Fadl Mohamed Named CEO of Bursa Malaysia

Bursa Malaysia Bhd, the Kuala Lumpur-based stock exchange, has appointed Datuk Fadl Mohamed as its new Chief Executive Officer effective March 1, following the impending retirement of Datuk Muhamad Umar Swift. In a press conference, Bursa Malaysia Chairman Tan Sri Abdul Wahid Omar highlighted the focus on ensuring a smooth leadership transition while continuing with the strategic and business plans previously set. These plans emphasize the exchange's commitment to evolving as a multi-asset exchange alongside maintaining its frontline regulatory role. Fadl's significant expertise in capital markets and investment banking positions him as a capable leader to foster growth and innovation. Notably, Fadl's prior positions include managing director of group wholesale banking at RHB Bank Bhd and CEO of Maybank Investment Bank, along with founding Maestro Capital Sdn Bhd. Bursa Malaysia has set ambitious targets, including 60 initial public offerings in 2025, with emphasis on Islamic Market innovations and sustainable investment options. In compliance with local regulations, the Securities Commission Malaysia has endorsed Fadl's appointment, affirming his potential to drive the exchange towards long-term growth and sustainability goals. Financially, Bursa Malaysia reported a notable increase in both profit and revenue for Q4 2024, driven by robust performance in securities and derivatives markets.