KUALA LUMPUR: Arsalaan Ahmed has stepped down as the group chief executive officer (CEO) of Al Rajhi Banking & Investment Corp (Malaysia) Bhd (ARBM), with immediate effect.
According to a statement issued by the bank, Ahmed, who stepped into the role of CEO in February 2021, has decided to focus on his personal ambition in the fintech and social finance space.
The bank did not name a new CEO. According to the statement, under Ahmed's leadership, ARBM recorded the highest financial success in the bank's history, supported by the parent bank.
"Ahmed has been leading ARBM's transformation to become a respected futuristic financial services provider exemplified by the launch of Rize, the bank's key strategic channel to drive the digital agenda.
"On behalf of the bank, I would like to express our deepest appreciation to Ahmed for his engagement and leadership in advancing Al Rajhi as we grow to be a significant contender in both the digital and Islamic banking space," said chairman John Roger Winfield.
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