Al Rajhi Bank Malaysia CEO Arsalaan Ahmed departs to pursue “personal ambitions” in fintech
Arsalaan Ahmed, CEO of Al Rajhi Bank Malaysia (ARBM), a subsidiary of Saudi Arabia’s Al Rajhi Bank, is stepping down from the position to pursue his “personal ambitions” in the social finance and fintech sectors.
CEO Arsalaan Ahmed departs Al Rajhi Bank Malaysia
During his tenure, which began following his appointment in February 2021, the bank describes Ahmed as performing a “pivotal role” in both driving its global strategy and its delivery of banking solutions across the country.
Ahmed was a key figure in the launch of Rize, ARBM’s digital banking offering, in December of last year, which the bank claims “quickly gained recognition”.
He also oversaw the bank’s partnership with fintech firm Moneythor and the integration of its machine learning and behavioural science techniques to reinforce its digital offering, and later the integration of Feedzai’s RiskOps platform to ensure the enforcement of cybersecurity measures.
“It is with a heavy heart that I say farewell to the bank,” comments Ahmed. “It has been a great honour serving as CEO, and I would like to take this opportunity to thank ARBM and the Al Rajhi Bank Group for the trust accorded to me these past few years.”
The installation of an interim CEO has yet to be announced as the bank begins its search for a full-time replacement.
