New chapter to begin: Mohd Zamree (left) will be succeeded by Mohamed Nazri, whose appointment as PCEO takes effect on Jan 1 next year.
KUCHING: Credit Guarantee Corporation Malaysia Bhd (CGC) president and chief executive officer (PCEO) Datuk Mohd Zamree Mohd Ishak will conclude his term on Dec 31, marking the end of a decade of transformative leadership.
Mohd Zamree will be succeeded by Mohamed Nazri Omar, whose appointment as PCEO takes effect on Jan 1 next year.
“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,” CGC said in a statement yesterday.
During Mohd Zamree’s tenure, several initiatives were introduced to address market gaps and strengthen the development of micro, small and medium enterprises (MSMEs).
These include the launch of BizWanita in 2015, BizMikro (2020) and Beyond Guarantee initiatives such as the CGC developmental programme, the creation of imSME in 2018 – now being developed as The Marketplace for MSMEs through CGC Digital – and most recently, the guarantee schemes for Malaysian mid-tier companies this year.
Mohd Zamree has earned national and international recognition for his leadership and contribution to the financial ecosystem.
He was recently honoured with the Distinguished Person Award 2024 by the Association of Development Financing Institutions in Asia and the Pacific Sustainable Awards for lifetime achievement in development banking.
CGC chairman Datuk Mohammed Hussein extended the board’s gratitude to Mohd Zamree for his outstanding leadership over the past decade, saying he built a strong foundation for CGC Group and enhanced its role as a key catalyst of MSME growth and resilience.
He also welcomed Mohamed Nazri 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,” Mohammed said.
Mohamed Nazri, who has over 25 years of experience in corporate and investment banking, will join CGC in October to facilitate a smooth leadership transition.
He is currently the group corporate and investment banking managing director at Bank Pembangunan Malaysia Bhd (BPMB), where he oversees group corporate banking and advisory, group treasury and investment, business development and strategy and product development, while also serving as a director at several BPMB subsidiaries.
Prior to BPMB, he was Danajamin Nasional Bhd 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).
