Malaysia’s first established Islamic bank, Bank Islam Malaysia Berhad (Bank Islam) has appointed Khazanah Nasional Berhad’s, Dato’ Zukri Samat, as its new Managing Director.
Commencing June 9, 2006, Dato’ Zukri will succeed Bank Islam’s present Managing Director, Dato’ Noorazman A. Aziz, who will relinquish his post and move on as the Group Managing Director of the bank’s listed parent company – BIMB Holdings Berhad (BHB).
Dato’ Zukri is one of Malaysia’s most experienced business leaders in the field of banking and finance, and has had a distinguished track record at Khazanah Nasional and Pengurusan Danaharta Nasional Berhad (Danaharta). He has an excellent people skill – an attribute which will be of great assistance in his new role. Dato’ Zukri and Dato’ Noorazman will start working together immediately to ensure a smooth handover of the business.
Dato’ Zukri will oversee the day to day running of Bank Islam while Dato’ Noorazman will reorganize the Group’s other businesses which include asset management, private equity securities and takaful.
Prior to joining Bank Islam, Dato’ Zukri Samat was appointed Khazanah Nasional’s Executive Director, Investments, in February 2006, where he was responsible in the restructuring and reorganization and the monitoring and management functions of various investee companies.
With an experience of over 15 years in banking and finance, Dato’ Zukri was previously the Managing Director of Danaharta where he had served for over 7 years, starting as its General Manager, Operations in 1998.
Before Danaharta, Dato’ Zukri had served various banking and financial institutions including Credit Agricole Indosuez Labuan, Commerce International Merchant Bankers and Public Bank. Dato’ Zukri holds a Masters Degree in Business Administration from University of Hull, United Kingdom and Diploma in Accountancy from Universiti Teknologi Mara, Malaysia (UITM).
Dato’ Zukri’s appointment is part of a recent restructuring in Bank Islam that supports the bank’s transformation exercise and strengthens important functions so that the bank can compete with other newly set-up Islamic banking subsidiaries and banks in Malaysia. His extensive background in the financial services industry and his strong track record of community service make him particularly well suited to take on this challenging role.
The move will also help the Group strengthen its financial services in its effort to be a global player especially with the anticipated strategic stake sale to either Dubai Investment Group or Bahrain’s Unicorn Investment Bank which will give Bank Islam an access to those markets outside Malaysia.
Being in existence for more than 20 years, Bank Islam is moving ahead towards a better performance together with its committed and talented people within the Bank. With this, Bank Islam is confident that Dato’ Zukri will undoubtedly lead the Bank to new heights especially in the delivery of banking and finance services to all Malaysians.
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