Kuala Lumpur, 18 May 2025 – Bank Pembangunan Malaysia Berhad (BPMB) is pleased to announce the appointment of Dato’ Muzaffar Hisham as its new Group Chief Executive Officer (GCEO), effective 18 May 2025.

With over 20 years of regional banking experience, Dato’ 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. Prior to joining BPMB, he served as the Group CEO of Maybank Islamic Banking, where 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.

Chairman of BPMB, Dato’ Sulaiman Mohd Tahir, said: “We are pleased to welcome Dato’ Muzaffar Hisham to BPMB. His proven leadership and deep understanding of the financial services landscape, both locally and regionally, will be instrumental in driving BPMB’s strategic direction. We are confident that under his stewardship, BPMB will continue to play a pivotal role in driving Malaysia’s national development agenda and delivering longterm value for our stakeholders.”

Newly appointed Group Chief Executive Officer of BPMB, Dato’ Muzaffar Hisham, said: “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. 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.”