Al Rajhi Banking & Investment Corporation (Malaysia) Bhd has appointed Mohd Syahrul Ishak as its new CEO, effective Mnday (May 13).
Mohd Syahrul takes over from Arsalaan Ahmed who served in the position from February 2021 to November 2023. Arsalaan, who has now moved into the fintech arena, took over the position from Steve Chen Thien Yin.
The bank’s chief risk officer Muhammed Uzman Muhammed Faleel had stepped in as interim CEO followingArsalaan’s resignation.
In a statement, the bank said Syahrul was previously the managing director and regional head of cash management, group transaction banking, at CIMB Bank.
Prior to that, he was the managing director and regional head of consumer banking at CIMB Islamic and head of cards acquisition and personal financing of consumer banking at CIMB Bank.
“His accomplished career in banking, marked by strategic leadership, transformational drive, and operational excellence positions him perfectly to guide the Bank’s continued growth and success,” it said.
