This article first appeared in The Edge Financial Daily on December 6, 2018

KUALA LUMPUR: Mohd Muazzam Mohamed has been named the new chief executive officer (CEO) of BIMB Holdings Bhd and its unit, Bank Islam Malaysia Bhd, with effect from yesterday.

Mohd Muazzam is currently the acting CEO of BIMB’s subsidiary, Bank Islam Malaysia Bhd. The role of BIMB CEO has been vacant since Khairul Kamarudin resigned as both the CEO of BIMB and Bank Islam on July 20.

BIMB made the announcement in a statement as well as in a filing to Bursa Malaysia.

The Edge Malaysia weekly, in its latest edition (Dec 3 to Dec 9), reported that industry sources were expecting Mohd Muazzam to be confirmed as CEO of Bank Islam.

Mohd Muazzam joined Bank Islam on May 11, 2015 as its chief financial officer. He has 22 years of experience in finance, audit and consulting.

Since joining the bank, he has played a key role in the bank’s strategic direction, capital and balance sheet management, corporate finance, credit, market positioning, financial planning and control, procurement, facilities management, security services and general administration.

He is a member of various executive committees in Bank Islam and chairs several project steering committees. He is also a director on the board of several companies within the Bank Islam group.

Mohd Muazzam was formerly a partner of KPMG and executive director of the firm’s management consulting practice from 1997 to 2015.