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New CEO For DRB-HICOM, CIMB Names New Islamic Bank Head

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PETALING JAYA: DRB-HICOM Bhd, with businesses ranging from automotive to banking, has appointed Datuk Seri Syed Faisal Albar Syed Ali Rethza Albar as new group chief executive officer (CEO) to succeed Tan Sri Mohd Khamil Jamil, who will be retiring next year.

Syed Faisal, who resigned from his post as CEO at Malakoff Corp Bhd earlier this month, will take the helm at the diversified group effective Jan 4, 2016.

DRB-HICOM, in a statement yesterday said, Khamil is due for retirement on Jan 20, 2016 upon reaching the age of 60 years.

“He will relinquish the position of the group managing director of the company on March 1, 2016 in order to allow time for the handover to the new group CEO,” it said.

He will assume overall management responsibility and control of the DRB-HICOM Group upon Khamil’s retirement.

Syed Faisal, 50, is an accountant by profession with extensive corporate experience in various industries.

He joined Malakoff last year after a half-year stint as CEO of Gas Malaysia Bhd.

He was the former executive director of Konsortium Logistik Bhd and group managing director of Pos Malaysia Bhd.

In a separate announcement, CIMB Group Holdings Bhd said it had appointed former HSBC Amanah Malaysia Bhd CEO Mohamed Rafe Mohamed Haneef to lead CIMB Islamic Bank Bhd and its Islamic banking division effective Jan 4, 2016.

“I am confident he will bring tremendous value as he spearheads one of CIMB Group’s key business pillars,” CIMB group chief executive Tengku Datuk Seri Zafrul Aziz said in a statement yesterday.

“I look forward to working closely with him to put into motion the plans that will further cement CIMB Islamic’s leading position in the Islamic banking arena globally,” he pointed out.

Rafe specialised in Islamic banking in the last 15 of his 20-year career, working in major financial markets including London, Dubai and Kuala Lumpur.

Rafe holds a bachelor’s degree in law from the International Islamic University Malaysia and a master’s degree in international finance and securities law from the Harvard Law School, United States.

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