SHAH ALAM – Bank Islam Malaysia Berhad has named Datuk Wan Mohd Fadzmi Che Wan Othman Fadzilah as its new chairman and independent non-executive director, effective Aug 27.
He succeeds Tan Sri Dr Ismail Bakar, who retired on Aug 22 after six years of service on the board of directors.
In a statement, the bank said Wan Mohd Fadzmi previously held key leadership roles including independent non-executive chairman of Sumitomo Mitsui Banking Corporation Malaysia Berhad, president and chief executive officer of Bank Pertanian Malaysia Berhad and director of the Global Financial Banking Strategic Business Group at RHB Bank Berhad, bringing a wealth of international leadership and regulatory experience.
He also spent considerable time at Malayan Banking Berhad, leading its key overseas operations in London, New York and Hong Kong.
His vast regulatory background includes serving as the chairman of the Labuan Financial Services Authority (Labuan FSA) alongside directorships at several major institutions.
Wan Mohd Fadzmi also holds prestigious professional qualifications, including being a Fellow of the Institute of Corporate Directors Malaysia and a Fellow Chartered Banker of the Asian Institute of Chartered Bankers.
He completed the Advanced Management Programme at the Wharton School of the University of Pennsylvania, the Senior Executive Finance Programme at the University of Oxford and holds a Bachelor of Construction Economics from RMIT University in Melbourne, Australia.
Welcoming the new appointment, Bank Islam group chief executive officer YM Raja Datin Paduka Teh Maimunah Raja Abdul Aziz expressed strong confidence in Wan Mohd Fadzmi's leadership.
She noted that his deep expertise in banking operations, combined with a proven track record in governance and strategic guidance, will prove invaluable as the institution embarks on its next phase of transformation.
“On behalf of the Board and Bank Islam, I am pleased to welcome Datuk Wan Mohd Fadzmi as our new chairman.
“His deep banking expertise, international experience and strong record of stewardship, governance and strategic guidance will be invaluable as we embark on the next phase of Bank Islam’s transformation.” she said.
Raja Teh Maimunah highlighted that the bank is actively sharpening its strategic direction to construct a simpler, more agile and future-ready organisation.
She emphasised that immediate priorities focus on streamlining operations, intelligent process automation and accelerating digitalisation across the entire group.
These strategic moves, she said aim to keep customer needs firmly at the centre while boosting operational efficiency and advancing innovation within the Islamic banking sector.