In a statement today, the bank said Charon succeeds Azman Mahmud, whose term ended late last year.

The bank’s president and CEO Arshad Ismail said Charon’s extensive experience will be an invaluable asset as the bank navigates the dynamic business landscape.

“We look forward to collaborating with Datuk Charon to leverage his expertise, not only in steering our company to new heights but also enhancing the role of EXIM Bank Malaysia as a development finance institution,” Arshad said in the statement.

Charon most recently held the position of group MD for Malaysian Industrial Development Finance Bhd.

Other leadership roles he held include Khazanah Research Institute’s founding CEO, Khazanah Nasional executive director, CIMB Group deputy CEO, and CIMB Investment Bank CEO.

He was also at one time CIMB-Principal Asset Management Bhd (now Principal Asset Management Bhd) chairman and Zaid Ibrahim & Co managing partner.

The bank said he currently serves on the boards of Yayasan Tuanku Fauziah, Yayasan Tuanku Syed Putra Perlis, the Kuala Lumpur Business Club, and the board of Universiti Putra Malaysia.

“Charon is a Chartered Banker and a Fellow of the Asian Institute of Chartered Bankers, a non-practicing barrister of the Middle Temple, and an advocate and solicitor of the High Court of Malaya.

“His collaborative leadership and guidance within the corporate and commercial ecosystem and rich investment industry know-how will surely place him in good stead to guide the bank in the right direction, as it fulfils the mandate given to it by the government,” the bank said.