KUALA LUMPUR: Al Rajhi Bank Malaysia (ARBM), a wholly owned subsidiary of the world’s largest Islamic bank, Al Rajhi Bank, Kingdom of Saudi Arabia announced that it has received approval from Bank Negara Malaysia (BNM) for the appointment of Steve Chen Thien Yin as its new chief executive officer (CEO).
As CEO, Chen is responsible for the overall operations of ARBM’s business to maximize company growth as well as to take on the responsibility in developing innovative strategies to drive the Islamic banking and finance business of ARBM to achieve its business goals.
He brings along with him more than 25 years of vast professional experience in Retail, Corporate and Investment banking in growth markets of Malaysia, Singapore, Vietnam, Cambodia and Laos.
Prior to joining ARBM, he was the chief operating officer (COO) for Corporate and Structured Finance at one of Malaysia’s largest local bank, Hong Leong Bank Berhad.
Over his career, Chen has held senior positions in various international foreign banks including J.P. Morgan, Royal Bank of Scotland, and Standard Chartered Bank.
“Steve brings with him a wealth of knowledge and outstanding leadership skills to Al Rajhi Bank Malaysia. I am confident with Steve’s extensive international banking experience and proven track record for operational excellence and leadership, he will be able to successfully lead Al Rajhi Bank Malaysia to greater heights,” said Syed Maqbul Quader, chairman, Al Rajhi Bank Malaysia. -- Bernama