KUCHING: Credit Guarantee Corporation Malaysia Bhd (CGC) president and chief executive officer (PCEO) Datuk Mohd Zamree Mohd Ishak will step down on Dec 31.
He will be succeeded by Mohamed Nazri Omar, who will assume the role of PCEO on Jan 1, 2026.
In a statement, CGC said Zamree’s retirement marks the end of a decade of transformative leadership.
"With 36 years in the financial services industry, Zamree has been instrumental in reshaping CGC since 2015.
"He spearheaded two consecutive five-year strategic plans, anchoring the corporation’s growth on three pillars - guarantee, financing and beyond guarantee," it said.
During Zamree's tenure, several initiatives were introduced to address market gaps and strengthen the development of micro, small and medium enterprises (MSMEs), including the launch of BizWanita in 2015, BizMikro (2020) and Beyond Guarantee initiatives such as the CGC developmental programme, the creation of imSME in 2018 and most recently, the guarantee schemes for Malaysian mid-tier companies (2025).
Zamree's leadership and contribution to the financial ecosystem has earned recognition both nationally and internationally.
He was recently honoured with the Distinguished Person Award 2024 in the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Sustainable Awards for lifetime achievement in development banking.
CGC chairman Datuk Mohammed Hussein extended the board's gratitude to Zamree for his outstanding leadership over the past decade.
"He has built a strong foundation for CGC Group, enhancing its role as a key catalyst of MSME growth and resilience.
"At the same time, we are pleased to welcome Mohamed Nazri Omar as the new PCEO.
"We are confident that his wealth of experience in both the financial institutions and the development financial institutions will further strengthen CGC’s capacity to deliver innovative solutions and expand its impact in serving the MSMEs, a key component of the Malaysian economy," he said.
Mohamed Nazri, who brings over 25 years of experience in corporate and investment banking, will join CGC in October to ensure a smooth leadership transition.
He is currently managing director of group corporate and investment banking at Bank Pembangunan Malaysia Bhd (BPMB), where he oversees corporate banking and advisory, treasury and investment, business development, strategy and product development, and also serves as a director of several BPMB subsidiaries.
Prior to BPMB, he was Danajamin Nasional Berhad chief executive officer (2014-2022) and Prima Ekuiti (UK) Ltd chairman (2019-2020).
Earlier in his career, Mohamed Nazri built a strong foundation in corporate and investment banking as well as capital markets through various roles with leading financial institutions, including Kuwait Finance House Malaysia (2005-2011), RHB Sakura Merchant Bankers (2004-2005), Macquarie Bank (2001-2004) and Citibank (1997-2001).
