CEO Morning Brief

AmBank Group Denies Chairman’s Link to ARJ Group

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Publish date: Thu, 21 Dec 2023, 10:59 AM
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TheEdge CEO Morning Brief

KUALA LUMPUR (Dec 20): AmBank Group has denied any affiliation or association between its chairman emeritus and honorary adviser Tan Sri Azman Hashim and ARJ Group Management & Services Asia.

The banking group said that it had come to the group’s attention that Azman has been linked with ARJ Group, which listed him as one of its directors.

“We wish to clarify and confirm that Tan Sri Azman Hashim has no affiliation or association whatsoever with ARJ Group Management & Services Asia.

“We kindly request the public and our stakeholders to exercise caution and verify information regarding any association purportedly involving Tan Sri Azman Hashim with due diligence,” AmBank Group said in a statement.

According to its website, Azman was appointed as chairman emeritus and honorary adviser of AmBank Group April 30, 2022 after stepping down as chairman on April 29, 2022.

His contribution, experience and insights led to AMMB Holdings Bhd acknowledging and appointing him to that position.

Shares in AmBank Holdings ended the day four sen or 1% lower at RM4.03, giving it a market capitalisation of RM13.4 billion.

Source: TheEdge - 21 Dec 2023

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