AMMB Holdings Berhad confirmed that Mr. Ashok Ramamurthy will be stepping down as group managing director in due course to rejoin his family in Melbourne and as part of a planned transition that will see him resume his career in a senior executive role at Australia and New Zealand Banking Group Limited. The Board wish to clarify that Ms. Pushpa Rajadurai, Managing Director of Wholesale Banking, Coverage, Mr. Kok Tuck Cheong Managing Director, Wholesale Banking, Products and Ms. Mandy Simpson, Group Chief Financial Officer have existing contracts and are continuing to serve the Group in accordance with these contracts as normal. Mr. Ramamurthy joined the company from ANZ in 2007 first as Chief Financial Officer and has been Group Managing Director since 2012.