Muzaffar is Bank Pembangunan's new group CEO

PETALING JAYA: Bank Pembangunan Malaysia Bhd (BPMB) has appointed Datuk Muzaffar Hisham as its new group chief executive officer (GCEO), effective May 18, 2025.
Formerly the GCEO of Maybank Islamic Bhd, Muzaffar brings with him over 20 years of regional banking experience, the development financial institution said in a statement.
'Muzaffar has a proven track record in driving business growth and regionalisation strategies across various sectors, including wholesale and retail banking, investment banking, treasury, asset management and client coverage,' BPMB said.
He takes charge shortly after BPMB completed its acquisition and merger with Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) and Export-Import Bank of Malaysia Bhd (Exim Bank).
Effective May 1, both Exim Bank and SME Bank became subsidiaries of BPMB, creating a combined asset base of about RM50bil.
'It is an honour to join BPMB at this important juncture.
'I look forward to working closely with the board, management and stakeholders to build on the bank's strong foundation,' Muzaffar said.

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