BIMB names Bank Islam acting chief Mohd Muazzam Mohamed as new CEO

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KUALA LUMPUR (Dec 5): BIMB Holdings Bhd has named Mohd Muazzam Mohamed as its new chief executive officer(CEO) with effect from today.

Muazzam is currently the acting CEO of BIMB subsidiary Bank Islam Malaysia Bhd. In its filing to the exchange this afternoon, BIMB said Muazzam’s appointment as CEO of Bank Islam also takes effect from today.

The role of BIMB CEO has been vacant since Khairul Kamarudin resigned as being CEO of both BIMB and Bank Islam in July.

The Edge Malaysia Weekly in its latest edition (Dec 3 to Dec 9) reported industry sources had expected Muazzam to be confirmed as the CEO of Bank Islam.

Muazzam has over 20 years of experience in finance, audit and consulting. He joined Bank Islam as its chief financial officer on May 11, 2015. Prior to that, he was a partner in a Big 4 audit firm where he spent 19 years.

At noon break, BIMB shares were up 2 sen or 0.5% to RM3.82, for a market capitalisation of RM6.5 billion.