KUALA LUMPUR (Oct 8): Datuk Seri Awang Adek Hussin will step down as chairman of Bank Simpanan Nasional (BSN) at the end of his term at the development financial institution.

Datuk Seri Zukri Samat, the former managing director of Bank Islam Malaysia Bhd (KL:BIMB), has been appointed as his successor effective Oct 12, the bank also known as BSN said in a statement on Thursday. BSN thanked Awang Adek for his service since July 2024.

“Awang Adek has guided BSN through a defining chapter with steady leadership and a deep belief in this institution’s purpose,” said BSN’s acting chief executive Mujibburrahman Abd Rashid.

Awang Adek is well known in Corporate Malaysia, having been the chairman of the Securities Commission of Malaysia, Tenaga Nasional Bhd (KL:TENAGA) and Perbadanan Nasional Bhd.

He was also director of state-controlled unit trust fund Permodalan Nasional Bhd, and spent 17 years in Bank Negara Malaysia, where he rose to the rank of assistant governor.

He was also a Member of Parliament for Bachok in Kelantan from 2004 to 2008, deputy minister of rural development from 2004 to 2006, and deputy minister of finance from 2006 to 2013.

Zukri, meanwhile, brings extensive experience from the financial services sector, Islamic banking, asset management and public institutions.

“I look forward to working with the board and management to deepen financial inclusion, accelerate digital transformation and embed sustainability in how the bank serves its customers, while upholding the highest standards of governance,” Zukri said.

He most recently served as chairman of Perbadanan Insurans Deposit Malaysia from November 2023 to October 2025. His earlier roles include board member of the Inland Revenue Board and chief executive officer of Lembaga Tabung Haji.

He was also the managing director of Pengurusan Danaharta Nasional Bhd, where he played a pivotal role in financing restructuring and recovery during the Asian financial crisis.