Top changes at RHB Islamic, Asian Finance Bank


PETALING JAYA: Jamelah Jamaludin is tipped to be the new chief executive officer (CEO) of RHB Islamic Bank Bhd while Daud Vicary Abdullah is said to have joined Asian Finance Bank (AFB) as chief operating officer (COO) as of last week. 
Jamelah, currently the deputy CEO of Kuwait Finance House Malaysia Bhd (KFH), would be the first woman CEO to head an Islamic bank in the country. By joining RHB Islamic she would go back to the RHB banking group where she was once the CEO of RHB Sakura Merchant Bankers Bhd. 
Daud was formerly the CEO of Hong Leong Islamic Bank Bhd. 
These two are among the many changes happening in the Islamic banking industry that continues to attract new talent, given the seemingly robust growth experienced by the sector. 
RHB Islamic had been looking for a new head for months after Khalid Mahmood Bhaimia left. RHB banking group now also has a new majority shareholder in the Employees Provident Fund and it is learnt that KFH, once keen on a stake in the Islamic unit, might ignite talks again. 
Sources said KFH might partner a Kuwaiti party for the stake but no further details were available. 
Incidentally, Khalid had moved to Hong Leong Islamic in May as its COO initially and has been the bank’s managing director effective June 6. Khalid is also responsible for Hong Leong Tokio Marine's takaful business.


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