Monday 20, March 2017 by William Mullally

KFH Malaysia announces new executive team

Kuwait Finance House (Malaysia) Berhad (KFH Malaysia), the first foreign Islamic Bank in the country announced the appointment of six new senior executives in its bid to revitalise the banks effort to becoming a formidable Islamic Banking player in Malaysia.

The new line-up reflects the significant support of the parent company, Kuwait Finance House K.S.C. (KFH Kuwait) in Kuwait to the growth of the Bank in Malaysia. Together with the recent appointment of the Chief Executive Officer last year, David Power, the Bank is confident its business interests in the country will enter a new chapter in achieving its business aspirations as a premier provider of Islamic products and services to all Malaysia's consumers, said a media statement.

Momtaz M. Saif Chief Strategy, PMO and Communications Officer, completed the Harvard Business School General Management programme in addition to an array of strategic leadership programmes from the London School of Economics and Political Science. Momtaz is also a certified Practitioner in Change Management. He began his career at KFH Kuwait in Corporate Strategy and was a lead programme Manager for a 3-year Group-wide Transformation programme with a specific focus on governance. He later assumed responsibility for Human Resources as a Group Chief Human Resources Officer. Momtaz developed his professional career primarily in Europe with progressive Oil and Gas downstream roles across finance, operations, IT, retail and strategy, according to KFH.

Julio Francis Lobo, Chief Retail Banking Officer, joins KFH Malaysia with an extensive Retail Banking background of over 27 years. Since his entry into the banking industry in 1989, he has built his forte in credit and debit card products prior to joining to KFH Kuwait in 2001. He then built KFH Kuwait's card division to one of the largest portfolios in the Middle East and dominated the local Kuwait market. Equipped with solid experience and knowledge of the industry, Julio's passion will drive the retail business of KFH Malaysia into the next phase of growth, said the statement.

Khalid Jaafar, the new Chief Credit Officer has over 20 years of international experience in key banking areas of Corporate, Commercial and Retail credit. He focused on the front-line and credit risk management areas for Conventional, Islamic and Investment banking. Khalid's ability to manage the balance between the bank's business goals and risk management requirements will significantly enhance the credit analysis processes for the bank into the future, said the statement.

Mark Peile, a CIMA-qualified Senior Financial Services Executive has been appointed as Director of Business Performance & Analytics for KFH Malaysia. Mark brings with him significant global expertise in profit & loss and balance sheet management, change management, performance management, operations, analytics and building high-performance teams, said the statement. With over 20 years of experience, his role in KFH Malaysia will aid the Executive Leadership in charting the Bank's future growth in our chosen markets.

The new Director, Business Process Reengineering & Innovation, Liu Shoua Fan joins KFH Malaysia with more than 35 years of global experience in the international banking industry. Shoua's key skill set focusses on Six Sigma process re-engineering in both front and back office. His main focus in KFH will be to build world class processes and assisting the bank to become 'SIMPLER BETTER FASTER', according to the statement. His areas of expertise cover Operations, IT and Corporate Banking and his excellent track record around the world was key in his selection to help KFH Malaysia to significantly improve the customer experience and journey.

Dilip D.S is a senior banking and financial services professional and the new Director of Sales & Distribution for KFH Malaysia. With his vast experience of over 10 years with financial institutions, he has an outstanding track record of success in leading sales channels and exceeding revenue targets in global markets.

"The new management line-up is testament to the shareholders' commitment in Kuwait to the growth of the Bank in Malaysia. I am delighted to work with the new team and I am confident we will be taking the Bank to its next level of growth. I look forward to KFH Malaysia taking its rightful place in providing best possible Islamic products and services to our customers," said David Power, CEO of KFH Malaysia.

 

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