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June 03, 2015 8:26 PM ET


Company Overview of Alliance Bank Malaysia Berhad

Company Overview

Alliance Bank Malaysia Berhad provides various financing solutions in Malaysia. It offers hybrid, current, savings, insurable deposit, Islamic, and foreign currency current accounts; and fixed, flexible, and foreign currency fixed deposits. The company’s loan portfolio includes home financing, hire purchase, personal financing, equipment and business premises financing, general working capital loans, bridging finance, palm oil plantation financing, and government assistance schemes. It also provides life, personal accident, travel, home owner, credit life, commercial, and allied business products and services. In addition, the company offers investment products; share trading and share margi...

3rd Floor

Menara Multi-Purpose

Capital Square

8, Jalan Munshi Abdullah

Kuala Lumpur,  50100



60 3 2604 3333


60 3 2694 6200

Key Executives for Alliance Bank Malaysia Berhad

Group Chief Executive Officer
Group Chief Operating Officer
Chief Executive Officer of Alliance Investment Bank Berhad
Chief Executive Officer of Alliance Islamic Bank Malaysia Berhad
Age: 46
Head of Group Corporate Affairs
Compensation as of Fiscal Year 2014.

Alliance Bank Malaysia Berhad Key Developments

Alliance Bank Malaysia Berhad Appoints Joel Kornreich as Group Chief Executive Officer, Effective January 1, 2015

Alliance Bank Malaysia Berhad announced the appointment of Mr. Joel Kornreich as its Group Chief Executive Officer. His appointment will take effect on 1 January 2015. Mr. Kornreich has over 23 years of experience in the financial services industry. Before joining Alliance Bank, he was with Citigroup for 20 years in various roles around the world, and is well known for his successful management of consumer banking businesses, built around superior service and innovative solutions.

Alliance Bank Malaysia Berhad Announces Resignation of Sng Seow Wah as Group Chief Executive Officer, Effective July 4, 2014

Alliance Bank Malaysia Berhad announced that Sng Seow Wah has decided not to renew his employment contract as Group Chief Executive Officer of the Bank when it ends on July 4, 2014 as he has to attend to important family matters in his home country. The Board of Directors of the Bank has reluctantly accepted Sng's decision. Sng joined the Bank in July 2010.

Manulife Holdings Berhad Enters into Bancassurance Agreement with Alliance Bank Malaysia Berhad

The Board of Directors of Manulife announced that Manulife Insurance Berhad had on June 13, 2013 entered into Bancassurance agreement with Alliance Bank Malaysia Berhad subject to the terms and conditions as stated in the agreement. The agreement is a ten (10) year bancassurance relationship in Malaysia to sell, market and promote Life Insurance Products developed by MIB, as the Bank’s preferred provider for the Bank in respect of Life Insurance Products, to the Bank’s customers. Pursuant to the agreement, MIB will pay the Bank a total fee of Ringgit Malaysia seventy million (MYR 70,000,000) over the ten years duration of the bancassurance relationship.

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