Bursa: Malaysia Bhd has appointed Datuk Fad’l Mohamed as its new chief executive officer (CEO), effective March 1, 2025. It said in a statement today that Fad’l would take over the exchange’s leadership, following the upcoming retirement of Datuk Muhamad Umar Swift, who has been Bursa Malaysia’s CEO since February 2019.

According to BERNAMA News Agency, Bursa Malaysia chairman Tan Sri Abdul Wahid Omar expressed confidence in Fad’l’s expertise, stating that his understanding of capital markets and investment banking positions him well to lead the exchange into the future. The chairman remarked on the expectation that Fad’l’s leadership will drive continued growth and success for the exchange and the marketplace.

Fad’l, 57, is currently serving as the RHB Bank Bhd managing director of group wholesale banking and brings over 30 years’ experience in legal, capital markets, and investment banking to his new role. His prior roles include CEO of Maybank Investment Bank Bhd. Fad’l began his career as a lawyer at Rashid and Lee in 1991 before joining the Securities Commission Malaysia in 1993.

He subsequently moved to Dresdner Kleinwort Benson, an investment banking firm. In 2004, he founded Maestro Capital Sdn Bhd, a licensed corporate finance adviser focusing on mergers and acquisitions, capital raising, and initial public offerings (IPOs), until 2015 when he joined Maybank Investment Bank.