MBSB To Appoint CIMB’s Mohamed Rafe As The Group CEO

Malaysia Building Society Berhad has announced the appointment of Mohamed Rafe Mohamed Haneef as the Group Chief Executive Officer effective 1 July 2023.

This comes after the post-acquisition of MIDF from PNB for RM1.01 billion which was concluded recently. As previously announced, MBSB will be the holding company of the enlarged group upon completion of the proposed acquisition of Malaysian Industrial Development Finance Berhad.

Following the above appointment, the role of Datuk Nor Azam M. Taib, the current Group Chief Executive Officer of MBSB, will be re-aligned and he will continue and focus on his responsibilities as the Chief Executive Officer of MBSB Bank Berhad, effective on the same date.

Mohamed Rafe is currently CIMB’s, Chief Executive Officer, Group Transaction Banking / Chief Executive Officer, CIMB Foundation. He also served as the Group Chief Sustainability Officer, responsible for driving sustainable financing and social responsibility initiatives across the CIMB Group. Prior to that as CEO of CIMB Islamic Bank Berhad in charge of the Group’s Islamic banking and finance franchise. CIMB Islamic operates as a parallel franchise to the Group’s conventional operations and covers Islamic wholesale banking, Islamic consumer banking, Islamic commercial banking and Islamic asset management and investments.

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