IslamicFinance.de

atuk Seri Abdul Hamidy Abdul Hafiz, the chief executive officer (CEO) of Kuwait Finance House (M) Bhd (KFH), has tendered his resignation. According to officials, the bank’s board had considered Hamidy’s request to resign. Pending approval by Bank Negara on the appointment of a new CEO, KFH said its board had appointed Datuk Mohamad Aslam Khan Gulam Hassan, who is currently the chief recovery officer, as the acting CEO, effective November 27. KFH also said it had appointed Mohammed Nasser Al Fouzan as chairman of the board of directors, effective November 26.

Kuwait Finance House (KFH Malaysia) has appointed Datuk Seri Abdul Hamidy Abdul Hafiz as its CEO effective today.
Datuk Jamelah Jamaluddin, who has helmed the bank since 2010 as the CEO, would now assume the role of managing director of Kuwait Finance House (Labuan). The changes were part of the group's overall strategy to restructure its business, strengthen its presence in the Asia-Pacific region by focusing on investment banking and fee-based income. Hamidy will grow KFH Malaysia's banking business and fund-based activities, Jamelah will drive the region's capital market, investment banking and fee-based activities for the group.

Kuwait Finance House (KFH) is mulling over a restructuring exercise that will entail a change of chief executive and the creation of a separate investment banking division. KFH's existing chief executive officer (CEO) Datuk Jamelah Jamaluddin had reportedly been chosen to head this new investment banking subsidiary. Datuk Seri Abdul Hamidy Abdul Hafiz, the chairman of Danajamin Nasional and Credit Guarantee Corp, is a likely replacement as KFH's CEO. KFH is seeking approval from the authorities for these changes, which it intends to bring about soon.