Latest news with #MuzaffarHisham
New Straits Times
26-05-2025
- Business
- New Straits Times
BPMB, EXIM Bank seal first joint deal with Duta Marine for FSO project
KUALA LUMPUR: Malaysia Bhd (BPMB) and Export-Import Bank of Malaysia Bhd (EXIM Bank), both under the BPMB Group, have concluded their first joint financing transaction with Duta Marine Sdn Bhd for the FSO Permata Dulang project. This landmark deal reflects the unified strategic direction of the newly merged group and supports the conversion of an oil tanker into a floating storage and offloading (FSO) vessel. The new unit will replace the ageing FSO Puteri Dulang, ensuring continued operations at the Dulang Field—one of Malaysia's longest-running offshore production sites. The financing includes RM555 million from BPMB and US$37 million in Islamic facilities from EXIM Bank, covering the vessel's acquisition, conversion, and mobilisation. The project is set to enhance energy security and infrastructure resilience while supporting long-term offshore operations. EXIM Bank also served as the exclusive arranger for Duta Marine's charter agreement with Petronas Carigali Sdn Bhd, reflecting its role in structuring strategic financing solutions. "This project represents the very essence of our purpose, to deliver impact capital for national development," said Datuk Muzaffar Hisham, Group Chief Executive Officer of BPMB. "It also demonstrates the power of synergy within the BPMB Group, where our combined expertise and focus allow us to support high-impact, high-value national priorities while empowering capable Bumiputera players," he said. EXIM Bank president and CEO Nurbayu Kassim Chang added, "We are honoured to support Duta Marine in a project of national significance. This effort showcases the strength of BPMB Group's integrated approach, bringing together complementary capabilities to strengthen Malaysia's oil and gas sector, enhance local participation, and enable homegrown enterprises to thrive on a global stage." Aligned with BPMB's Transportation & Logistics Programme, the project also supports the United Nations Sustainable Development Goals, particularly SDG 9 (Industry, Innovation and Infrastructure) and SDG 8 (Decent Work and Economic Growth). Duta Marine, a veteran Bumiputera offshore marine firm, secured a 10+5-year charter with PETRONAS Carigali following the extension of the Dulang Production Sharing Contract (PSC) to 2045. "We are deeply honoured to receive this support from BPMB and EXIM Bank," said Mahyudden Abdul Wahab, director and shareholder of Duta Marine. "This is more than just financing; it's a vote of confidence in the capabilities of Bumiputera companies to lead complex, high-impact projects." The project is expected to create jobs during both the conversion and operational phases and deliver economic spillover benefits to key growth areas such as Terengganu, further strengthening Malaysia's global energy position.
The Star
19-05-2025
- Business
- The Star
Muzaffar is Bank Pembangunan's new group CEO
PETALING JAYA: Bank Pembangunan Malaysia Bhd (BPMB) has appointed Datuk Muzaffar Hisham as its new group chief executive officer (GCEO), effective May 18, 2025. Formerly the GCEO of Maybank Islamic Bhd, Muzaffar brings with him over 20 years of regional banking experience, the development financial institution said in a statement. 'Muzaffar has a proven track record in driving business growth and regionalisation strategies across various sectors, including wholesale and retail banking, investment banking, treasury, asset management and client coverage,' BPMB said. He takes charge shortly after BPMB completed its acquisition and merger with Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) and Export-Import Bank of Malaysia Bhd (Exim Bank). Effective May 1, both Exim Bank and SME Bank became subsidiaries of BPMB, creating a combined asset base of about RM50bil. 'It is an honour to join BPMB at this important juncture. 'I look forward to working closely with the board, management and stakeholders to build on the bank's strong foundation,' Muzaffar said.
New Straits Times
18-05-2025
- Business
- New Straits Times
Bank Pembangunan names former Maybank Islamic boss as new group CEO
KUALA LUMPUR: Former Maybank Islamic Banking group chief executive officer (GCEO) Datuk Muzaffar Hisham has been appointed as Bank Pembangunan Malaysia Bhd's new GCEO effective immediately. He succeeded Roni Abdul Wahab, who had served as GCEO for three years since April 2022. Muzaffar has more than 20 years of regional banking experience, with proven track record in driving business growth and regionalisation strategies across various sectors. This included wholesale and retail banking, investment banking, treasury, asset management and client coverage. In Maybank Islamic Banking, he successfully expanded the scale and reach of Islamic banking, advanced global leadership in Islamic wealth management, and pioneered innovative digital solutions within the group. Bank Pembangunan chairman Datuk Sulaiman Mohd Tahir said Muzaffar's proven leadership and deep understanding of the financial services landscape, both locally and regionally, will be instrumental in driving the bank's strategic direction. "We are confident that under his stewardship, Bank Pembangunan will continue to play a pivotal role in driving Malaysia's national development agenda and delivering long- term value for our stakeholders," he said in a statement. Muzaffar said he looks forward to working closely with the board, management and stakeholders to build on the bank's strong foundation. "Together, we will strengthen BPMB's role as a key development financial institution, dedicated to supporting Malaysia's socio-economic progress and sustainability ambitions. "I am committed to leading our efforts in delivering impact capital for national development," he added.
BusinessToday
24-04-2025
- Business
- BusinessToday
Maybank Islamic GCEO Dato Muzaffar Leaves, Officer In Charge Appointed
Maybank Group has confirmed the appoinntment of Nor Shahrizan Sulaiman, currently serving as Deputy CEO of Maybank Islamic Berhad as the Officer-in-Charge, following the resignation of the Group Chief Executive Officer (GCEO), Islamic Banking, Dato' Muzaffar Hisham. The banking group said the process to identify a new GCEO will commence immediately and the outcome of which will be announced in due course. Dato' Khairussaleh Ramli, President & Group Chief Executive Officer of Maybank said, 'On behalf of Maybank Group, I extend my deepest gratitude to Dato' Muz for his invaluable contributions over the past 14 years. He has played a pivotal role in steering our Islamic banking franchise towards achieving true global leadership, in line with our M25+ strategy.' Nor Shahrizan is to take on the day-to-day management of MIB in addition to his current duties, until a new GCEO is appointed. Related
The Star
24-04-2025
- Business
- The Star
Nor Shahrizan Sulaiman named officer-in-charge at Maybank Islamic
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has appointed Nor Shahrizan Sulaiman as officer-in-charge of Maybank Islamic Bhd (MIB) following the resignation of Datuk Muzaffar Hisham, who stepped down to pursue other professional interests. In a statement, Maybank said the search for a new group CEO of Islamic Banking would begin immediately, with an announcement to be made in due course. Nor Shahrizan will take on the day-to-day management of MIB in addition to his current duties until a new group CEO is appointed. 'On behalf of Maybank Group, I extend my deepest gratitude to Muzaffar for his invaluable contributions over the past 14 years. He has played a pivotal role in steering our Islamic banking franchise towards achieving true global leadership, in line with our M25+ strategy,' Maybank president and group CEO Datuk Khairussaleh Ramli said.
