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Md Farid Kairi is the new head of transaction banking at Maybank, Malaysia’s largest bank by assets.

He will still hold his role as deputy head of global markets and his appointment is part of a restructuring of their transaction banking team. He replaces John Wong, who will assume a more strategic role in the bank, it has been reported.

Maybank’s transaction banking and treasury services will become more aligned as part of the restructure, with Kairi playing a key role in both.