Datuk Rosman Mohamed is Bank Rakyat's new CEO

KUALA LUMPUR (Jan 28): Bank Rakyat has appointed Datuk Rosman Mohamed as its new chief executive officer (CEO), effective Feb 1.

Entrepreneur development and cooperatives Minister Datuk Seri Mohd Redzuan Yusof said the appointment has been confirmed and went through the "fit and proper" assessment process by Bank Negara Malaysia.

He said Rosman has demonstrated outstanding commitment and consistency in spearheading the implementation of Bank Rakyat 2025 (BR25) as well as the initiative to empower Bank Rakyat’s new core banking system which is scheduled to be operational in June 2020.

"In addition, Datuk Rosman has also led the movement to boost the entrepreneurship and cooperative sectors — in line with the Ministry's aspirations through various initiatives such as financing intensification, the establishment of SME Centres as well as various forms of advisory and consultancy services to high potentials, viable companies and cooperatives," Redzuan added in a statement.

Rosman was served as Bank Rakyat's board member since April 1, 2019, subsequently assumed the role of the bank's acting managing director from Aug 1, 2019.

With his appointment as the new CEO of Bank Rakyat, Rosman will step down as board member.

Rosman holds a Masters of Business Administration (MBA) from Saint Louis University, Missouri and Bachelor of Business Administration from Urbana University, Ohio.

He previously served as Bank Rakyat’s senior general manager, corporate services and a former credit officer and head of career training and development at Maybank.