KUALA LUMPUR – The Entrepreneur Development and Cooperatives Ministry has appointed Datuk Syed Abdul Aziz Syed Hassan as the chief executive officer (CEO) of Bank Rakyat, effective immediately.
Its minister Datuk Seri Wan Junaidi Tuanku Jaafar said in a statement that the appointment was made following Syed Abdul Aziz’s excellent performance during his tenure as the acting CEO of Bank Rakyat since November 14 last year.
During that period, the bank recorded an impressive financial performance, with a profit before tax and zakat of RM1.44 billion and a dividend payment of 13% for the financial year ended December 31, 2020, despite ongoing challenges due to the Covid-19 pandemic.
“The appointment also befits his extensive experience in corporate management, which enabled the bank to implement the Bank Rakyat 2025 (BR25) strategic plan without compromising its operations,” said Wan Junaidi.
He added that Syed Abdul Aziz’s credibility could also be seen when he was the CEO of Bank Rakyat’s subsidiary, Rakyat Holdings Sdn Bhd, where the company completed the development of the Bank Rakyat Twin Tower at a manageable cost. – Bernama, June 18, 2021
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