KUALA LUMPUR: Kuwait Finance House (M) Bhd (KFH Malaysia) has appointed David Power (pic) as its new chief executive officer (CEO) effective Monday.

In a statement, the first foreign Islamic bank in the country said Power, who had been Kuwait Finance House KSC (KFHK) group chief retail and private banking officer since 2014, was replacing Ahmed S. Al Kharji.

“Power comes to KFH Malaysia with vast experience from other Middle East and South African financial institutions over the past three decades.

“We believe his extensive financial services experience will be the key in steering the bank to the next level,” it said.

KFH Malaysia, a wholly-owned unit of KFHK, said earlier, it had also appointed Nor Azzam Abdul Jalil as its deputy CEO and chief (consumer banking) effective  June 1, and David Wee Kim Peng as chief operating officer, effective April 1.

“We are confident that under the leadership of David Power and the new management team, our business interests in the country will propel into a new promising chapter via attractive Islamic products and services to Malaysias consumers,” it said.

KFH Malaysia was established on Aug 8, 2005. - Bernama