KUALA LUMPUR: After six years at the helm of Agrobank and a successful transformation, Datuk Wan Mohd Fadzmi Wan Othman is stepping down as the president and chief executive officer of the government-owned bank.
Wan Mohd said it has been an enormous privilege to have led Agrobank during an important period of transformation and growth, adding that his mission as a turnaround manager is finalised.
“I am proud to have worked with remarkable colleagues who are so committed to growing the agriculture and food industry,” he said in a statement released today.
Wan Mohd Fadzmi was appointed as the chief executive officer of Agrobank in 2011. Leveraging on his banking experience, working in major financial hubs such as London, New York and Hong Kong for more than 15 years, he then embarked on a five-year transformation programme.
The transformation was developed with focus to strengthen the Bank’s foundation and its core businesses of serving the agriculture sector particularly the unserved and underserved community.
As a result of the transformation, Agrobank has made significant milestones; among others – revamping processes and procedures for better efficiency, reducing the Non Performing Finance (NPF) to a single digit and developing more innovative financial products and services, relevant for the agriculture community.
Last year, Agrobank recorded remarkable growth of 16.9 per cent with total financing value reaching up to RM8.7 billion for the year 2016, despite global economic condition. This impressive performance is also one of the best achievements for Agrobank over the years.
During the transformation period, Wan Mohd Fadzmi also sets an ambitious target for Agrobank to be a full-fledged Islamic Bank within three years (by 2015), which was considered as ambitious by industry standard.
Under his leadership, Agrobank has received numerous international recognitions particularly in the area of financial inclusion and Islamic finance development.
Wan Mohd Fadzmi also received two international individual recognitions.
In 2016, he was has been awarded the ‘CEO of the Year 2016′ award by the Global Islamic Finance Awards (GIFA) and in 2017 was awarded the “Outstanding CEO of the Year” by ADFIAP (the Association of Development Financing Institution in Asia and the Pacific).
Wan Mohd Fadzmi will leave Agrobank effective August 31, 2017. Masaat Awadz, chief financial officer of Agrobank will be covering the duties and roles of chief executive officer.
Agrobank board of directors has begun a search for Wan Mohd Fadzmi’s successor.