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Khairul Kamarudin resigns as BIMB Holdings CEO
Last update: 20/07/2018

KUALA LUMPUR, July 20 (Bernama) -- BIMB Holdings Bhd announced that its Chief Executive Officer (CEO) Khairul Kamarudin has resigned with immediate effect.

In a statement today, the banking group said Khairul had also relinquished his position as the CEO of its wholly-owned subsidiary, Bank Islam Malaysia Bhd.

"The BIMB Holdings board has decided to form a Board Executive Committee to oversee the day-to-day operations of BIMB Holdings," it said.

BIMB Holdings Chairman Tan Sri Ambrin Buang said the boards of both BIMB Holdings and Bank Islam had accepted Khairul's resignation and would like to express their sincere appreciation for his contribution to both institutions and the Islamic banking sector.

He said the board had decided to appoint Mohd Muazzam Mohamed as the Acting CEO of Bank Islam.

Mohd Muazzam, who joined the bank on May 11, 2015 as its Chief Financial Officer, has 22 years of experience in the field of audit, finance and consulting.

He is a member of various executive committees in Bank Islam and chairs several project steering committees. He is also a Director on the Board of several companies within BIMB Holdings group and Bank Islam group.

-- BERNAMA

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S'pore2.9795/9851
100 Yen3.6909/6964
Sterling5.2330/2410
Euro4.6699/6769
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Banker’s Cheque, Bank Draft and Cashier’s Order. Do you think this additional charge is justified?
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