CIMB Islamic Bank’s CEO Badlisyah resigns

Stephanie Jacob

Modified 14 Jul 2015, 11:10 am

KINIBIZ CIMB Islamic Bank’s chief executive officer and board member Badlisyah Abdul Ghani will resign all his posts effective Aug 15, 2015. Badlisyah also heads CIMB Group Bhd’s Islamic banking and finance franchise.

In a statement to Bursa Malaysia, CIMB Islamic Bank’s board of directors announced it has elected Mohd Shafri Shahul Hamid as the person-in-charge of the bank in and agreed for the group nomination and remuneration committee to start the process of identifying Badlisyah’s replacement.

CIMB Islamic chairperson Syed Muhammad Syed A Kadir said: “We respect Badlisyah’s decision. Since his appointment in 2006, Badlisyah has strengthened our global Islamic banking franchise and we are now well positioned globally to tackle the challenges and opportunities ahead of us. The board and I are grateful to Badlisyah for his leadership, integrity and contribution to the group. We wish him well for the future and the next stage in his career”.

Badlisyah courted controversy last week when a post he made on his personal Facebook page questioning the validity of documents used by The Wall Street Journal ( WSJ ) in its recent reports which claimed billions of ringgit were deposited into accounts belonging to Prime Minister Najib Abdul Razak, became the focus of news reports.

In the Facebook post, he suggested WSJ had fallen for doctored or falsified documents and based his claim on an analysis of the ‘Swift’ message documents released by WSJ the previous day.

However, a Malaysiakini report highlighted that there were errors in his interpretation of the documents and in particular of the ‘Swift’ codes. The full story can be read here .

For the full story go to KINIBIZ .

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