Arsalaan (Oz) Ahmed exits alrajhi bank Malaysia to venture into fintech

• Sees opportunity in the fintech and social finance space
• Visionary passionate about Islamic banking, sustainability & digital innovation

Al Rajhi Banking & Investment Corporation (Malaysia) Bhd (ARBM) has announced the departure of Arsalaan (Oz) Ahmed (pic), its CEO, who has decided to focus on his personal ambition in the fintech and social finance space.

Oz stepped into the role of CEO in February 2021 where he had decisively driven the Al Rajhi Bank Group’s strategy on innovative banking solutions in Malaysia to lay the foundation as a leading digital and Islamic banking service provider. Under his leadership, alrajhi bank Malaysia recorded the highest financial success in the Islamic Bank’s history, supported by the parent bank.

Embracing Al Rajhi Bank Group’s strong position as the world’s leading Islamic banking services provider and instrumental in bridging the gap between futuristic financial services demand and Islamic banking values, Oz spearheaded the launch of Rize – ARBM’s digital bank.

“A visionary who is passionate about Islamic banking, sustainability, and digital innovation, Oz has been leading ARBM’s transformation to become a respected futuristic financial services provider exemplified by the launch of Rize. 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 John Roger Winfield, Chairman of ARBM.

“It is with a heavy heart that I say farewell to the Bank and I would like to take this opportunity to thank ARBM, and the Al Rajhi Bank Group, for the trust accorded to me these past few years. Working with such an exceptional team to accomplish our goals has been one of the most remarkable experiences of my career, particularly after delivering leading innovation that sets a standard for both conventional and Islamic finance in digital banking,” said Oz.

The Board of Directors, the Leadership, and the employees of ARBM wished Oz the very best as he ventures into the next chapter of his career.