Bank Pembangunan appoints new president and group CEO

PETALING JAYA: Arshad Mohamed Ismail (pic) has been appointed as president and group chief executive officer of Bank Pembangunan Malaysia Bhd (BPMB) with effect from yesterday.

Prior to his appointment, he was head of the global banking business at Maybank Islamic Bhd, where he oversaw the bank’s corporate banking, trade finance and investment banking business lines, said BPMB in a statement yesterday.

Arshad started his career in 1995 as a lawyer in Kuala Lumpur with Mohamed Ismail & Co, where he specialised in corporate law, banking and finance law, and also Islamic banking and finance law.

In early 2003, he joined CIMB Islamic as one of its pioneer members where he focused on sukuk origination and execution before relocating to the United Arab Emirates in late 2004 to join HSBC Amanah as the head of Islamic Capital Markets.

At HSBC Amanah, Arshad and his team originated and worked on many innovative and ground-breaking sukuk transactions in the Gulf Cooperation Council region and South-East Asia.

He was also head of asset management at Aayan Capital, a boutique investment bank based in Jeddah, Saudi Arabia, and head of corporate finance and advisory at Al Hilal Bank, an Islamic bank based in Abu Dhabi.

Arshad returned to Malaysia in 2011 to join the International Islamic Liquidity Management Corp as executive director, origination and structuring.

Arshad holds an LL.B. (Hons) degree from the International Islamic University Malaysia and an MBA from the London Business School of United Kingdom.

He was elected to the SC-OCIS Visiting Fellowship in Islamic Finance for the academic year 2015-2016 at the Oxford Centre for Islamic Studies, University of Oxford.

Source : TheStar