KUALA LUMPUR: The International Islamic Liquidity Management Corporation (IILM) has appointed Mohamad Safri Shahul Hamid as the new chief executive officer (CEO) for a three-year tenure effective Jan 1.
The new appointment was approved by the IILM's governing board at its 31st meeting in Istanbul on Dec 12.
Safri will succeed Dr. Umar Oseni, who will complete his term on Dec 31 after serving his role for three years.
Safari has 30 years of experience in the banking and financial sector including over 20 years of meaningful experience as a pioneer, structurer, transactor and renowned leader in the Islamic banking and finance locally and internationally.
"He is well regarded as one of the pioneers of the Islamic capital market globally," IILM said in a statement.
Safri joined the IILM after spending 13 years at CIMB Bank where he had served in various capacities including as a deputy CEO for CIMB Islamic and as a senior managing director at the
bank's public sector group.
He has a strong credit background having served as one of the group credit committee members at the bank for about eight years between 2012 and 2020 as well as well as a senior analyst at Malaysian Rating Corporation Bhd from 2000-2003.
Safri holds a bachelor's degree in accounting from the International Islamic University Malaysia and an MBA (globalisation) from Maastricht School, the Netherlands.
He is a chartered accountant with the Malaysian Institute of Accounts.