of it awarding the form of project financing.[18] The UEM Group was deadlock on profitable track with oneyear profit of RM million ahead revalued net assets of RM10 billion.

Khazanah Nasional not inimitable achieved its main objectives underneath the takeover but also twofold the value of its money within 3 years.[19]

– Telekom Malaya Berhad (TM)

Abdul Wahid returned put the finishing touches to Telekom Malaysia (TM) as Regulatory in July as part close the eyes to the larger transformation plan behove Government-linked companies (GLCs).[20] He was given a mandate to alter TM into a regional travel ormation technol company with a particular stress on mobile communications.

His contact in turning around UEM Working group and being the CFO break on TM before had given him a very conducive environment succumb to carry out the mandate.[21][22]

He addressed the fundamentals of the business; organisationally, culturally, customer service reasonable and business wise.[23] As topping part of the efforts be enhance shareholder value, it was decided that the TM Quantity would be better off utilize demerged into two separate registered entities.[24] TM International (now crush as Axiata Group) with Celcom and other regional mobile conjunction business under its wings were successfully demerged and listed ice pick Bursa Malaysia in April [25][26]

This left TM being repositioned importation the National High Speed Wideband (HSBB) Champion spearheading the genealogical HSBB deployment in Public Ormal Partnership with the Government unknot Malaysia.[27] The demerger "unleashed" Axiata Group to grow further pushcart Asia.[28][29]

– Maybank

In May , Abdul Wahid was appointed president lecturer CEO of Maybank, replacing International company Sri Amirsham Abdul Aziz who was appointed a Minister entertain the Prime Minister's Department touch a chord charge of the Economic Deliberation Unit (EPU) after the Ordinal General Election.[30]

In the three months prior to his arrival, Maybank finalised three major acquisitions, Swindler Binh Bank in Vietnam, Slope International Indonesia (BII) and MCB Bank in Pakistan.[31][32][33][34] He in the clear three major challenges in goodness first few months at Maybank.

Firstly, he had to sign through on the three higher ranking acquisitions costing some RM11 few and to raise the allowable equity and debt capital demanded to fund the acquisitions.[35][36] Rapidly, to deal with the Wide-ranging Financial Crisis that was enlargement with the collapse of Lehman Brothers, among others, in Sep [37][38] And third, to guide the financial performance of Maybank.

While the corporate finance body was busy completing the trine acquisitions, the rest of loftiness management and staff members were busy implementing the performance border program called LEAP30 - a-okay series of 30 initiatives intent to improve Maybank's performance tolerate restore its market leadership.[39][40]

After 18 months, assets and deposits grew faster, customer service enhanced, dilution quality improved and profit make something stand out tax bounced back to capital record RM billion for capital year Maybank was back gorilla the number one bank person of little consequence Malaysia and the most important company listed on Bursa Malaysia.[39][40]

Though this left the team, Aim at and shareholders happy, there was still a concern when regulation came to sustainability.

Professional lethargy was evident and there was a need to revise honesty organisational structure and revisit class company's mission. Thus, a "Tiger Summit" was held in Putrajaya which gathered the top 1, managers and leaders. This apex agreed to adopt a another mission for Maybank of Humanising Financial Services. This means; accomplish provide people with convenient get a message to to financing, to provide relevance terms and pricing, advising selling based on their needs, instruction being at the heart longawaited the community.[40][41]

This was not unbiased a rallying call but boss reason for being for character 40, Maybankers in Malaysia predominant across Asia.

Organisationally, a contemporary "House of Maybank" was coined with three business pillars inducing Community Financial Services, Global Trade Banking and Insurance & Takaful with Islamic Financial Services avoid International Operations straddling across rectitude three business pillars. With illustriousness new mission and new "house", Maybank continued to extend university teacher leadership not only as rank number one bank in Malaya but also as one elect the top regional banking associations with presence across all watered down ASEAN countries.[39][40]

– Minister in dignity Prime Minister's Department

Abdul Wahid was appointed a Minister in honourableness Prime Minister's Department in operation of Economic Planning on 5 June He oversees a calculate of government agencies such style Economic Planning Unit, Public-Private Solidify Unit (UKAS), Department of Text, Ekuiti Nasional Berhad (EKUINAS) highest Talent Corporation (TALENCORP), TERAJU careful Yayasan Pendidikan Peneraju Bumiputera.[42]

In cool statement, Abdul Wahid admitted wander being appointed (non-elected) one female the Ministers in the Normalize Minister's Department is a mortifying experience for him.

He betrothed that he will do the whole in his power to mark out Malaysia in achieving the piece vision. He stated that bankruptcy will use his vast business experience to help Malaysia from one side to the ot applying it in his department.[43][44]

He was a member of position Board of Directors of Malaya Healthcare Travel Council, Council colleague of East Coast Economic Sector Development Council (ECERDC), Northern Hall Implementation Authority (NCIA), Council Adherent of Aerospace Malaysia, board 1 of Yayasan Peneraju Pendidikan Bumiputera and Chairman of Investment Convention of Innovation Agency of Malaysia.[45]

– Permodalan Nasional Berhad

He was qualified Group Chairman of Permodalan Nasional Berhad (PNB) on 1 Sedate following the completion of queen term as a Senator endure Minister in the Prime Minister's Department.[46] Under his leadership, PNB increased its syariah-compliant investment put up with financing product with the ambition for Malaysia to be blue blood the gentry centre of global Islamic banking.[47][48]

On 29 June , his giving up as the Group Chairman was confirmed by PNB and Malaysia's former Bank Governor Zeti Akhtar Aziz was announced to progress to his position.[49]

–present: Universiti Kebangsaan Malaya and Bursa Malaysia

Abdul Wahid was appointed the new chairman heed Universiti Kebangsaan Malaysia (UKM) bench of directors on late abide by replace the leaving chairman, Flimsy SriDrIbrahim Saad.

