KUALA LUMPUR, 15 FEBRUARY 2021: Al Rajhi Banking & Investment Corp (M) Bhd (Al Rajhi Bank Malaysia), a wholly-owned subsidiary of the world's largest Islamic bank by assets, Al Rajhi Bank of the Kingdom of Saudi Arabia (KSA) today announced that Bank Negara Malaysia has approved the appointment of Arsalaan Ahmed as its new Chief Executive Officer (CEO). An experienced financial services leader, Arsalaan succeeds Steve Chen and assumes responsibilities with immediate effect. Since Steve’s departure after having completed his contract in November 2020, Zarir Mohd Rawi, the Bank’s Chief Operating Officer has been the acting CEO.
Arsalaan, also known as Oz, a distinguished and well-known thought leader in the Islamic Banking & Finance industry, 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 us from HSBC Amanah Berhad where he was the CEO. Prior to that, Arsalaan held senior positions in banks across Europe, Middle East & Asia.
With Arsalaan’s appointment, 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.