July 2, 2026, ADFIAP: We are pleased to share an exciting leadership update from our member community. Small and Medium Enterprise Development Bank Malaysia Bhd (SME Bank), a subsidiary of the Bank Pembangunan Malaysia Bhd (BPMB) group, has officially announced the appointment of Samad Majid Zain as its new Chief Executive Officer (CEO), effective July 1, 2026.
Samad, who previously served as the bank’s Chief Financial Officer (CFO) from November 2021 and, more recently, as the Acting President/CEO, brings a wealth of expertise and a proven track record to his new role.
A Proven Leader for Malaysia’s MSME Sector
During his tenure as CFO and interim leader, Samad played a pivotal role in strengthening SME Bank’s financial stewardship, operational excellence, and strategic execution. His steady guidance led the organization through a significant period of transition while maintaining a strong commitment to the bank’s development mandate.
“His appointment reflects the board’s confidence in his leadership, extensive experience in the financial services industry, and steadfast commitment to SME Bank’s development mandate. The board is confident he will build on this strong foundation to further enhance SME Bank’s development impact, empower Malaysia’s micro, small, and medium enterprises (MSMEs), and contribute to the nation’s long-term economic growth and competitiveness.”.”
— SME Bank Board of Directors
Distinguished Background and Expertise
Prior to his journey with SME Bank, Samad served as the Group Chief Operating Officer of a local bank-backed investment bank. His professional credentials and academic background include:
- Chartered Banker: Asian Institute of Chartered Bankers (AICB).
- Fellow Certified Practicing Accountant: CPA Australia.
- Academic Credentials: Bachelor’s degree in Accounting and Finance from the University of Western Australia and an MBA specializing in Information Technology Management from Multimedia University.
Looking Ahead
Under Samad’s permanent leadership, SME Bank is well-positioned to deepen its role within the BPMB group and provide more integrated financial and development services. The appointment is expected to accelerate sustainable growth for MSMEs by championing high-potential, high-impact sectors aligned with national economic frameworks.
Please join us in congratulating Samad Majid Zain on his new appointment and in wishing him and SME Bank continued success!