Chinese New Year 2016
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MARCH 2016 No. 135 ambankgroup.com AmBank Group Hosts Chinese New Year 2016 pen House (Centrefold) AmBank Group Sarawak Region celebrates Family Day in Kuching, Sarawak (Pg18-19) inSIDE • AmBank Group Records Net Profit of RM1,022.2 million for 9MFY2016 (Pg8) 2 message We have appointed Cik Faradina Ghouse – many of whom have been with us for as the Group Chief Compliance Officer many years and appreciated the relationship (GCCO). With her wealth of experience with us. We intend to do so similarly in of over 20 years, I am confident she other Regions. This is part of our efforts to will be able to develop and drive a new improve and expand our banking business. Governance framework across the Group At the same time, we also held but success and effectiveness can only “Appreciation Lunch” for all the staff in be achieved if all staff are committed and Northern and Sarawak Regions. This was practise a culture of compliance. also a success and enabled staff to meet I would like to say thank you to and interact with Senior Management from Mr Y.Y. Chin, Mr. H.K. Leung and Dato’ Kuala Lumpur. The activities and variety Zainal Azmi Zainal Ariffin for their valuable performances by the staff also contributed contribution and support during their tenure to the strengthening our AmFamily spirit as Board Members of AMMB Holdings and also helped to realise more synergistic Berhad and AmGeneral Insurance Berhad benefits among AmBankers. and wish them continued good health, In addition, through activities organised happiness and success in their future by Kelab AmBank Group for the staff and undertakings. their families, the AmBank family remains Part of the process of becoming a connected as ever. This quarter, we stronger bank is by providing constant extended our engagement with staff and support and training to staff to serve clients beyond the office walls through customers better. The Global Markets and activities like the Sarawak Region Family Transaction Banking Team conducted Day, the Group’s Chinese New Year Open an intensive two-day Foreign Exchange House and the “Ola Bola” movie special Administration (FEA) and Foreign Exchange screening sessions with our clients. I want (FX) workshop to help familiarise branch to thank everyone for their hard work in staff with the remittance and FX business. making these events a success. It was with a heavy heart we recently Over at the Sarawak region, Deposit Lastly, I would like to thank all announced our Group results for the Business Engagement Programmes were AmBankers for your contribution and efforts financial year ended 31 March 2016. It conducted to keep all staff abreast on for the last quarter, and let us work together was our worst performing year ever since the latest products developments, events to improve and overcome the challenges I came into the bank in 1982 and except and financial updates. Good service and that we face in this new financial year. for the Asian Financial Crisis 1978/79 products are keys to retaining and attracting I am pleased to note that Kelab AmBank when we had our first and only loss. Last clients, and I applaud the teams for their Group under the leadership of Syed Anuar year’s performance in most areas also do continuous efforts in making positive has continued to organise many diverse not compare favourably with our peers. It progress. activities that have all received much is very clear that we, AmBankers, cannot On the business front, investors show support and participation from staff. Such continue doing business as usual. We have encouraging responses for AmInvest’s Bond healthy activities also generate and enhance to make an exceptional effort especially for ETF, which has increased its approved fund goodwill, friendship and the AmBank Group the current financial year ending 31 March size twice from 1.0 billion to 1.5 billion units ‘family’ spirit. 2017. For our expectations to be achieved, and thereafter to 2.25 billion units within we need the full support and commitment just two months. AmGeneral Insurance of all AmBankers. Berhad aims to solidify its position as a key In terms of business, AmBankers can insurance solutions provider by launching assist firstly by using our own products and the exclusive AutoGen Club that recognises also introduce them to family members, the support of their loyal partners, and relatives and friends. At the work place, signed a partnership agreement with Opal AmBankers need to be efficient, ensure Auto Mart. compliance to rules and regulations and Recently we held “Clients’ Appreciation” work as a team. dinners in Kuching and Penang. I felt that Tan Sri Azman Hashim As you are well aware, the Group has the functions were a success as we had the Chairman been challenged with Compliance issues. opportunity to meet with many of our