KUALA LUMPUR: Malaysian Rating Corporation Berhad (MARC) has announced the appointment of Arshad Mohamed Ismail as the new Group Chief Executive Officer, effective June 1, 2024. Arshad succeeds Datuk Jamaludin Nasir, who will transition to an advisory role until his term ends this November.
Chairman Tan Sri Dr. Nik Norzrul Thani bin Nik Hassan Thani, speaking on behalf of the Board of Directors, remarked, “We congratulate Arshad on his appointment and anticipate his leadership will elevate MARC to new heights. We also extend our heartfelt thanks to Datuk Jamaludin Nasir for his exceptional leadership and significant contributions to the company’s growth and expansion.”
Arshad previously served as President and CEO of Export-Import Bank of Malaysia Berhad (EXIM Bank). His extensive experience includes leadership positions at Bank Pembangunan Malaysia Berhad, Maybank Islamic Bhd, International Islamic Liquidity Management Corporation (IILM), Abu Dhabi’s Al Hilal Bank, Saudi Arabia’s Aayan Capital, and HSBC Amanah in the UAE.
Arshad holds a Bachelor of Law degree from the International Islamic University Malaysia and a Master of Business Administration from the London Business School, UK. He is a Chartered Banker with the Asian Institute of Chartered Bankers and was elected to the SC-OCIS Fellowship in Islamic Finance at the Oxford Centre for Islamic Studies in 2015.
Datuk Jamaludin, who has been with MARC since 2014, served on the Rating Committee before becoming Group CEO in 2019. He has been pivotal in MARC’s transformation, spearheading the company’s rebranding and numerous strategic initiatives both locally and internationally. His leadership has strengthened the ratings quality profile of MARC Ratings Berhad and driven the development and growth of MARC Data Sdn Bhd.
