Megat will step down on March 31, Maybank said in a filing to Bursa Malaysia today.
Mohaiyani, who was appointed a director of Maybank on Aug 22, 2011, also serves as a board committee member of the Credit Review Committee and Risk Management Committee.
She was with Amanah Chase Merchant Bank Bhd and Seagrott & Campbell Sdn Bhd before starting her own stockbroking company, Mohaiyani Securities Sdn Bhd, in 1985 and assumed the role of managing director.
During her involvement in the stockbroking industry, she was appointed as deputy chairman of the Kuala Lumpur Stock Exchange (now known as Bursa Malaysia Bhd) and chairman of Association of Stockbroking Companies Malaysia.
She had also been appointed a member of several high-level national working groups such as the National Economic Action Council, National Economic Consultative Council II and National Information Technology Council.
Her current directorships in companies within the Maybank Group include chairman of Maybank Investment Bank Bhd and Maybank Kim Eng Holdings Ltd.
Megat was appointed director and chairman of Maybank, the country’s largest public-listed company, on Oct 1, 2009.
“I leave the group heartened that it has stronger capabilities to pursue its vision, and I would like to thank my fellow board members, as well as the management and staff, for their overwhelming support and commitment to strengthening the Maybank brand and reputation, and maintaining its stature as Malaysia’s top public-listed company.
“I will treasure these memories, and am confident that Maybank will achieve even greater success in the years ahead through the teamwork and dedication of all its people in its various geographies around the world,” Megat said in a statement today.
Maybank group president and chief executive officer Abdul Farid Alias said the board and management were grateful to Megat for his strong leadership, especially over the last seven and a half years.
“He is a visionary leader who constantly challenged us to scale greater heights, and successfully steered the Group through some of the most challenging global economic situations,” Abdul Farid said.
Abdul Farid said the appointment of Mohaiyani as chairman augured well for Maybank and would ensure continuity at the board, given that she has been serving as a director of Maybank for over five years.
“Datuk Mohaiyani has had an impressive career and extensive experience not only in the financial services industry but also in public service.
“As a member of the current board, she will already have insights into all aspects of the group and we are confident she will lead Maybank effectively as she takes up the new position,” he said.