clients AmBank Group TOTAL ASSETS MARKET CAPITALISATION NO. OF EMPLOYEES AmBank Group RM133.7 billion RM13.865 billion 11,337 at a Glance SHAREHOLDERS’ EQUITY SHARE PRICE BRANCH NETWORK RM15.2 billion RM4.60 per unit 175 AS AT 31 MARCH 2016 AS AT 31 MARCH 2016 AS AT 31 MARCH 2016 Editor: Syed Anuar Syed Ali, Head, Group Corporate Communications and Marketing, AmBank Group Contributors: Engku Ili Hanisah Engku Zainal Abidin, Mohd Farid Baharuddin, Gary Mark Nagan, Sheila@Mazila Md Diah, Somesh Naidu, Lee Yan Xiu, She Ai Li, Mohamed Radzi Ali, Roslyna Balkish. Published by AmBank (M) Berhad (Company No. 8515-D) Design & Production: Duocore Creatives Message from Group Chief Executive Officer 3 Dear AmBankers, We have just entered a new financial year – Some of our efforts have started to bear FY17. fruition. One key accomplishment recently is The Malaysian economy is expected to grow at our collaboration with SP Setia Bhd on the a credible 4.2% this year supported by domestic arrangement of RM315 million banking facilities activities and exports, complemented with a more for the Setia Eco Templer township project. stable currency and signs of improving This is one of the biggest eco-themed projects sentiments. As such, there is certainly potential in Klang Valley, to be launched this year. for AmBank Group to grow in the coming year. As we continue to grow our business, Nonetheless, to keep we must be cognizant that compliance is ourselves relevant in the critical to how we operate as a financial We have recently market, we need to embark institution. All AmBankers must take ownership developed a four on a new growth trajectory and participate in ensuring adherence to year groupwide to strengthen our franchise compliance. Ethics and integrity are also very and continue our efforts to important in the way we do things here at strategy which grow AmBank. At AmBank AmBank. Bearing this in mind, we have charts our vision Group, we have recently reinforced the Group’s Code of Ethics so that towards 2020 developed a four year all AmBankers understand, embrace and adopt groupwide strategy which this in our day to day work. charts our vision towards the It will be an exciting journey for us over the year 2020. There are specific growth segments next few years, starting with FY2017. Thank which we want to focus on with clear targets set you for your continuing efforts and contribution over the next four years. Emphasis will also be to the Group. I urge all AmBankers to continue placed on enablers such as people, IT, risk and believing in AmBank. As one team, we can finance to support our growth strategy. make a change in this firm and soar to greater We are now a few months into the new heights – together. financial year and I am pleased to share that we have seen momentum in our business with some recent wins in retail and wholesale banking. Dato’ Sulaiman Mohd Tahir We are penetrating new segments and have Group Chief Executive Officer started forging strategic alliances with some AmBank Group prominent business partners. As one team, we can make a change in this firm and soar to greater heights – together. 4 appointments Appointment of Group Chief Compliance Officer, AmBank Group AmBank Group (“The Group”) is pleased to announce the appointment of Faradina Ghouse as Group Chief Compliance Officer (GCCO) of AmBank Group effective 15 March 2016. Faradina joins The Group from Citigroup and brings with her over 20 years of experience in the financial services industry. She has extensive experience in Anti Money Laundering (AML), audit, risk and banking operations. Faradina holds a Bachelor of Management (Hons) from University of Science, Malaysia. AmGeneral Insurance Bids Farewell to Two of its Board of Directors Tan Sri Azman Hashim, Chairman, AmBank Group, said, “With the increased emphasis on Governance across the banking sector, it is indeed timely that we have brought KUALA LUMPUR | Thursday, 25 February 2016 Faradina on board, who I am certain will be able to drive – AmBank Group and AmGeneral Insurance the new paradigm in terms of compliance across the organised an intimate farewell lunch for Mr Leung Group.” Hoong Kuan @ Leong Thong Kuan and Dato’ Zainal “Please join me in welcoming Faradina to our AmBank Azmi Zainal Ariffin. The lunch was held at the family and that you will extend her your full support and banquet hall on Level 26, Bangunan AmBank cooperation.”, Tan Sri Azman added. Group and was attended by Tan Sri Azman Hashim, Chairman, AmBank Group. farewell 5 AmGeneral Insurance Bids Farewell to Two of its Board of Directors L-R: Derek Roberts, Chief Executive Officer, AmGeneral Insurance, Koid Phaik Gunn, Group Company Secretary, AmBank Group, Mr Leung Hoong Kuan @ Leong Thong Kuan, Tan Sri Azman Hashim, Dato’ Zainal Azmi Zainal Ariffin, Aidan Richard Pallister and Raymond Fam Chye Soon, Board Members, AmGeneral Insurance.