Malaysia Building Society Bhd (MBSB) group president and chief executive officer Datuk Seri Ahmad Zaini Othman 64, has passed away after battling with Covid-19 complications.
Ahmad Zaini took his last breath early this morning at 1:46am at KPJ Selangor Specialist Hospital.
Ahmad carried four decades of banking experience and was appointed to helm MBSB (financial holding company of MBSB Bank Bhd) on February 26 2009.
Datuk Nor Azam M Taib, currently the deputy CEO, would be the acting president and CEO.
Under his leadership, he has transformed a non-bank financial institution by restructuring and turning around its financial standing into a profitable organisation.
MBSB said Ahmad Zaini had successfully concluded the merger deal between MBSB and Asian Finance Bank.
The merger, which was also granted an acquisition approval, that made it possible for MBSB to fully own MBSB Bank Bhd, in 2018.
Ahmad Zaini also converted a conventional non-bank financial institution into a full-fledged Islamic bank.