KUALA LUMPUR: Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank), a subsidiary of Bank Pembangunan Malaysia Bhd (BPMB) group, has appointed Samad Majid Zain as chief executive officer effective July 1, 2026.
In a statement today, the bank said Samad has played a pivotal role in strengthening its financial stewardship, organisational resilience and strategic execution since joining SME Bank as chief financial officer in November 2021.
"His appointment reflects the board’s confidence in his leadership, extensive experience across the financial services industry and steadfast commitment to SME Bank’s development mandate,” it said.
Since his appointment, Samad has been instrumental in strengthening the bank’s financial resilience, operational excellence and strategic execution, while providing steady leadership through a significant period of transition.
"As part of the BPMB group, the board is confident he will build on this strong foundation to further enhance SME Bank’s development impact, empower Malaysia’s micro, small and medium enterprises and contribute to the nation’s long-term economic growth and competitiveness,” it said.
Prior to joining SME Bank, Samad served as group chief operating officer of a local bank-backed investment bank.
Samad is a chartered banker of the Asian Institute of Chartered Bankers and a Fellow Certified Practising Accountant of CPA Australia.
He holds a bachelor’s degree in accounting and finance from the University of Western Australia and a Master of Business Administration, specialising in information technology management, from Multimedia University. - Bernama
