Al Rajhi Bank M'sia appoints Steve Chen as new CEO

Photo of Al Rajhi Bank HQ in Kuala Lumpur on April 3, 2014. FAIHAN GHANI/The Star.

KUALA LUMPUR: Al Rajhi Bank Malaysia (ARBM), a unit of of the world’s largest Islamic bank Al Rajhi Bank, has appointed Steve Chen Thien Yin as its new chief executive officer.

The bank said in a statement that the CEO appointment was approved by Bank Negara Malaysia (BNM).

Chen brings along with him more than 25 years of professional experience in retail, corporate and investment banking in growth markets of Malaysia, Singapore, Vietnam, Cambodia and Laos.

Prior to joining ARBM, he was the chief operating officer (COO) for corporate and structured finance at one of Malaysia’s largest local bank, Hong Leong Bank Bhd.

Over his career, Chen has held senior positions in various international foreign banks, including JP Morgan, Royal Bank of Scotland, and Standard Chartered Bank.