Reported investigations and resignations put Alliance in the spotlight

Speculations simmer down as bank's statement denied rumors of large-scale shakeup.

Contrary to speculation, Alliance Bank Malaysia Bhd CEO Datuk Bridget Lai has not resigned and there was no change in the bank’s operations, bank “categorically” stated in its announcement.

According to a report in The Star, the bank added that it had launched investigations as part of its due diligence on corporate governance and board oversight.

Earlier news reports have said that several of its top managers were put on forced leave to facilitate an internal investigation into the bank.