Bank Pembangunan Malaysia Berhad Appoints Roni Abdul Wahab as new Group Chief Executive Officer

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Kuala Lumpur, 7 April 2022 - Roni Abdul Wahab has been appointed as Bank Pembangunan Malaysia Berhad's ("BPMB") Group Chief Executive Officer effective 8 April 2022. He succeeds Arshad Mohamed Ismail, who is leaving the Group today, after having served for three years. 

Roni has held senior leadership roles in the banking, investment management and corporate sectors. Roni had served at Khazanah Nasional Berhad as Executive Director, Investments and was also Managing Director and Country Head of Global Banking, HSBC Bank Berhad Malaysia. Most recently, he was an independent board member at Maybank Asset Management Group Berhad and Chairman of Maybank Islamic Asset Management Sdn. Bhd.

BPMB's Chairman, Tan Sri Nazir Razak said, "We are delighted to welcome Roni to BPMB Group. His leadership experience in banking and strategic national development will be an asset to the Group as we continue on our nation building journey to support Malaysia's economic development."

"This appointment brings new perspectives and strengths to the Group and with the support of the senior leadership team, I am confident that Roni will be able to take BPMB Group to new heights," Nazir elaborated.

"I would like to thank Arshad for his leadership and contributions throughout his tenure since 2019, especially for bringing calm and stability to the Group after a difficult period for the bank. We wish him all the best in his future endeavors," Nazir concluded.

Meanwhile, commenting on his appointment, Roni said, "BPMB is a key development financial institution ("DFI") of the country with the mandate of supporting companies and projects that promote socio-economic growth. I am grateful for the opportunity and certainly look forward to working closely with the team."

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ABOUT BANK PEMBANGUNAN MALAYSIA

Bank Pembangunan Malaysia Berhad (BPMB) was incorporated on 28 November 1973 as a development financial institution. BPMB's role includes the provision of various corporate financing facilities and training and advisory services, particularly to Bumiputera entrepreneurs. Today, BPMB is focused on medium to long-term financing in sectors deemed strategic to national economic development.

Owned by Minister of Finance (Incorporated), BPMB has been accorded the highest rating of 'AAA' by both RAM Rating Services Berhad and Malaysia Rating Corporation Berhad. It is regulated and supervised by Bank Negara Malaysia under the Development Financial Institution Act 2002.