Kuala Lumpur: Bank Rakyat has appointed Ahmad Shahril Mohd Shariff as chief executive officer (CEO), effective April 9, 2025. Entrepreneur and Cooperative Development Minister Datuk Ewon Benedick, who announced the appointment, said it was based on the strong commitment and dedication shown by Ahmad Shahril during his tenure as acting CEO since Nov 9, 2024.

According to BERNAMA News Agency, Ahmad Shahril brings more than 26 years of experience in the banking and finance industry, including roles at Bank Negara Malaysia and other domestic financial institutions. He holds a Bachelor of Science in Finance and Accounting from the University of Salford, United Kingdom, and is a chartered member of the Chartered Institute of Islamic Finance. The ministry expressed confidence in his ability to lead and fulfil the responsibilities entrusted to him, particularly in enhancing member and stakeholder well-being, strengthening the entrepreneurial and cooperative ecosystem, and advancing financial inclusivity in line with the Malaysia Madani vision.

Meanwhile, Bank Rakyat chairman Datuk Mohd Irwan Mohd Mubarak stated that the board of directors, management committee, and employees welcomed Ahmad Shahril’s appointment. He emphasized their confidence that under Ahmad Shahril’s leadership, Bank Rakyat will continue to uphold its mandate to drive economic growth and the community’s socio-economic development as a progressive and competitive development financial institution. The bank remains committed to Islamic values and sustainability, guided by the Bank Rakyat 2025 (BR25) strategic plan.