Tajuddin is Bank Muamalat’s new chairman

by FARA AISYAH/ pic by TMR FILE

BANK Muamalat Malaysia Bhd has appointed Datuk Seri Tajuddin Atan (picture) as its new chairman effective today, replacing Tan Sri Dr Mohd Munir Abdul Majid whose tenure at the Islamic bank ended yesterday.

“On behalf of Bank Muamalat, we would like to express our deepest gratitude and appreciation to Mohd Munir for his invaluable contributions and service to the bank, especially in leading the implementation of new strategies that have placed Bank Muamalat on the right track to deliver sustainable performance,” Bank Muamalat CEO Khairul Kamarudin said in a statement yesterday.

The bank said it aspires to continuously provide a strong Shariah-compliance risk culture to become the preferred Islamic financial services provider in the country under Tajuddin’s new leadership.

Prior to the appointment, Tajuddin was the CEO and ED of Bursa Malaysia Bhd between 2011 and 2019.

He had also served in leadership roles at RHB Bank Bhd, Bank Pembangunan Malaysia Bhd and Bank Simpanan Nasional Bhd.

Tajuddin was one of the top-managers changed by the Pakatan Harapan’s (PH) government after winning the 14th General Election (GE14) in 2018.

Bursa Malaysia then announced in end-2018 that Tajuddin would retire from his position, effective Feb 11, 2019, although his term was supposed to end in March.

The new administration of Perikatan Nasional, with the appointment of Tan Sri Muhyiddin Yassin as the new prime minister in February this year, has set off a wave of changes in the state-owned companies and federal agencies.

Among the big names that have already vacated their positions include Bank Kerjasama Rakyat Malaysia Bhd chairman Datuk Noripah Kamso and Khazanah Research Institute chairman Dr Nungsari Ahmad.

Wan Razly Abdullah Wan Ali was also appointed the new CEO of Affin Bank Bhd, which is 35.51%-owned by the Armed Forces Fund Board.