Malaysia's Maybank appoints John Chong to head investment banking unit

KUALA LUMPUR Wed Feb 12, 2014 8:54pm EST

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KUALA LUMPUR Feb 13 (Reuters) - Malayan Banking Bhd (Maybank), Malaysia's biggest lender by assets, said it has appointed John Chong to head its investment banking unit.

Chong replaces Tengku Zafrul Aziz, who resigned as Maybank Investment Bank's chief executive officer last September to join closest rival CIMB Group Holdings Bhd as head of investment banking.

Chong, 46, was previously Maybank Investment Bank's deputy chief and had assumed the role as interim officer-in-charge of the investment bank and acting head of Maybank Kim Eng Group after Tengku Zafrul's departure. (Reporting By Yantoultra Ngui; Editing by Supriya Kurane)

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