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KUALA LUMPUR: Bank Rakyat has appointed Dr Mohammad Hanis Osman as its new chief executive officer (CEO) effective today.

Entrepreneur Development and Cooperatives Minister Tan Sri Noh Omar said the appointment was based on Mohammad Hanis' experience of more than 26 years in the Islamic banking and finance sector where he had held various roles in treasury and investment, retail banking and business banking.

"Through his leadership, Bank Rakyat's performance is seen to remain strong and achieve greater success in the future.

"At the same time, Bank Rakyat can maintain its position as the largest Islamic cooperative bank in Malaysia," he said in a statement today.

Meanwhile, Bank Rakyat chairman Datuk Abd Rani Lebai Jaafar said the board of directors welcomed the appointment of Mohammad Hanis following his performance as the acting CEO since April 1, 2022.

"Through his vast experience, he will be able to lead Bank Rakyat in the next phase of growth based on the blueprint of the BR25 (Bank Rakyat 2025) strategic plan such as digitalisation, sustainability, shariah leadership and the best customer experience," he said.

Mohammad Hanis, who has served Bank Rakyat for over 12 years, holds a Doctor of Philosophy (Economics) and a Master of Business Administration (Finance) from the International Islamic University Malaysia and a Bachelor's (Hons) in Accounting and Finance from the University of East London, United Kingdom. - Bernama