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KUALA LUMPUR, 1 April 2024

Bank Pembangunan Malaysia Bhd (BPMB), a development financial institution, said on Monday it had appointed AMMB Holdings Bhd’ former chief executive officer Datuk Sulaiman Mohd Tahir as its chairman, effective from March 20.

“His leadership and guidance as the chairman will be instrumental in steering BPMB towards achieving our strategic objectives and promoting sustainable growth, as we deliver impact capital for national development,” CEO Roni Abdulwahab said in a statement. “We look forward to working with him.”

BPMB, which mainly provides medium- to long-term financing to strategic sectors of the economy, is owned by the government through Minister of Finance Inc as its sole shareholder.

The company is regulated and supervised by Bank Negara Malaysia under the Development Financial Institutions Act 2002. Total assets stood at over RM27 billion as of end-2022, according to the latest available figures.

BPMB has "a pivotal role in national development over the last 50 years”, Sulaiman said. “I am privileged to have the opportunity to serve such a great institution, and to be able to contribute to this country.”

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