Azreen appointed to Board of Amana Bank

Tuesday, 23 July 2024 00:03 - - {{hitsCtrl.values.hits}}

M.Z.M. Azreen

M.Z.M. Azreen has been appointed as an Independent Non-Executive Director at Amana Bank PLC.

He fills the vacancy on the Board following the resignation of Omar Farook Kassim in June.

Azreen is a Fellow Member of the Institute of Chartered Accountants (ICASL) of Sri Lanka, Fellow Member of the Institute of Certified Management Accountants (ICMA) of Sri Lanka, Associate Member of Chartered Institute of Management Accountants (CIMA) UK and is a Certified Risk Analyst (CRA).

He started his career in 1991 at KPMG in Colombo, Sri Lanka and then joined Ernst & Young (EY), Bahrain Office in October 1996 as Senior Accountant. He was assigned the responsibilities of managing the Business Community Training Unit (BCTU) that provides in-house training to EY employees and its clients on various accounting and finance disciplines. He then joined Kuwait Finance House, Kuwait (KFHK) in 1999 as Investment Manager, Direct Investment Department. He was later transferred to head the Banking Performance Monitoring Unit and the Credit Due Diligence Unit of the International Banking Sector which oversee the performances of the banking subsidiaries.

In 2011, Azreen was appointed as the Non-Independent Non-Executive Director (NINED) of Kuwait Finance House Malaysia Berhad and served two terms (from the year 2011 to 2017). He held various Board responsibilities including Chairing the Board Transformation Steering Committee (BTSC) where he worked with international consultants in restructuring the Bank’s portfolio and developing and implementing a new credit underwriting guideline. Azreen developed a special product called Profit Sharing Investment Account (PSIA) that minimised the adverse impact on the performance of the bank which was unprecedented at the time and was approved by ank Negara Malaysia.

During the same period, he was appointed as Director of other Malaysian subsidiaries which include an offshore bank (KFH Labuan Berhad), an asset management company (KFH Asset Management Berhad) and a leasing company (KFH Ijarah House).

Azreen was re-appointed as an Independent Non-Executive Director of Kuwait Finance House (Malaysia) Berhad (KFHMB) on 1 March 2020. Currently he serves as Chairman of the Board Audit committee and the Board Nomination and Remuneration Committee.

Azreen is currently the Chief Executive Officer of Frontier Advisory Ltd., a company that provides a range of advisory services on accounting, tax and business-related matters.

With the latest changes the Board of Amana Bank PLC comprises Chairman A.M. Akbarally, Managing Director/CEO M.T.M. Azmeer, P.D.R. Hettiaratchi, M.A.R. Chowdhury, S.M.A. Raza, K.M.P.B. Abdullah, M. Adamaly, M. Hassan, T. Subasinghe, D.W. Pereira and M.Z.M. Azreen.