Affin Bank, MUFG Malaysia Partner to Boost Strategic Business Sectors

Affin Bank Bhd and MUFG Bank (Malaysia) Bhd, a subsidiary of Mitsubishi UFJ Financial Group Inc., have inked a memorandum of understanding (MOU) to promote commercial collaboration in key areas in line with Malaysia's and Japan's industrial masterplans.

Both financial institutions will investigate development prospects in important areas such as digital innovation and green transformation as part of the partnership. This strategy fits with Malaysia's goal of developing into a regional center for digital economy and renewable energy.

In order to cultivate financial talent, the institutions will also be setting up forums for information exchange on management effectiveness, leadership development, and staff engagement.

Through talent exchange programs, secondments, and cross-organizational redeployments, this strategy aims to increase knowledge in developing industries and provide a workforce with the necessary skills to propel long-term economic growth.

In the presence of Affin Bank Chairman Datuk Agil Natt, MUFG Managing Executive Officer, Chief Executive for APAC Masakazu Osawa, and MUFG Malaysia Chairman Datuk Noorazman Abd Aziz, Affin Bank President and Group Chief Executive Officer Datuk Wan Razly Abdullah and MUFG Malaysia Chief Executive Officer and Country Head Motohide Okuda signed the MOU.

Wan Razly commented on the partnership, saying it demonstrates the institution's dedication to offering customized solutions, promoting international investment and commerce, and growing its knowledge in important fields including digital transformation, Islamic finance, and green finance.