PUTRAJAYA: The Finance Ministry today announced the appointment of Datuk Kamal Mohd Ali as the new Public Sector Home Financing Board (LPPSA) chief executive officer, effective March 1.
The ministry said Kamal replaced Norsimah Ab Wahab, whose services had ended on Feb 28.
Kamal, the ministry added, had vast experiences in financing, banking and economy. He was previously with MoF Inc. company, Prokhas Sdn Bhd in 2008.
He has started his career as a credit officer at Bank Bumiputera Malaysia Bhd (BBMB), followed by numerous key positions in the bank for 22 years, including the general manager of BBMB Singapore and BCB Labuan Offshore (after the bank merged to form Bumiputra Commerce Bank Bhd).
"Kamal has also served as the Group Head for Emerging Corporate II, Corporate Banking Division, managing a portfolio in excess of US$550 million comprising public listed companies engaged in manufacturing, services, oil and gas, construction, plantation and stock broking activities," said the ministry in a statement.
A graduate from Universiti Malaya with a Bachelor in Economics (Hons) in 1983, he later obtained his Diploma in Banking & Finance from Institut Bank-Bank Malaysia (IBBM) in 1995. Kamal was awarded the Superior Performance Employee by the Asian Institute of Management, Manila in 1994 for his achievements
He also holds a Master’s Degree in Business Administration (Islamic Finance) from Universiti of Malaya.
"In April 2005, he was appointed as the general manager, Corporate and Institutional Banking Division, Bank Islam Malaysia Berhad (BIMB) and a management member of BIMB Holdings Bhd,"
From May 2006, Kamal led the Export-Import Bank of Malaysia Bhd as the managing director/CEO, responsible for the overall operations, management and planning of the Bank.
The Finance Ministry had also thanked Norsimah for all her contributions as LPPSA CEO since it started operation in 2016.