Executive Leadership

Mr Farhan Ahmad was appointed as Group Chief Executive Officer on 12 April 2022

Mr. Ahmad has been a serial entrepreneur and senior executive in the banking sector for over 25 years. Prior to joining PayNet, he founded Bento for Business, the first B2B financial operating platform for SMEs. He successfully grew and sold Bento to US Bank, the fifth largest retail bank in the US.

Mr. Ahmad has extensive financial services experience in both USA and Europe, holding executive roles at Barclays, Discover Financial Services, JP Morgan Chase, and FirstUSA. He is best known for his enthusiasm for innovation, having pioneered several ‘first-of-its-kind’ payment solutions. He was a founding member of Aceva Technologies, the first Buy Now Pay Later solution in the US. He has also been a part of two other successful startups and has several patents in the payments space.

He is an Official Member of Forbes Finance Council since June 2019. An International Baccalaureate scholar, Mr Farhan Ahmad holds a Bachelor’s Degree in Economics from the University of Pennsylvania.

Mr Azrul Fakhzan Mainor is Director of Card Services Division since 1 March 2022.

He is highly skilled in business development, a subject matter expert and strong brand ambassador for MyDebit, always pushing boundaries to drive MyDebit to greater heights. Prior to assuming the role of Director, he was the Deputy Director of Cards Services Division and before that, Head of MyDebit. His experience include serving as Senior Director of Visa Malaysia and Covering Deputy Director of Payment Systems Policy Department, Bank Negara Malaysia (Central Bank of Malaysia).

Mr Azrul holds a Bachelor’s Degree in International Business Management from Universiti Utara Malaysia.

Mr. Khairuan is the Director of Retail Payments Division since 1 October 2020.

He has more than 15 years of experience in the banking industry where he held various key positions and established an impressive track record in various discipline mainly in digital banking, e-commerce, payments, business development, product management including strategy & planning.

Khairuan has been with MyClear/PayNet for almost 8 years (he joined on 24 June 2013) as Manager for National Bill Payment Scheme (JomPAY). Prior to joining MyClear/PayNet, Khairuan served as business head for Internet Banking & Mobile with RHB Bank. He was instrumental in launching the RHB Now and grew the electronic payment business across the country.

Mr Abdul Malek Sutan was appointed Chief Business Officer of MEPS Currency Management (MCM) on 1 June 2014 and was re-designated as Director, Cash Services on 1st August 2017.

He has more than 26 years of experience in commercial cash centre business and commercial banking. Previously at Safeguards G4S, he spearheaded the merger of Safeguards with G4S UK creating the pioneer security player in currency management.

Prior to that he served in various roles encompassing Legal, Corporate, and Retail Banking with Hong Leong Bank.

In his current role as the Director of Cash Services, he is oversees MCM’s currency processing outsourcing contract with Bank Negara Malaysia (BNM) at BNM’s Regional Offices throughout Malaysia. He also oversees MCM’s Commercial Currency Operations which provides currency management services for various commercial banks and their corporate customers.

Mr Firdaus Ghani is Director, Client Engagement Division since June 2019 where he is responsible for coordinating engagement with the leadership of PayNet’s ecosystem participants as well as with establishing rapport with government ministries, departments and public sector agencies to advocate cashless and e-payments adoption. He joined Malaysian Electronic Payment System Sdn Bhd (MEPS) in 2009 as Head of Finance and Administration. He was instrumental in the merger of MEPS with MyClear to create PayNet following which he was made Chief Financial Officer. As CFO, he played a key role in improving and automating accounting processes, management reporting and settlement processes.

Mr Firdaus has over 16 years of experience in the field of accounting, taxation, assurance, and treasury. He started his career at KPMG where he was trained in Assurance and Corporate Taxation and had also served as an accounting and finance professional at a major property company and an Islamic Bank.

Mr Firdaus holds a Bachelor of Commerce in Accounting from University of Newcastle in Australia. He is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW) as well as a member of the Chartered Accountants Australia & New Zealand (CA ANZ) and the Malaysian Institute of Accountants (MIA).

Mr Ken Yon assumed the role of Director, Risk & Compliance on 20 July 2016.

Mr Ken specialises in risk management and compliance for banks and has accumulated approximately 23 years of experience. He spent most of his career at Kuwait Finance House Malaysia and KPMG Malaysia where he was the Chief Risk Officer and a Managing Consultant (Financial Risk Management) respectively. He is a banking risk management practitioner and risk management consultant, having amassed a variety of experiences, including specialised areas such as risk management strategy, compliance, capital planning and management, asset and liability management, banking operations, product risk and project management of risk solutions.

