Malaysia Building Society Bhd (MBSB) has appointed Mohamed Rafe as its new group chief executive officer (CEO) effective July 1, 2023.

Malaysia Building Society Bhd (MBSB) has appointed Mohamed Rafe Mohamed Haneef as its new group chief executive officer (CEO) effective July 1, 2023.

In its filing with Bursa Malaysia today, the company said this appointment comes as part of its strategic plans following the proposed acquisition of Malaysian Industrial Development Finance Bhd (MIDF), where MBSB will serve as the holding company of the enlarged group.

"With the new appointment, the current MBSB group CEO Datuk Nor Azam M. Taib, will have his role re-aligned.

"Starting from the same date, he will concentrate on his responsibilities as the chief executive officer of MBSB Bank Bhd. This strategic decision allows for a more focused approach, ensuring effective leadership within both entities of the MBSB Group," it said in the filing.


PROFILE


Rafe began his banking career in 1999 with HSBC Investment Bank in London. He has held various leadership roles at HSBC Middle East, ABN Amro UAE, Fajr Capital UAE and CitiGroup Malaysia. He was then appointed as the CEO of HSBC Amanah Bank and subsequently joined CIMB as the CEO of CIMB Islamic Bank. He also served as CIMB's Group Chief Sustainability Officer and was instrumental in positioning the sustainability agenda as a key strategic driver for CIMB Group. Most recently, Rafe was the CEO of CIMB Group Transaction Banking and the CEO of CIMB Foundation.


Rafe read law and Islamic law at the International Islamic University Malaysia and then pursued his Master of Laws at Harvard Law School. He was a qualified lawyer in Malaysia and New York and an SFA-registered Securities Representative in the UK. He also served as a member of the Securities Commission's Shariah Advisory Committee.