This article first appeared in The Edge Financial Daily on April 2, 2020

KUALA LUMPUR: Wan Razly Abdullah Wan Ali (pic) has been appointed chief executive officer (CEO) of Affin Bank Bhd, effective April 2, 2020.

He will replace Kamarul Ariffin Mohd Jamil, who completed his contract on March 31.

“The board of directors and management of Affin Bank express its utmost appreciation and gratitude to Kamarul Ariffin for his leadership and contributions to the bank and wish him well in his future endeavours,” the bank said in a statement.

The Edge Financial Daily reported yesterday that Wan Razly was touted to be Kamarul Ariffin’s successor, with three sources telling the daily that he was the leading candidate.

Wan Razly was chief financial officer of CIMB Group Holdings Bhd’s Indonesian subsidiary PT Bank CIMB Niaga Tbk for a decade, before returning to Malaysia last year, where he assumed the position of regional head of consumer strategic business management at CIMB.

He began his career at PricewaterhouseCoopers, London in 1995, after which he joined Northern Trust, London in 1999 to manage its audit services department.

In its Feb 24 issue, The Edge Malaysia weekly reported that Kamarul Ariffin would soon be leaving Affin Bank.

Citing sources, it also said there would be a new group managing director at Affin Hwang Capital to replace Datuk Maimoonah Hussain, who retired in November 2019. The candidate is expected to be an external candidate.

It is understood that the bank wants to bring in new people and ideas to move the bank forward.