MARC appoints Arshad Mohamed Ismail as group CEO

KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has appointed Arshad Mohamed Ismail (pic) as group CEO, succeeding Datuk Jamaludin Nasir who will take on an advisory role until the end of his term in November.

Prior to his appointment, Arshad was president and CEO of Export-Import Bank of Malaysia Bhd (EXIM Bank).

He had also held various leadership and management roles at Bank Pembangunan Malaysia Bhd Maybank Islamic Bhd, International Islamic Liquidity Management Corporation (IILM), Abu Dhabi’s Al Hilal Bank, Saudi Arabia’s Aayan Capital and HSBC Amanah in the United Arab Emirates, among others.

Arshad holds a Bachelor of Law degree from the International Islamic University Malaysia as well as a Master of Business Administration from the London Business School, United Kingdom.

He is a chartered banker with the Asian Institute of Chartered Bankers and, in 2015, was elected to the SC-OCIS Fellowship in Islamic Finance at the Oxford Centre for Islamic Studies.

Chairman Tan Sri Nik Norzrul Thani Nik Hassan Thani said in a statement: “We would like to congratulate Arshad on his new appointment and look forward to his stewardship in bringing the MARC group to even greater heights.

"At the same time, we would also like to thank Datuk Jamaludin Nasir for his strong leadership and invaluable contributions to the growth and expansion of the company.”