Al Rajhi Bank Malaysia Appoints Arsalaan Ahmed as New CEO

Arsalaan (Oz) Ahmed has been appointed as the new Chief Executive Officer (CEO) of Al Rajhi Banking and Investment Corp (Al Rajhi Malaysia), effective immediately, following approval from Bank Negara Malaysia.

Arsalaan Ahmed, formerly the CEO of HSBC Amanah, succeeds Steve Chen Thien Yin, who left Al Rajhi Malaysia in November 2020. The statement issued by Al Rajhi Malaysia to this effect noted that up until Arsalaan Ahmed’s appointment, Zarir Mohd Rawi, the Chief Operating Officer at Al Rajhi Malaysia had served as acting CEO.

Why it matters?

Al Rajhi Malaysia targets renewed leadership through Arsalaan Ahmed’s expertise, and aims to successfully take advantage of market opportunities to grow its Islamic banking segment in Malaysia, by capitalisin...