Prior to joining PayNet, Mr Ken Yon worked in banks in Malaysia and Singapore, holding both frontline and backroom positions such as in Corporate Banking and Accounting & Control.

Mr Ken holds a Bachelor of Business in Financial Analysis from Nanyang Technological University (NTU), Singapore

Puan Jun Maria Tan Abdullah was appointed as Director, Human Capital Management on 13 June 2017.

She is a full fledged HR professional with over 20 years experience in the function with strong passion in Recruitment, Talent Management and Development as well as Organization Development space. She is an expert in HR processes and a business driven HR who supports business key performance targets via the execution of strategies to support competency needs, workforce planning, talent acquisition, human capital development, employee engagement, cost containment and streamlining efficiency and operational competency. Proven track record in driving strategic initiatives to motivate, retain and develop people.

Puan Jun spent 7 years in Business Development as part of her personal development plan which contributed to her in-depth understanding in how the HR function supports an organization’s success.

Puan Jun holds a Masters of Arts (Communication) from University Sains Malaysia.

Mr Teh Lip Guan was appointed as Director, Information Services on 1 November 2018.

He has over 15 years of experience in strategy, solution and execution of Technology projects, driving innovation and transformation in delivering robust IT architectures and systems while managing operational and technology risks. His expertise includes management of the technology and operations agenda in growing transaction banking business income in South East Asia and meeting business objectives and growth with proven track record in delivering faster time-to-market solutions.

Prior to joining PayNet, he was a senior member of the Group Technology and Operations in CIMB, advisory board at PriceWaterhouseCoopers(PWC) and member in management committees providing thought leadership in areas of technology and operations.

He holds a Bachelor of Electronic Engineering(Communications) from Royal Melbourne Institute of Technology University, Australia.

Ms Azleena Idris joined as Director, Corporate Services on 1 August 2019 where she heads corporate planning, legal, governance, rules, marketing and communications departments.

With over 2 decades of combined experience both as a regulator and a financial services sector professional, she played an instrumental role in a number of national and international initiatives including the 2nd Financial Sector Master Plan, Malaysia as an International Financial Centre (MIFC), Islamic Financial Services Act 2013, International Islamic Liquidity Management Corporation, founding RHB Islamic Bank Berhad and merger and acquisition exercises involving the RHB Group. Prior to PayNet, she spent a brief stint as General Counsel of an Islamic bank during which the bank won a landmark Islamic finance case. Before that, she was with Bank Negara Malaysia with primary responsibilities in Islamic financial infrastructure development strategies for over a decade and RHB Capital Berhad for close to 10 years where she held a senior legal position and was also joint company secretary of Rashid Hussain Berhad, the ultimate listed parent company. She is also a short term expert with the International Monetary Fund and a short term consultant with the World Bank.

Apart from being trained and qualified as a lawyer in England, she has a Global Executive MBA jointly awarded by London School of Economics and Political Science, New York University Stern School of Business and HEC Paris. She is a Chartered Islamic Finance Professional conferred by the Chartered Institute of Islamic Finance Professional where she is a Member of Professional Education and Academic Committee and International Chapter Committee.

Mr Boey was appointed as Director, Internal Audit on 3rd September 2019.

With over 20 years of IT audit experience, he was instrumental in several IT audit transformation initiatives covering IT audit strategies, risk-based IT audit frameworks and policies. Prior to PayNet, he was Director and Head of Regional IT Audit at CIMB Group where he managed IT audits across its regional offices in Indonesia, Thailand, Singapore, Cambodia, Vietnam, Philippines, Hong Kong, Shanghai and London. He started his career with RHB Bank Berhad as an IT auditor.

Mr Boey holds a Bachelor of Commerce Degree majoring in Accounting from Dalhousie University, Canada.

Ming Yew has over 16 years of experience in banking and financial services as well as in the Fast Moving Consumer Goods (FMCG) domain. He is well versed in the areas of process automation, change management and cost and revenue optimisation, as well as a resourceful leader with strong cross-functional management abilities in delivering high impact projects.

Prior to joining PayNet, he held various senior positions in AmBank Group including CFO of Retail Banking, Group Financial Controller as well as Project Director for automation of the liquidity management monitoring system.

He has an MBA from Strathclyde University and is an ACCA Chartered Accountant. In addition, his credentials include Chartered Banker, Financial Risk Manager (FRM), Prince 2 Practitioner and Agile Certified Practitioner (PMI-ACP).