Bank Islam Malaysia Bhd group CEO Muazzam Mohamed has tendered his resignation after more than 10 years of dedicated service to the group, including seven years in his current post.
In a statement, the bank said the resignation is effective Jan 7 and his last day with the group will be on Dec 12.
“Bank Islam group chief business officer Mizan Masram will assume the role of the group’s officer-in-charge beginning Dec 13 to facilitate a smooth transition.
“Muazzam will serve his notice during this duration, supporting Mizan throughout the transition period,” it said.
Since assuming the group CEO role in 2018, Muazzam has led Bank Islam through a period of significant digital transformation and growth, reshaping its full-fledged services by integrating technology with Islamic finance principles.
He led the group’s digital transformation strategy as it embarked on e-payments initiatives and launched Be U, the country’s first cloud-native mobile banking application.
The digital transformation future-proofed the business, changing the way the group serves its customers, said the bank.
“The board has commenced a formal search process to identify a suitable successor who will lead the group into its next phase of growth. A new group CEO will be announced once regulatory approvals have been obtained,” it added.
