{"id":2710,"date":"2023-01-02T22:57:51","date_gmt":"2023-01-02T14:57:51","guid":{"rendered":"https:\/\/old.datukdato.com\/?p=2710"},"modified":"2023-01-02T23:32:06","modified_gmt":"2023-01-02T15:32:06","slug":"turnaround-efforts-of-datuk-wan-razlyabdullah-wan-ali","status":"publish","type":"post","link":"https:\/\/old.datukdato.com\/ma\/2023\/01\/02\/turnaround-efforts-of-datuk-wan-razlyabdullah-wan-ali\/","title":{"rendered":"Usaha pemulihan Datuk Wan Razly Abdullah Wan Ali"},"content":{"rendered":"
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Datuk Wan Razly Abdullah Wan Ali <\/strong><\/figcaption><\/figure>\n\n\n\n

Datuk Wan Razly’s efforts to transform Affin Bank into a stronger entity, part of which involved the lender having to divest some of its noncore assets, have put him in the news this year.<\/p>\n\n\n\n

The 51-year-old joined the country’s second-smallest of eight banking groups in April 2020 and wasted no time in pushing through moves to build up its brand, strengthen its balance sheet – a source of many of its past problems – and invest in technology. This year, in a landmark deal, the bank sold its entire 63% stake in Affin Hwang Asset Management Bhd (AHAM) to private equity firm eve Capital Partners for RMl.42 billion in cash.<\/p>\n\n\n\n

The divestment, which was completed in late July, enabled Affin Bank to boost its capital ratios and provide much-needed capital to fuel the growth of its fast-growing Islamic banking subsidiary. It was also later able to declare a special dividend of 18.09 sen per share, bringing cheer to shareholders.<\/p>\n\n\n\n

Later in the year, the bank sold part of itsholdings in its insurance business to Generali Asia NV. The move will result in Generali becoming its new joint-venture partner for their merged general insurance business – now the country’s second largest – while its old partner,AXA, exited in the process.<\/p>\n\n\n\n

Investors, taking note of the once-sleepy bank’s improved numbers and expecting bumper dividends, drove up its share price strongly this year. As of Dec 15, the stock had gained about 34.9% year-to-date to RM2, among the highest YTD gains among banks. Datuk Wan Razly, a former director of Synergy Drive Sdn Bhd – the special purpose vehicle set up to undertake the 2007 mega-merger between Sime Darby Bhd, Kumpulan Guthrie Bhd and Golden Hope Plantations Bhd will be watched for whether he can sustain the bank’s positive momentum amid a bleaker economic outlook.
Investors especially want to see how he will fill the substantial earnings hole left by AHAM. <\/p>\n\n\n\n

Article from The Edge, Newspaper \/ Magazine Publication dated 26 Dec 2022 – By Adeline Paul Raj
Semua hak terpelihara kepada pemilik dan pengarang artikel masing-masing.<\/p>","protected":false},"excerpt":{"rendered":"

Datuk Wan Razly’s efforts to transform Affin Bank into a stronger entity, part of which involved the lender having to divest some of its noncore assets, have put him in the news this year. The 51-year-old joined the country’s second-smallest of eight banking groups in April 2020 and wasted no time in pushing through moves …<\/p>\n

Usaha pemulihan Datuk Wan Razly Abdullah Wan Ali<\/span> Baca Lagi \u00bb<\/a><\/p>","protected":false},"author":1,"featured_media":2724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[62,45],"tags":[],"class_list":["post-2710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-news"],"uagb_featured_image_src":{"full":["https:\/\/old.datukdato.com\/wp-content\/uploads\/2023\/01\/Datuk-Wan-Razly-Affin-Bank-w-building-header-v3-datukdato.com-01.png",1450,1081,false],"thumbnail":["https:\/\/old.datukdato.com\/wp-content\/uploads\/2023\/01\/Datuk-Wan-Razly-Affin-Bank-w-building-header-v3-datukdato.com-01-150x150.png",150,150,true],"medium":["https:\/\/old.datukdato.com\/wp-content\/uploads\/2023\/01\/Datuk-Wan-Razly-Affin-Bank-w-building-header-v3-datukdato.com-01-300x224.png",300,224,true],"medium_large":["https:\/\/old.datukdato.com\/wp-content\/uploads\/2023\/01\/Datuk-Wan-Razly-Affin-Bank-w-building-header-v3-datukdato.com-01-768x573.png",768,573,true],"large":["https:\/\/old.datukdato.com\/wp-content\/uploads\/2023\/01\/Datuk-Wan-Razly-Affin-Bank-w-building-header-v3-datukdato.com-01-1024x763.png",1024,763,true],"1536x1536":["https:\/\/old.datukdato.com\/wp-content\/uploads\/2023\/01\/Datuk-Wan-Razly-Affin-Bank-w-building-header-v3-datukdato.com-01.png",1450,1081,false],"2048x2048":["https:\/\/old.datukdato.com\/wp-content\/uploads\/2023\/01\/Datuk-Wan-Razly-Affin-Bank-w-building-header-v3-datukdato.com-01.png",1450,1081,false],"trp-custom-language-flag":["https:\/\/old.datukdato.com\/wp-content\/uploads\/2023\/01\/Datuk-Wan-Razly-Affin-Bank-w-building-header-v3-datukdato.com-01.png",16,12,false],"tp-image-grid":["https:\/\/old.datukdato.com\/wp-content\/uploads\/2023\/01\/Datuk-Wan-Razly-Affin-Bank-w-building-header-v3-datukdato.com-01.png",700,522,false]},"uagb_author_info":{"display_name":"datukdato.com","author_link":"https:\/\/old.datukdato.com\/ma\/author\/datukdato\/"},"uagb_comment_info":9,"uagb_excerpt":"Datuk Wan Razly’s efforts to transform Affin Bank into a stronger entity, part of which involved the lender having to divest some of its noncore assets, have put him in the news this year. The 51-year-old joined the country’s second-smallest of eight banking groups in April 2020 and wasted no time in pushing through moves…","_links":{"self":[{"href":"https:\/\/old.datukdato.com\/ma\/wp-json\/wp\/v2\/posts\/2710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/old.datukdato.com\/ma\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/old.datukdato.com\/ma\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/old.datukdato.com\/ma\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/old.datukdato.com\/ma\/wp-json\/wp\/v2\/comments?post=2710"}],"version-history":[{"count":0,"href":"https:\/\/old.datukdato.com\/ma\/wp-json\/wp\/v2\/posts\/2710\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/old.datukdato.com\/ma\/wp-json\/wp\/v2\/media\/2724"}],"wp:attachment":[{"href":"https:\/\/old.datukdato.com\/ma\/wp-json\/wp\/v2\/media?parent=2710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.datukdato.com\/ma\/wp-json\/wp\/v2\/categories?post=2710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.datukdato.com\/ma\/wp-json\/wp\/v2\/tags?post=2710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}