Maybank announced that Dato' Sri Abdul Farid Alias has indicated he will not be seeking a renewal of his contract as Group President & CEO (GPCEO) of Maybank, which is set to expire on 1 August 2022. Dato' Sri Farid, who has held the position as GPCEO of Maybank since 2 August 2013, has informed the Maybank Board of Directors that he would like to pursue his own interests following the conclusion of his third term as GPCEO. Dato' Sri Farid, 52, began his banking career in Aseambankers, a subsidiary in the Maybank Group in January 1992 before broadening his experience with Schroders, Malaysia International Merchant Bankers, JP Morgan and Khazanah Nasional Berhad.

He re-joined Maybank in January 2009, holding several key business positions including as the Head of International Business and Deputy President and Head, Global Banking before his appointment as GPCEO.