KUALA LUMPUR (Aug 29): Kuwait Finance House (Malaysia) Bhd (KFH Malaysia) has appointed David Power as chief executive officer (CEO) of the bank, replacing Ahmed S. Al Kharji who remains as a board member of KFH Malaysia.

Ahmed served in the CEO position since April 20, 2015.

Power comes to KFH Malaysia with vast experience from other Middle Eastern and South African financial institutions over the past three decades. He was the group chief retail and private banking officer of Kuwait Finance House K.S.C. in Kuwait from 2014. He led the group retail and private banking function in Kuwait, as well as the retail and private banking franchise in Turkey, Malaysia and Bahrain.

In a statement today, KFH Malaysia said it also appointed two new key personnel — Nor Azzam Abdul Jalil as its deputy CEO and chief consumer banking and David Wee Kim Peng as chief operating officer (COO).

Nor Azzam will lead to strategize and drive KFH Malaysia's consumer banking division to reach its customers nationwide. He has 29 years of experience in various banking portfolios. He joins KFH Malaysia from his previous position as acting head of consumer sales and distribution and managing director of CIMB Bank Bhd and director of CIMB Principal Asset Management Sdn Bhd.

Meanwhile, Wee last served as AmMetLife's COO where he led the information technology (IT), operations, property and administration and special project teams. With 30 years of experience in IT, operations and consulting, he is tasked to strengthen KFH Malaysia's operations team to support the bank's business plan.