KUALA LUMPUR (Oct 3): Al Rajhi Banking & Investment Corporation (Malaysia) Bhd (ARBM) has announced the departure of its chief executive officer (CEO) Arsalaan (Oz) Ahmed, the Islamic bank said in a statement on Tuesday.

Oz, who has held the position since February 2021 has decided to pursue his personal ambitions in the fintech and social finance space.

Under his leadership, ARBM recorded the best financial performance in its history, supported by its parent bank, as the bank also highlighted his success in launching Rize — ARBM’s digital bank.

“A visionary who is passionate about Islamic banking, sustainability, and digital innovation, Oz has led ARBM’s transformation to become a respected futuristic financial services provider exemplified by the launch of Rize, the bank’s key strategic channel to drive the digital agenda.

“On behalf of the ARBM family, I would like to express our deepest appreciation to Oz for his engagement and leadership in advancing the bank as we grow to be a significant contender in both the digital and Islamic banking space,” said ARBM chairman John Roger Winfield.

Rize bagged several prestigious awards including the Financial Technology Award in the Retail Banking Category in the Malaysia Technology Excellence Awards 2023 and the Virtual Bank of the Year for Malaysia Award in the Asian Banking and Finance Retail Banking Awards 2023.