Malaysia’s largest banks manage billions of ringgit and serve millions of customers. The Bank CEOs leading these institutions are also among the country’s highest-paid corporate executives.
In 2025, Malaysia’s five highest-paid Bank CEOs received combined remuneration of approximately RM112.14 million.
At the top was Public Bank Managing Director and CEO Tan Sri Tay Ah Lek. His total remuneration reached RM64.76 million, equivalent to an average of around RM5.4 million a month or RM177,400 a day.
However, the figures do not refer to basic salaries alone. The remuneration received by Bank CEOs may include bonuses, allowances, benefits and share-based incentives.
How Malaysia’s Highest-Paid Bank CEOs Compare
Based on the banks’ annual reports, here are the five highest-paid Bank CEOs in Malaysia in 2025.
5. Mohd Rashid Mohamad, RHB Bank
- Annual remuneration: RM9.28 million
- Monthly average: RM773,700
- Daily average: RM25.4k
According to RHB Bank’s 2025 financial report, Group Managing Director and Group CEO Dato’ Mohd Rashid Mohamad received RM9.28 million in total remuneration.
This included around RM6.12 million in salary and other remuneration, RM3.13 million in bonuses and RM38,000 in benefits-in-kind.
Mohd Rashid has led RHB Banking Group since April 2022. His total remuneration increased from RM7.70 million in 2024.
4. Kevin Lam, Hong Leong Bank
- Annual remuneration: RM11.17 million
- Monthly average: RM931,000
- Daily average: RM30.6k
Based on Hong Leong Bank’s 2025 annual report, Group Managing Director and CEO Kevin Lam received RM11.17 million for the financial year ended 30 June 2025.
The total included RM8.63 million covering salary, bonuses, allowances and retirement contributions, together with RM2.54 million in benefits-in-kind.
Lam became Hong Leong Bank’s Group Managing Director and CEO in July 2023. During the financial year, the bank recorded a profit after tax of RM4.27 billion.
3. Novan Amirudin, CIMB
- Annual remuneration: RM11.74 million
- Monthly average: RM978,600
- Daily average: RM32.2k
As disclosed in CIMB’s 2025 financial statements, Group CEO Novan Amirudin received RM11.74 million in total remuneration.
Part of the amount included long-term incentives related to previous years that vested or were exercised in 2025. His remuneration award specifically for FY2025 was around RM9.49 million.
Novan became CIMB Group CEO in July 2024. CIMB recorded a net profit of RM7.86 billion in 2025.
His total remuneration was only around RM571,000 higher than Kevin Lam’s, making third and fourth place the closest positions among the five Bank CEOs.
2. Khairussaleh Ramli, Maybank
- Annual remuneration: RM15.19 million
- Monthly average: RM1.27 million
- Daily average: RM41.6k
Figures published in Maybank’s 2025 integrated annual report show that President and Group CEO Dato’ Sri Khairussaleh Ramli received RM15.19 million in total remuneration.
The amount included RM3.44 million in salary, RM6.75 million in bonuses, RM2.07 million in other payments, benefits-in-kind and RM2.82 million from vested shares.
Khairussaleh has led Maybank since May 2022. In 2025, Maybank recorded its highest-ever net profit of RM10.51 billion and remained Malaysia’s largest banking group by total assets.
1. Tay Ah Lek, Public Bank
- Annual remuneration: RM64.76 million
- Monthly average: RM5.40 million
- Daily average: RM177.4k
According to Public Bank’s 2025 financial statements, Managing Director and CEO Tan Sri Tay Ah Lek received RM64.76 million in total remuneration.
The amount included RM22.12 million in salary, RM28.83 million in bonuses and RM11.73 million in other payments.
Tay has led Public Bank since July 2002, making him one of Malaysia’s longest-serving Bank CEOs. Public Bank recorded a net profit attributable to shareholders of RM7.22 billion in 2025.
His remuneration was approximately 4.3 times higher than that received by Maybank CEO Khairussaleh Ramli.
Tay also earned more than the other four CEOs combined. Together, the other four received around RM47.39 million.
Why Bank CEOs’ Remuneration Is More Than Basic Salary
Together, the five Bank CEOs received approximately RM112.14 million in total remuneration for 2025. Tay alone accounted for nearly 58% of the combined amount.
The monthly and daily figures are simple averages based on each CEO’s annual remuneration. They do not mean the Bank CEOs received the same amount every month or day.
The figures may also include bonuses, benefits, retirement contributions and incentives from previous years. Therefore, the ranking compares the total remuneration received by the Bank CEOs, not their basic salaries alone.
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