KUALA LUMPUR (Jan 4): Mid-sized plantation player TDM Bhd has appointed Kamarul Bahrein Kamarulzaman as its new group chief executive officer (CEO) effective Jan 1.

He succeeds Badrul Hisham Mahari, who tendered his resignation due to health reasons last year, which was effective last Friday (Jan 1). Badrul, 56, had been the company’s CEO since 2008.

Today, TDM said Kamarul Bahrein was the Senior Vice President/Head of Business Banking II at Bank Pembangunan Malaysia Bhd since Nov 2012, where his primary responsibility was to plan and lead the strategic development of the bank's lending activities in the mandated sectors of Infrastructure, Maritime, Oil and Gas and Technology.

He was also a member of the Bank Pembangunan Malaysia's group management committee.

Prior to that, he was the Head of Issuer Development at Bursa Malaysia Bhd from July to October 2012, responsible for formulating and implementing initiatives and strategies aimed at enhancing the attractiveness of Bursa Malaysia as a listing destination and investability of public-listed companies.

Kamarul Bahrein started his career with Deloitte & Touche in Singapore (April 1991 to February 1995), providing financial auditing services to medium-sized companies, subsidiaries of multinational corporations (MNCs) and listed companies.

In May 1995, he joined Singapore Unit Trust Ltd, where he managed the finance and administrative functions of the company.  

He then joined Aseambankers Malaysia Bhd from December 1995 to March 2000, where he worked in the corporate banking division.

In June 2000, he moved to HSBC Bank Malaysia Bhd as vice president, corporate and institutional banking, taking charge of relationship management of government linked companies.

He was seconded to HSBC Amanah in Dubai (April 2006 to May 2007) as associate director, institutional distribution, taking charge of distribution of Islamic Sukuks to institutional investors in the Gulf Cooperation Council (GCC) and Malaysia.

Upon return from secondment in Dubai, he was made Director/Head of Public Sector and GLC coverage within the Global Banking division of HSBC Bank Malaysia.

At 12.30pm midday break, TDM shares fell one sen or 1.44% to trade at 68.5 sen, for a market capitalisation of RM1.01 billion.

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