KUALA LUMPUR (Aug 7): Adrian Ong Chu Jin, the CEO cum non-independent executive director of MR DIY Group (M) Bhd, has been appointed to the Maxis Bhd board as an independent and non-executive director.

Ong will be joining the board of the telco company effective Tuesday (Aug 8), according to Maxis's filing with the local bourse.

Ong has served as CEO of MR DIY since 2019. He also serves as the non-executive chairman of MR DIY Holding (Thailand) Co Ltd.

His experience includes over 29 years in investment banking, private equity and public accounting across a range of industries. He was previously senior managing director of investment banking at CIMB, a director and head of fund at CIMB-Standard (now CapAsia) and the managing director at private equity firm Creador.

In those roles, Ong was responsible for advisory work for initial public offerings, debt and equity fundraising, mergers and acquisitions, as well as proprietary investments and divestitures across the Asia-Pacific.

Prior to these appointments, he had worked as an auditor for public accountants KPMG Kuala Lumpur and Kingston Smith in the UK.

Shares in Maxis closed up one sen or 0.25% to RM3.98 on Monday, valuing the group at RM31.17 billion.