Sikh lady banker Ravinder Kaur resigns as MBSB director

 | Kuala Lumpur, Malaysia | 2 Jan 2017 | Asia Samachar |

The only ‘rose among the thorns’ in the board of directors of Malaysia Building Society Bhd (MBSB) has resigned.

Ravinder Kaur, a banker with more than two decades of experience, is leaving the Malaysian public listed company after a three and a half year stint as an independent executive director to ‘pursue her personal and professional opportunities’.

Her resignation from the board, which she first joined in June 2013, was made public in an announcement to the Malaysian stock exchange on 31 Dec 2016. She was the only woman on the board.

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At the point of departure from MBSB, she was involved in providing financial restructuring services to companies and advisory services to foreign investors and training in strategy, client relationship management and account management.

MBSB, a mortgage provider and consumer lender,  is 65 percent owned by Employees Provident Fund (EPF), Malaysia’s largest pension fund.

Ravinder has about 23 years of experience in the banking and finance sector and has held senior management positions in the areas of corporate banking, asset management, private equity and financial consultancy, according to the announcement.

She attended the MBA programme from Manchester Business School, United Kingdom and earned a BA Honours in Asean Studies (Diplomatic Services Module) from University of Malaya.

She started her career with Malayan Banking Bhd in 1984. In 1996, she joined the management team of Sime Bank Berhad which was later acquired by RHB Bank Berhad in 1998.

In 2004, she was recruited by Citibank Berhad to head their Global Relationship Banking (GRB) to handle its relationships with multinational corporations.

In 2006, Ravinder joined Equity Ventures Pte Ltd, Singapore. Her responsibilities were to manage and coordinate the private equity initiatives and responsibilities within the firm.

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