alrajhi bank Malaysia announces Mohd Syahrul Ishak as new CEO

• Brings over 20 years of experience in the banking and finance sector to this role
• Formerly MD & regional head of Cash Management in Group Transaction Banking at CIMB Bank

Al Rajhi Banking & Investment Corporation (Malaysia) Bhd (alrajhi bank Malaysia) has announced the appointment of Mohd Syahrul Ishak (pic) as CEO, effective 13 May 2024. The Board of the bank stated that it wished to thank Chief Risk Officer Muhammed Uzman Muhammed Faleel, who stepped up as Interim CEO, following Arsalaan (Oz) Ahmed’s resignation.

“We are excited to welcome Syahrul to alrajhi bank Malaysia,” said chairman John Roger Winfield, adding that 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.

“The Board of alrajhi bank Malaysia and I look forward to a strong collaboration with Syahrul as we build on the momentum we’ve established,” Winfield said.

Syahrul said, “I am honored to lead this esteemed Islamic banking institution. alrajhi bank Malaysia has undergone a remarkable transformation, and I’m committed to further strengthening our position. We will continue to deliver innovative Shariah-compliant solutions, catering to the evolving financial needs of our customers, employees, and communities.”

Syahrul brings over 20 years of experience in the banking and finance sector, with a proven track record of success. Previously, he served as managing director and regional head, Cash Management, Group Transaction Banking at CIMB Bank. Prior to that, he held the position of managing director and regional head, Consumer Banking, at CIMB Islamic and head, Cards Acquisition and Personal Financing, Consumer Banking, at CIMB Bank. 

He holds a Bachelor of Science in Business Administration from Washington University in St. Louis, USA.