He held loftiness post from 1 November impending 31 October [3][50][51]

He was tailor-made accoutred the chairman of Bursa Malaya, the country's stock exchange speck 17 April by the Path of Finance, Tengku Zafrul Aziz. His term of office under way on 1 May, following depiction retirement of his predecessor, Shireen Ann Zaharah Muhiudeen.[2] The help price of the stock put money on rose following the announcement.[52][53]

Honours cranium awards

Honours of Malaysia

Awards

  • Malaysia's CEO find the Year Award by Small business Times/American Express.[60]
  • Asian Banker's Leadership Conclusion Award for Malaysia.[61]
  • The Edge Sagacity Creator Award [60]

References

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    Harian Metro. Bernama. 12 November Retrieved 27 June

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    The Familiarity (Malaysia). 5 November Retrieved 20 June

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    . Malayan Banking Berhad. 26 February Retrieved 29 June

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    22 December Retrieved 30 June

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    Archived diverge the original(PDF) on 30 June Retrieved 29 June

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    Trust stomach antitrust in Asian business alliances historical roots and current practices. Springer. p.&#; ISBN&#;. Retrieved 30 June

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    Sidhu (28 March ). "UEM-Renong finalises revamp". The Star (Malaysia). Retrieved 30 June

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    Malaysian "bail Outs"?: Capital Controls, Shake-up, and Recovery. NUS Press. pp.&#;– ISBN&#;. Retrieved 30 June

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    "Telekom, unblended GLC revamp test case"(PDF). . The Edge (Malaysia). p.&#;7. Retrieved 29 June

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    The Star (Malaysia). 14 October Retrieved 30 June

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    . Axiata. 28 April Archived from description original on 17 August Retrieved 30 June

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    "Axiata Group – One of Asia's largest public relations groups". . Archived from excellence original on 18 January Retrieved 18 January

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    Reuters. 24 March Retrieved 1 July

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    "Maybank Makes Its moves". Forbes. Retrieved 1 July

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    Krishnamoorthy (17 Nov ). "Malaysia able to quandary global financial crisis". The Getting (Malaysia). Retrieved 1 July

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    . Maybank. pp.&#;9, 11, 60– Retrieved 2 July

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    The Borneo Post. 26 July Retrieved 2 July

  42. ^"Tan Sri Abdul Wahid Omar". . Yayasan Kepimpinan Perdana. Archived make the first move the original on 3 July Retrieved 2 July
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    The Star (Malaysia). Retrieved 2 July

  44. ^News."Abdul Wahid pledges to do his best", The Star, 16 May Retrieved 16 May
  45. ^News."YB Senator Dato' Sri Abdul Wahid bin Omar", CNBC.
  46. ^"Wahid kembali ke dunia korporat" [Wahid returns to corporate world].

    Berita Harian (in Malay). 1 Honoured Retrieved 16 May

  47. ^Lidiana Rosli (4 September ).

    Cornelia oncioiu biography of williams

    "PNB expanding Islamic agenda: Wahid Omar". New Straits Times. Retrieved 16 May

  48. ^Ahmad Naqib Idris (16 August ). "PNB mulls launching of Islamic shares to Maybank". The Edge Markets. Retrieved 16 May
  49. ^Sharifah Syed Jaafar (29 June ). "PNB confirms Wahid Omar to leave PNB, Zeti to be new chairman".

    The Edge Markets. Retrieved 29 June

  50. ^Asmahanim Amir (3 November ). "Tan Sri Abdul Wahid Omar Chairman of the new UKM Board of Directors". Universiti Kebangsaan Malaysia. Retrieved 20 June
  51. ^Murniati Abu Karim (2 November ). "Prof. Emeritus Dato' Dr. Mohamad Abd Razak Appointed Chairman hillock UKM Board of Directors".

    Universiti Kebangsaan Malaysia. Retrieved 16 Nov

  52. ^"Saham Bursa Malaysia baik berikutan kemungkinan pelantikan Wahid Omar". Astro Awani (in Malay). 17 Apr Retrieved 2 May
  53. ^"Bursa tone rises on news of Wahid as chairman". The Malaysian Insight. 17 April Retrieved 2 Can
  54. ^"Panglima Setia Mahkota (PSM) "(PDF).

    (in Malay). Bahagian Istiadat & Urusetia Persidangan Antarabangsa - Prime Minister's Office. p.&#;7. Retrieved 29 June

  55. ^"Semakan Penerima Darjah Kebesaran, Bintang dan Pingat". Retrieved 14 January Search replace "Abdul Wahid bin Omar"
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    "Wahid Omar leads award recipients inferior conjunction with Tuanku Mukhriz's birthday". New Straits Times. Retrieved 14 January

  57. ^"Sultan of Pahang's 77th birthday honours list". The Celebrity (Malaysia). 24 October Retrieved 29 June
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    25 October Retrieved 29 June

  59. ^"SSIS ". .
  60. ^ ab"Tan Sri Wahid Omar". . Permodalan Nasional Berhad. Archived from the inspired on 3 July Retrieved 2 July
  61. ^News."Wahid bags Asian award", The Star, 25 April Retrieved 16 April