KUALA LUMPUR, Datuk Mohd Zamree Mohd Ishak will step down as president and chief executive officer (CEO) of Credit Guarantee Corp Malaysia Bhd (CGC) on Dec 31, marking the end of his decade-long leadership, the corporation confirmed in a statement on Wednesday.
CGC president and CEO Datuk Mohd Zamree Mohd Ishak (left) and his successor Mohamed Nazri Omar.
He will be succeeded by Mohamed Nazri Omar, currently managing director of group corporate and investment banking at Bank Pembangunan Malaysia Bhd (BPMB). Nazri is expected to join CGC in October to ensure a smooth handover before formally taking over as president and CEO on Jan 1, 2026. Earlier reported that Mohd Zamree would be leaving CGC, with Nazri lined up as his replacement.
“With 36 years in the financial services industry, Datuk Zamree has been instrumental in reshaping CGC since 2015. He spearheaded two consecutive five-year strategic plans that anchored the corporation’s growth,” CGC said.
Established in 1972, CGC is majority-owned by Bank Negara Malaysia (78.65%) with the remainder held by commercial banks (21.35%). Its mandate is to assist micro, small and medium enterprises (MSMEs) with limited collateral or credit records in securing financing through guarantee schemes.
Nazri, who brings more than 25 years of experience in financial services spanning corporate and investment banking, capital markets and development finance, currently oversees corporate banking, advisory, treasury, business development and product strategy at BPMB. He also sits on the boards of several subsidiaries.
Previously, he served as CEO of Danajamin Nasional Bhd from 2014 to 2022, strengthening its role in developmental finance and enhancing its capital markets presence. He has also held senior positions at Kuwait Finance House Malaysia, RHB Sakura Merchant Bankers, Macquarie Bank and Citibank.
“We are confident that his wealth of experience across financial institutions and development financial institutions will further strengthen CGC’s capacity to deliver innovative solutions and expand its impact in supporting MSMEs,” said CGC chairman Datuk Mohammed Hussein.
