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Malaysian Rating Corporation Berhad (MARC) today announced the appointment of Arshad Mohamed Ismail as Group Chief Executive Officer, effective June 1, 2024. Arshad succeeds Datuk Jamaludin Nasir, who will take on an advisory role until the end of his term this coming November.
Speaking on behalf of the Board of Directors, Chairman Tan Sri Dr. Nik Norzrul Thani Nik Hassan Thani said, “We would like to congratulate Arshad on his new appointment and look forward to his stewardship in bringing the MARC group to even greater heights. At the same time, we would also like to thank Datuk Jamaludin Nasir for his strong leadership and invaluable contributions to the growth and expansion of the company.”
Prior to this appointment, Arshad was President and Chief Executive Officer of Export-Import Bank of Malaysia Berhad (EXIM Bank). Prior to EXIM Bank, he held various leadership and management roles at Bank Pembangunan Malaysia Berhad, Maybank Islamic Bhd, International Islamic Liquidity Management Corporation (IILM), Abu Dhabi’s Al Hilal Bank, Saudi Arabia’s Aayan Capital, and HSBC Amanah in the United Arab Emirates, among others.
Arshad holds a Bachelor of Law degree from the International Islamic University Malaysia as well as a Master of Business Administration from the London Business School, United Kingdom. He is a Chartered Banker with the Asian Institute of Chartered Bankers and, in 2015, was elected to the SC-OCIS Fellowship in Islamic Finance at the Oxford Centre for Islamic Studies.
Datuk Jamaludin had served on MARC’s Rating Committee before assuming the role as MARC’s Group CEO in 2019. He has been instrumental in MARC’s transformation journey, having initiated the company’s rebranding exercise and numerous strategic initiatives that the MARC group is now embarking on, locally and overseas. He played a significant role in the reorganisation of the group and its business approach to the market, as well as the strengthening of the ratings quality profile of MARC Ratings Berhad, having been in the Rating Committee since 2014. He was also a driver of the development and growth of MARC Data Sdn Bhd.
