Arsalaan Ahmed has been appointed as the new chief executive officer (CEO) of Al Rajhi Banking & Investment Corp (M) Bhd (Al Rajhi Bank Malaysia) with immediate effect. KUALA LUMPUR: Arsalaan Ahmed has been appointed as the new chief executive officer (CEO) of Al Rajhi Banking & Investment Corp (M) Bhd (Al Rajhi Bank Malaysia) with immediate effect. Arsalaan or also known as Oz, is a distinguished and well-known thought leader in the Islamic banking & finance industry, the bank said in a statement. Al Rajhi Bank said he brings with him a wealth of knowledge and experience in retail, corporate and investment banking & markets from over 15 years of banking career. He was awarded the global industry award for Islamic Banker of the Year in 2018 from The Asset. Arsalaan joins Al Rajhi Bank from HSBC Amanah Bhd where he was the CEO. Prior to that, he held senior positions in banks across Europe, Middle East & Asia. “With Arsalaan’s appointment, Al Rajhi Bank Kingdom of Saudi Arabia (Al Rajhi Bank KSA) hopes to provide renewed leadership to successfully implement its strategy and tap on market opportunities to grow its Islamic banking business in Malaysia leveraging on its strength as one of the largest banks in the world, ” it said. He succeeds Steve Chen and assumes responsibilities with immediate effect. Chen left after he completed his contract in November 2020 and Zarir Mohd Rawi, the bank’s chief operating officer had been the acting CEO. Al Rajhi Bank, a wholly owned subsidiary of the world’s largest Islamic Bank, Al Rajhi Bank KSA, was locally incorporated in October 2006.
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